Investors include one of Canada's largest VC's - Information Venture Partners, as well as, Runa Capital, HarbourVest Partners, Manulife, and BC Tech Fund managed by Kensington Capital. Richmond, BC, June 20, 2019-(T-Net)- Vancouver-based Procurify, a leading SaaS-based spend management solution that is being used by fast-growing companies around the globe to help manage their spending, has just announced the closing of its Series B round for $26.4 million ($20 million USD). It supports custom user, department, and location approval structures with notifications support and real-time budget forecasting, and its tracking and reporting tools provide visibility into purchase history by integrating with existing accounting suites like QuickBooks, Oracle’s NetSuite, and Amazon Business PunchOut.Procurify Closes $26.4 Million Series-B Financing To Help Companies Reinvent the Way They Manage their Spend Cultures

Procurify’s cloud-based, AWS-hosted sofware-as-a-service (SaaS) offering, which was built with Django, enables corporate customers to manage organisational purchasing and procurement with features like digital purchase order submission, accounts payable automation, and more.

In 2012, the company graduated from GrowLab and went on to raise USD 4.2 million in seed capital and close a USD 7 million series A, and to expand the core team from five people to over 90. Procurify joined tech accelerator GrowLab’s boot camp in 2012. Information Venture Partners led the round, which saw contributions from Runa Capital, HarbourVest Partners, Manulife, and Kensington Capital’s BC Tech Fund.

Canada-based procurement software company Procurify has secured USD 20 mln in series B financing, bringing its total raised to nearly USD 30 mln.

Procurify funding