Where is Cirtuo located?

Cirtuo is headquartered in Graz, Austria.

How many employees does Cirtuo have?

As of Jul 01, 2024, the latest employee count at Cirtuo is 18.

Is Cirtuo a funded company?

Cirtuo is a funded company, having raised a total of $***** in its 1st and only funding round.

What is the annual revenue of Cirtuo?

Annual revenue of Cirtuo is €4.54M as on Dec 31, 2024.

Where does Cirtuo rank among its competitors?

Cirtuo ranks 32nd amongst 200 active competitors, of which 40 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Bizongo, which secured $4.5M in Mar, 2025.

Who are the top competitors of Cirtuo?

Cirtuo's top competitors include Coupa, Bizongo and Airbase. Among them, Bizongo secured the most recent funding round in March, 2025.

Cirtuo - 2026 Company Profile, Team, Competitors & Financials

Cirtuo is an acquired company based in Graz (Austria), founded in 2008 by Drasko Jelavic. It operates as a Supplier relationship and procurement management tool. The company has 200 active competitors, including 40 funded and 46 that have exited. Its top competitors include companies like Coupa, Bizongo and Airbase.

Company Details

Cirtuo provides web-tools to manage strategic activities in procurement process. Its category management tool provides visibility into company's spends and P&L analysis of direct and indirect procurements. Supplier relationship management offers supplier performance management, supplier risk management tools. Procurement management module enables procurement professionals to monitor and manage sourcing and procurement process.

Key Metrics

Founded Year

2008

Location

Graz, Austria

Stage

Acquired

Ranked

32^nd among 200 active competitors

Annual Revenue

€4.54M as on Dec 31, 2024

Employee Count

18 as on Jul 01, 2024

Similar Companies

Coupa & 251 more

Exit Details

Acquired by Coupa (May 13, 2025)

View Cirtuo's full profile

Cirtuo is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Cirtuo Inc CIN: 20211066945 , United States, Active	Jan 23, 2021	-	-	-
CIRTUO D.O.O. CIN: 96615369646 , Croatia, Active	Jun 01, 2010	$4.91M (As on Dec 31, 2024)	-
Cirtuo GmbH CIN: 343985k , Austria, Active	Mar 24, 2010	-	-	-

Cirtuo got acquired by Coupa on May 13, 2025. It was facilitated by Kaizen Equity Partners, Kirkland & Ellis and Wolf Theiss.

Click here to take a look at Cirtuo's acquisition in detail

Cirtuo has not raised any funding rounds yet.

The founders of Cirtuo is Drasko Jelavic.

Here are the details of Cirtuo's key team members:

Drasko Jelavic: Founder & CEO of Cirtuo.

View details of Cirtuo's Founder profiles and Board Members

Cirtuo's employee count trend

Cirtuo has 18 employees as of Jul 24. Here is Cirtuo's employee count trend over the years:

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Top competitors of Cirtuo include Coupa, Bizongo and Airbase. Here is the list of Top 10 competitors of Cirtuo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coupa 2006, San Mateo (United States), Acquired	Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend	$169M	T. Rowe Price, Meritech & 18 others	87/100
2nd	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Schroders Capital, Accel & 30 others	77/100
3rd	Airbase 2017, San Francisco (United States), Acquired	Provider of a platform integrating human resources, finance, and information technology	$91M	Menlo Ventures, Bain Capital Ventures & 21 others	73/100
4th	Procurify 2012, Vancouver (Canada), Series C	SaaS-enabled end-to-end spend management software	$82.5M	Information Venture Partners, Ten Coves Capital ... & 22 others	68/100
5th	Dice 2018, Pune (India), Acquired	Provider of spend management and digital commerce platform for enterprises	$6.55M	IIT Mandi Catalyst, Dallas Venture Capital ... & 13 others	67/100
6th	GEP 1999, Clark (United States), Unfunded	Cloud-based procurement-to-pay solutions	-	-	67/100
7th	Ivalua 2000, Redwood City (United States), Series B	Provider of cloud-based platform for spend, procurement, and supplier management	$134M	Ardian, Tiger Global Management & 7 others	62/100
8th	Tropic 2020, New York City (United States), Series B	Provider of cloud-based procurement management solutions	$67.1M	Insight Partners, Canaan & 12 others	62/100
9th	LogicSource 2009, Norwalk (United States), Series C	Offers cloud-based sourcing and procurement solution	$206M	FTV Capital, Saints Capital & 4 others	62/100
10th	Esker 1985, Middleton (United States), Public	Provider of an AI-driven document automation and business process solutions	-	Herald Investment Management, General Atlantic ... & 5 others	58/100
32nd	Cirtuo 2008, Graz (Austria), Acquired	Supplier relationship and procurement management tool	-	-	47/100