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. 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.
- Annual Revenue₹9.32 Cr
FY 2024 · -27% YoY
- Net Profit₹46.8 Lakh
FY 2024 · 5% margin
- EBITDA₹77.7 Lakh
FY 2024 · 8% margin
- Total Equity Funding$40M (USD)
in 1 rounds
- Latest Funding Round$40M (USD), Series B
Apr 2018
- InvestorsSimfoni
& 1 more
- Employee Count80
- Investments & AcquisitionsKontextual
& 1 more
- Acquired bySimfoni
(Nov 2022)
Associated legal entities of Xeeva
Xeeva operates through Xeeva India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Xeeva India Private Limited CIN U72300HR2015PTC057427 | Active | 01 Dec 2015 | Gurgaon, Haryana | ₹9.3 Cr | 80 | 2 | View details |
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
Apps and channels of Xeeva
its YouTube channel Xeeva has 45 subscribers and 30 videos.
Videos from Xeeva
The most watched videos on Xeeva's YouTube channel, Xeeva (45 subscribers). Click a video to play it here.
More on Xeeva.
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 $40M
- Total Rounds 1
- Last Round Series B — $40M
- First Round $40M
(Apr 2018)
- Investors Count 1
All 1 funding rounds of Xeeva with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | $40M | Series B | – | PeakEquity | – |
2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Software investments are managed to build market-leading companies. | – | peakequity.com | Villanova, United States | |
AI-based spend analysis and management solution for businesses | 2007 | simfoni.com | Chicago, United States |
Investor details for Xeeva
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Xeeva India Private Limited (Xeeva)
Xeeva India Private Limited is the primary company behind Xeeva. The board of Xeeva India Private Limited currently have 2 directors; the longest-serving is Anurag Padmanabhan, appointed in 2015. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anurag Padmanabhan DIN 07315899 | Director | 01 Dec 2015 | 10 yrs 10 mo | Xeeva India Private Limited |
| Venkitakrishnan Sreeram DIN 08479138 | Additional Director | 12 Dec 2022 | 3 yrs 9 mo | Xeeva India Private Limited |
People of Xeeva
17 people are tracked at Xeeva (3 in leadership, 14 in team); the tracked headcount is 80.
| Name | Role | Group |
|---|---|---|
Michael Dady | Director of Accounting and Finance | Leadership |
Steve Griffiths | Chief Strategy Officer | Leadership |
Christopher Hudson | Global Director, People & Culture | Leadership |
Saurabh Shukla | Implementation Project Manager | Team |
Poonam Yadav | Senior Software Engineer | Team |
Ajay Prajapati | DevOps Engineer | Team |
Aashish Mishra | Software Engineer | Team |
Ambrish Kalele | Lead Developer | Team |
Mathieu W. | Project Engineer | Team |
Mounica Madduri | Data Engineer | Team |
Ranjith Rajendran | Software Tester | Team |
Rounak Jain | Senior Database Engineer | Team |
Amit Jain | Senior Software Engineer | Team |
Vivek Rathore | Sr. Software Engineer | Team |
Alex Del Rio | Senior Indirect Sourcing Manager / Consultant | Team |
Vivek Singh | DM (PMO)- Strategic Sourcing & Spend Analytics (Consulting) | Team |
Mario Nunez | Sourcing Specialist | Team |
Complete people profiles for Xeeva
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Financials of Xeeva
Figures of Xeeva India Private Limited, the primary company behind Xeeva, for FY 2024. Revenue was ₹9.32 Cr (-27% year on year). Net profit was ₹46.8 Lakh (5% margin). EBITDA was ₹77.7 Lakh (8% margin). Revenue has grown at a compounded annual rate of -12% over three years and -12% over five years.
- ₹9.32 CrRevenue · FY 2024 · -27% YoY
- ₹46.8 LakhNet profit · 5% margin
- ₹77.7 LakhEBITDA · 8% margin
- ₹1 LakhPaid-up capital
- 80Employees (provident fund records)
- -12%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Xeeva India Private Limited are on its company page.
Detailed financial statements for Xeeva
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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 | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based e-procurement system for SMB supplier management is provided. | procurepack.com | Gurugram, India | 2012 | Jan 2016 | •••• | |
Kontextual was founded in 2012 in Ann Arbor, United States. | kontextual.com | Ann Arbor, United States | 2012 | Dec 2014 | •••• |
Complete acquisition details for Xeeva
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
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Verified entity values are shown only after access is granted.
Timeline of Xeeva
5 dated milestones of Xeeva across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Xeeva is founded.
- Acquisition Acquires Kontextual.
- Acquisition Acquires ProcurePack.
- Funding First funding round of $40.0M.
- Exit Acquired by Simfoni.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| mineraltree.com | 2010 | Cambridge, United States | $123.38M | 26 | Cloud-based accounts payable automation is delivered for businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| procurify.com | 2012 | Vancouver, Canada | $82.49M | – | SaaS spend management software is used to automate procure-to-pay operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. | |
| chromeriver.com | 2007 | Los Angeles, United States | $155M | 277 | Cloud-based expense reporting & invoice management solutions for businesses |
Detailed competitors of Xeeva
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- Full competitor set
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Web traffic of Xeeva
The website of Xeeva (xeeva.com) receives about 6.8K visits a month.
- Monthly visits6.8K
▼ 8.4% vs previous month
Latest news on Xeeva
Complete news archive for Xeeva
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Similar companies to Xeeva
10 companies that operate in the same segment as Xeeva (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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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 2018.
Xeeva has 80 employees.
The primary company behind Xeeva, Xeeva India Private Limited, reported revenue of ₹9.32 Cr for FY 2024, down 27% year on year.
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.
Xeeva operates through Xeeva India Private Limited.
Yes. Xeeva was acquired by Simfoni in November 2022.