The company also stated plans to continue to grow its employee base, which currently sits at more than 100.
The Vancouver-headquartered company plans to use the funding to scale through new sales and marketing initiatives as well as expanding its international market offerings. Procurify, a spend management software solution for businesses, announced today that it has closed $26 million CAD ($20 million USD) in a Series B funding round. The Procurify team also includes two well-known names in the business world: Eric Bin, a former Director of Product at Clio and Simon Stanlake, former CTO of Hootsuite.Share on: Twitter LinkedIn Facebook Email “The landscape of business tools need to keep up with that evolution.”
“The way organizations are managing their spend has evolved and changed throughout the years,” says Aman Mann, Co-founder and CEO of Procurify. Procurify also has plans to expand its offerings into international markets. Investors in this round of funding include some of Canada’s largest venture capitalists - Information Venture Partners, Runa Capital, HarbourVest Partners, Manulife, and BC Tech Fund.įunds will be used to continue growing the team, as well as to scale the company through several sales and marketing initiatives. “Procurify enables maturing companies to be proactive about managing their spend culture by providing a combination of accessible data, convenient process, and manageable controls.” “Procurify’s mission is to reinvent the way organizations spend,” says a press statement. Over 70% of Canadian entrepreneurs aren’t being paid on time.The top 25 CEOs according to Canadian employees.10 Vancouver companies that should have made the 'LinkedIn Top Startups 2018' list.The company’s claim to fame is a spend management software that helps businesses make better, more informed decisions when it comes to company spending.Īccording to the company, Procurify currently manages more than $9.2 billion of its clients’ spending through its platform. Procurify, a Vancouver-based startup, has just secured $26.4 million in Series B funding.
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