When was Procoto founded?

Procoto was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Procoto located?

Procoto is headquartered in Atlanta, United States.

How many employees does Procoto have?

As of Dec 31, 2022, Procoto has 4 employees, reflecting a 100% year-over-year growth in headcount.

Is Procoto a funded company?

Procoto is a funded company, having raised a total of $125K across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 15, 2021.

When was the latest funding round of Procoto?

Procoto's latest funding was a $***** Seed round on Jul 07, 2021, with participation from 1 investor. Its primary sector is SCM Software. In United States, the SCM Software sector has seen $561M in funding in 2026 to date.

Where does Procoto rank among its competitors?

Procoto ranks 50th amongst 233 active competitors, of which 42 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was SkySelect, which secured $9M in Mar, 2026.

Who are the top competitors of Procoto?

Procoto's top competitors include Coupa, Zaggle and Airbase. Among them, SkySelect secured the most recent funding round in March, 2026.

Procoto - 2026 Company Profile, Team, Funding & Competitors

Procoto is a seed company based in Atlanta (United States), founded in 2020 by Ryan Muckel. It operates as a Provider of a spend management solution. Procoto has raised $125K in funding from Y Combinator and Tampa Bay Ventures. The company has 233 active competitors, including 42 funded and 47 that have exited. Its top competitors include companies like Coupa, Zaggle and Airbase.

Company Details

Provider of a spend management solution. The solution helps in managing procurement challenges, operational expense, sourcing process, automating purchase, contract, & vendor data. It provides services like sourcing status, contract management, RFP management, vendor relationship optimization, and many more.

Website: procoto.com
Social
Email ID: *****@procoto.com
Phone Number: +1 **********

Key Metrics

Founded Year

2020

Location

Atlanta, United States

Stage

Seed

Total Funding

$125K in 2 rounds

Latest Funding Round

Seed, Jul 07, 2021, $*****

Investors

Y Combinator & 1 more

Ranked

50^th among 233 active competitors

Employee Count

4 as on Dec 31, 2022

Similar Companies

Coupa & 284 more

View Procoto's full profile

Procoto is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PROCOTO, INC. CIN: 844739485 , United States, Active	Dec 31, 1999	-	1 (As on Dec 31, 2023)	-

Procoto has raised a total funding of $125K over 2 rounds. Its first funding round was on Mar 15, 2021. Its latest funding round was a Seed round on Jul 07, 2021 for $*****. 1 investor participated in its latest round. Procoto has 2 institutional investors.

Here is the list of recent funding rounds of Procoto:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 07, 2021	4188661	Seed	6020687	4631384	2750500	7623551
Mar 15, 2021	1547368	Seed	9914005	5626019	Y Combinator	2220008

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View details of Procoto's funding rounds and investors

The founders of Procoto is Ryan Muckel.

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

Ryan Muckel: Co - Founder of Procoto.

View details of Procoto's Founder profiles and Board Members

Procoto's employee count trend

Procoto has 4 employees as of Dec 22. The total employee count is 100.0% more than what it was in Dec 21. Here is Procoto's employee count trend over the years:

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Top competitors of Procoto include Coupa, Zaggle and Airbase. Here is the list of Top 10 competitors of Procoto, 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	Meritech, T. Rowe Price & 18 others	87/100
2nd	Zaggle 2011, Mumbai (India), Public	Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows	$13.7M	Mavericks, Bengal Finance and Investment ... & 33 others	80/100
3rd	Airbase 2017, San Francisco (United States), Acquired	Provider of a platform integrating human resources, finance, and information technology	$91M	Bain Capital Ventures, First Round Capital ... & 22 others	71/100
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	69/100
5th	GEP 1999, Clark (United States), Unfunded	Cloud-based procurement-to-pay solutions	-	-	69/100
6th	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Accel, Schroders Capital & 30 others	68/100
7th	SkySelect 2011, San Francisco (United States), Series A	Provider of an AI-powered platform for aircraft parts procurement and sourcing	$9M	The Rock Creek Group, Verb Ventures & 12 others	64/100
8th	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	64/100
9th	Ivalua 2000, Redwood City (United States), Series B	Provider of cloud-based platform for spend, procurement, and supplier management	$134M	Tiger Global Management, KKR & 8 others	62/100
10th	Proactis 1996, Wetherby (United Kingdom), Acquired	Provider of cloud-based spend management and e-procurement software	-	Eiffel Investment Group, HSBC & 2 others	62/100
50th	Procoto 2020, Atlanta (United States), Seed	Provider of a spend management solution	$125K	Y Combinator, Tampa Bay Ventures	37/100