About Xeeva
Xeeva is a company based in Southfield (United States) founded in 2014 was acquired by Simfoni in November 2022. Xeeva has raised $40 million across 1 funding round from investors including Simfoni and PeakEquity Partners. The company has 80 employees as of April 07, 2024. Xeeva has completed 2 acquisitions, including Kontextual and ProcurePack. Xeeva offers products and services including Spend Analytics, Sourcing, and Procure-to-Pay. Xeeva operates in a competitive market with competitors including Tipalti, Sage Group, Coupa, MineralTree and Airbase, among others.
- Headquarter Southfield, United States
- Employees 80 as on 07 Apr, 2024
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Xeeva India Private Limited
- Date of Incorporation 01 Dec, 2015
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$2.56 M (USD)3.95as on Mar 31, 2020
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Net Profit
$160.51 K (USD)88.89as on Mar 31, 2020
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EBITDA
$247.31 K (USD)62.27as on Mar 31, 2020
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Total Equity Funding
$40 M (USD)
in 1 rounds
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Latest Funding Round
$40 M (USD), Series B
Apr 12, 2018
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Investors
Simfoni
& 1 more
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Employee Count
80
as on Apr 07, 2024
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Investments & Acquisitions
Kontextual
& 1 more
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Acquired by
Simfoni
(Nov 28, 2022)
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Products & Services of Xeeva
Xeeva offers a comprehensive portfolio of products and services, including Spend Analytics, Sourcing, and Procure-to-Pay.
Analyzes spend data to identify savings and improve decisions
Identifies suppliers and optimizes contracts for cost reduction
Manages buying processes with visibility and compliance controls
People of Xeeva
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Funding Insights of Xeeva
Xeeva has successfully raised a total of $40M through 1 strategic funding round. The most recent funding activity was a Series B round of $40 million completed in April 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $40.0M
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First Round
First Round
(12 Apr 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series B - Xeeva | Valuation | PeakEquity |
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Investors in Xeeva
Xeeva has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Simfoni and PeakEquity Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Software investments are managed to build market-leading companies.
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Founded Year | Domain | Location | |
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AI-based spend analysis and management solution for businesses
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Founded Year | Domain | Location |
Investments & Acquisitions by Xeeva
Xeeva has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kontextual and ProcurePack.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Kontextual was founded in 2012 in Ann Arbor, United States.
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2012 | ||||
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Cloud-based e-procurement system for SMB supplier management is provided.
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2012 |
Financial Statements - Xeeva
Xeeva Comparisons
Competitors of Xeeva
Xeeva operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tipalti, Sage Group, Coupa, MineralTree and Airbase, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounts payable automation is delivered for businesses.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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Frequently Asked Questions about Xeeva
Xeeva was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Xeeva is headquartered in Southfield, United States. It is registered at Southfield, Michigan, United States.
Xeeva is a funded company, having raised a total of $40M across 1 funding round to date. The company's 1st funding round was a Series B of $40M, raised on Apr 12, 2018.
As of Apr 07, 2024, the latest employee count at Xeeva is 80.
Annual revenue of Xeeva is $2.56M as on Mar 31, 2020.
Founded in 2014 and based in Southfield, United States, cloud-based procurement software is offered by Xeeva in the technology sector. Solutions encompass sourcing for project tracking and contracts, procure-to-pay for budgeting and compliance, supplier collaboration, e-invoicing to manage cash flow, and extended tools for real-time inventory monitoring. A marketplace links buyers and sellers. Implementation, training, and support services are included.
Xeeva's top competitors include Coupa, Sage Group and Airbase.
Xeeva offers Spend Analytics, Sourcing, and Procure-to-Pay.
Xeeva has made 2 acquisitions, including Kontextual, and ProcurePack.
Xeeva has 2 investors. Key investors include Simfoni, and PeakEquity Partners.