Corcentric - About the company
Corcentric is a public company based in Mclean (United States), founded in 1998 by Doug Clark. It operates as a Provider of source-to-pay, order-to-cash, and fleet management business solutions. Corcentric has raised $81.2M in funding from Bregal Sagemount. The company has 732 active competitors, including 115 funded and 71 that have exited. Its top competitors include companies like Coupa, Bizongo and Concur.
Company Details
Provider of source-to-pay, order-to-cash, and fleet management business solutions. The company offers software, managed services, and strategic advisory support. Procurement, accounts payable, accounts receivable, and payment processing are streamlined. Intelligent applications and automation are available. Fleet solutions include procurement, financing, analytics, and remarketing.
- Website
- corcentric.com
- Social
- Registered Address
- Cherry Hill,New Jersey
Key Metrics
Founded Year
1998
Location
Mclean, United States
Stage
Public
Total Funding
$81.2M in 4 rounds
Latest Funding Round
Investors
Ranked
17th among 732 active competitors
Employee Count
579 as on Apr 30, 2026
Exit Details
Public
Legal entities associated with Corcentric
Corcentric is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CORCENTRIC, INC. CIN: 1639611 , United States, Active | Jun 30, 2015 | $25M - $100M (As on May 25, 2018) | 501 (As on Dec 31, 2023) | - |
NORTH MOUNTAIN MERGER CORP. CIN: 1819157 , United States, Active | Jul 13, 2020 | - | - | - |
AMERIQUEST BUSINESS SERVICES CIN: 223534008 , United States, Active | Dec 31, 1999 | - | 491 (As on Dec 31, 2024) | - |
Corcentric's IPO details
Corcentric got listed on Nov 18, 2020.
Click here to take a look at Corcentric's IPO in detail
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Corcentric's funding and investors
Corcentric has raised a total funding of $81.2M over 4 rounds. Its first funding round was on Dec 2012. Its latest funding round was a Series B round on May 01, 2020 for $*****. 1 investor participated in its latest round. Corcentric has 5 institutional investors.
Here is the list of recent funding rounds of Corcentric:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 01, 2020 | 1186401 | Series B | 4224539 | 4111172 | 8123109 | 7519563 |
Nov 15, 2018 | 8167404 | Conventional Debt | 9636238 | 6844031 | 1616272 | |
May 25, 2018 | 2463690 | Series A | 7094517 | 6863263 | 9280294 | 9600469 |
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Corcentric's founders and board of directors
Founder? Claim ProfileThe founders of Corcentric is Doug Clark. Doug Clark is the CEO of Corcentric.
Here are the details of Corcentric's key team members:
- Doug Clark: Founder, President, and CEO of Corcentric.
View details of Corcentric's Founder profiles and Board Members
Corcentric's employee count trend
Corcentric has 579 employees as of Apr 26. Here is Corcentric's employee count trend over the years:
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Corcentric's Competitors and alternates
Top competitors of Corcentric include Coupa, Bizongo and Concur. Here is the list of Top 10 competitors of Corcentric, ranked by Tracxn score:
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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 | 87/100 | |
2nd | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | $307M | 77/100 | ||
3rd | Concur 1988, Bellevue (United States), Acquired | Provider of travel, expense, and invoice management solutions for businesses | - | 75/100 | |
4th |  Tipalti 2010, Foster City (United States), Series F | Cloud-based procurement and invoice management solutions for businesses | $553M | 73/100 | |
5th | GEP 1999, Clark (United States), Unfunded | Cloud-based procurement-to-pay solutions | - | - | 69/100 |
6th | SaaS-enabled end-to-end spend management software | $82.5M | 69/100 | ||
7th |  Vertice 2021, London (United Kingdom), Series C | AI-powered platform for modern finance and procurement teams | $101M | 68/100 | |
8th |  Zylo 2015, Indianapolis (United States), Series C | Platform offering SaaS applications management solutions | $72.5M | 68/100 | |
9th | Provider of spend management and digital commerce platform for enterprises | $6.55M | 67/100 | ||
10th | Proactis 1996, Wetherby (United Kingdom), Acquired | Provider of cloud-based spend management and e-procurement software | - | 67/100 | |
17th | Corcentric 1998, Mclean (United States), Public | Provider of source-to-pay, order-to-cash, and fleet management business solutions | $81.2M | 62/100 |
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Corcentric's Investments and acquisitions
Corcentric has not made any investments yet. Corcentric has made 5 acquisitions.Here is the list of latest three $acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Feb 16, 2021 | Acquisition | 2007 | Omaha (United States) | |
Feb 12, 2019 | Acquisition | 1994 | London (United Kingdom) | |
Feb 11, 2019 | Acquisition | 1996 | San Mateo (United States) |
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Reports related to Corcentric
Here is the latest report on Corcentric's sector:
News related to Corcentric
Filter this listMedia has covered Corcentric for a total of 5 events in the last 1 year, 3 of them have been about partnerships and 1 about company updates.
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Corcentric Expands Procurement Ecosystem with Unite's European MarketplaceGlobeNewswire•Feb 05, 2026•Unite, Corcentric
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Corcentric Partners with Workato to Expand Integration AccessibilityGlobeNewswire•Feb 03, 2026•Workato, Corcentric
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Corcentric and Avalara Partner to Power Global E-Invoicing ComplianceGlobeNewswire•Oct 30, 2025•Corcentric, Avalara
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Corcentric Accelerates Intelligent AP Automation DeploymentGlobal Fintech Series•May 20, 2025•Corcentric
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Anjac Health & Beauty Group Chooses Corcentric To Digitalize Its Source-to-contract ProcessGlobeNewswire•Feb 26, 2025•Anjac, Corcentric
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Corcentric Launches Enhanced International Tax Management Engine for Accounts Payable CustomersGlobal Fintech Series•Jan 14, 2025•Corcentric
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