When was Procol Tech founded?

Procol Tech was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is Procol Tech located?

Procol Tech is headquartered in New York, United States.

Who is the current CEO of Procol Tech?

Gaurav Baheti of Procol Tech. They have also founded 2 companies.

How many employees does Procol Tech have?

As of May 31, 2026, the latest employee count at Procol Tech is 137.

Is Procol Tech a funded company?

Procol Tech is a funded company, having raised a total of $11.2M across 4 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on 2018.

How much is Procol Tech worth?

The latest valuation of Procol Tech is $***** as of Jun 17, 2022.

When was the latest funding round of Procol Tech?

Procol Tech's latest funding was a $***** Series A round on Jun 17, 2022, with participation from 30 investors.

What is the annual revenue of Procol Tech?

Annual revenue of Procol Tech is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Procol Tech rank among its competitors?

Procol Tech ranks 10th amongst 501 active competitors, of which 75 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Aerchain, which secured an undisclosed amount in Aug, 2026.

Who are the top competitors of Procol Tech?

Procol Tech's top competitors include Taulia, Omnea and Mynd Fintech. Among them, Aerchain secured the most recent funding round in August, 2026.

Procol Tech - 2026 Company Profile, Team, Funding, Competitors & Financials

Procol Tech is a series A company based in New York (United States), founded in 2018 by Gaurav Baheti. It operates as a Provider of AI procurement software for enterprise procurement management solutions. Procol Tech has raised $11.2M in funding from investors like GMO Venture Partners, Blume Venture and Surge, with a current valuation of $*****. The company has 501 active competitors, including 75 funded and 43 that have exited. Its top competitors include companies like Taulia, Omnea and Mynd Fintech.

Company Details

Provider of AI procurement software for enterprise procurement management solutions. The platform automates procurement processes, streamlines sourcing, and strengthens supplier relationships. It offers features such as e-auctions, vendor onboarding, and spend analytics. The software aims to provide spend visibility and control across the procurement lifecycle.

Website: www.procol.ai/
Social
Phone Number: +1 **********

Key Metrics

Founded Year

2018

Location

New York, United States

Stage

Series A

Total Funding

$11.2M in 4 rounds

Latest Funding Round

Series A, Jun 17, 2022, $*****

Post Money Valuation

$***** as on Jun 17, 2022

Investors

GMO Venture Partners & 33 more

Ranked

10^th among 501 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

137 as on May 31, 2026

Similar Companies

Omnea & 569 more

View Procol Tech's full profile

Procol Tech is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PROCOL TECH PRIVATE LIMITED CIN: U72900DL2018PTC340246 , India, Active	Oct 08, 2018	₹10 - ₹50 Cr (As on Mar 31, 2025)	137 (As on May 01, 2026)

Procol Tech has raised a total funding of $11.2M over 4 rounds. Its first funding round was on 2018. Its latest funding round was a Series A round on Jun 17, 2022 for $*****. 30 investors participated in its latest round. Procol Tech has 22 institutional investors and 12 angel investors.

Here is the list of recent funding rounds of Procol Tech:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 17, 2022	6096279	Series A	5317707	4425919	9167410	4052577
Apr 13, 2020	2912823	Series A	3648968	1011776	4960998	Beenext & 1 more
Jul 11, 2019	2632462	Seed	8784647	3265875	Blume Venture	Rainmatter

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View details of Procol Tech's funding rounds and investors

The founders of Procol Tech is Gaurav Baheti. Gaurav Baheti is the CEO of Procol Tech.

Here are the details of Procol Tech's key team members:

Gaurav Baheti: Founder & CEO of Procol Tech and founder of 1 other company.
Contact Info: 1 email address

Procol Tech's Board of Directors

Procol Tech's board has 2 active members. Sumit Kumar and Gaurav Baheti are part of team.

Here is the list of Procol Tech's board of directors:

Name	Type	Representing	Status	Duration
Sumit Kumar	Team	-	Current	8y 0m
Gaurav Baheti	Team	-	Current	8y 0m

View details of Procol Tech's Founder profiles and Board Members

Procol Tech's employee count trend

Procol Tech has 137 employees as of May 26. The total employee count is 54.0% more than what it was in May 25. Here is Procol Tech's employee count trend over the years:

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Top competitors of Procol Tech include Taulia, Omnea and Mynd Fintech. Here is the list of Top 10 competitors of Procol Tech, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Taulia 2009, San Francisco (United States), Acquired	AI-based electronic invoicing and supply chain management solution for businesses	$220M	Trinity Ventures, Zouk Capital & 26 others	69/100
2nd	Omnea 2022, London (United Kingdom), Series B	Provider of web-enabled procurement orchestration solutions for the supply chain	$98.6M	Khosla Ventures, Accel & 16 others	65/100
3rd	Mynd Fintech 2002, Gurugram (India), Series A	Online marketplace for supply chain financing	$16.3M	SIDBI Venture Capital, Mayfield & 3 others	64/100
4th	Isometric Technologies 2014, San Francisco (United States), Series A	Provider of a SaaS-based collaborative performance management platform	$18M	Kindred Ventures, Blackhorn Ventures & 16 others	63/100
5th	PayEm 2019, San Francisco (United States), Series A	SaaS-based expense management solutions for corporate organisations	$47M	NFX, Pitango & 7 others	62/100
6th	Aerchain 2016, Bengaluru (India), Series A	AI and cloud-enabled end-to-end procurement management solutions	$17M	Telama Investments, IndiaMART & 10 others	61/100
7th	Arkestro 2017, San Francisco (United States), Series A	AI-powered procurement platform to optimize buying decisions for enterprises	$78M	Koch Disruptive Technologies, Cervin Ventures ... & 19 others	60/100
8th	CredAble 2017, Mumbai (India), Series B	Provider of working capital solutions and supply chain finance programs	$49.2M	Equentia Natural Resources, Axis Bank & 139 others	59/100
9th	Olea 2003, Singapore (Singapore), Series A	Provider of digital trade finance platform connecting businesses with investors	$30M	BBVA, SC Ventures & 2 others	59/100
10th	Procol Tech 2018, New York (United States), Series A	Provider of AI procurement software for enterprise procurement management solutions	$11.2M	Peak XV Partners, Mars Shot Ventures & 32 others	63/100