Procurify - About the company
Procurify is a series C company based in Vancouver (Canada), founded in 2012 by Kenneth Loi and Aman Mann. It operates as a SaaS-enabled end-to-end spend management software. Procurify has raised $82.5M in funding from investors like Nexus Venture Partners, GrowLab and BDC. The company has 482 active competitors, including 96 funded and 79 that have exited. Its top competitors include companies like Coupa, Bizongo and Concur.
Company Details
SaaS-enabled end-to-end spend management software. It is a SaaS-based purchasing software to automate and streamline procure-to-pay operations. The solution serves as a platform to streamline procurement operations, track procurement spending, and increase visibility throughout the procure-to-pay process. Features include approval management, real-time budget tracking, expense management, vendor management, spend analytics, and reporting. Its app is available for Android users.
- Website
- procurify.com
- Social
- Email ID
- *****@procurify.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2012
Location
Vancouver, Canada
Stage
Series C
Total Funding
$82.5M in 9 rounds
Latest Funding Round
Investors
Ranked
7th among 482 active competitors
Employee Count
166 as on Apr 30, 2026
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Procurify's funding and investors
Procurify has raised a total funding of $82.5M over 9 rounds. Its first funding round was on Nov 20, 2012. Its latest funding round was a Venture Debt round on Nov 04, 2024 for $*****. 1 investor participated in its latest round. Procurify has 20 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of Procurify:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 04, 2024 | 1965920 | Venture Debt | 8416312 | 2834773 | 6580935 | 4300470 |
Oct 17, 2023 | 9625101 | Series C | 2985362 | 2414120 | 8233990 | |
2022 | 5994 | Venture Debt | 4901 | 1200 | 3200 |
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Procurify's founders and board of directors
Founder? Claim ProfileThe founders of Procurify are Kenneth Loi and Aman Mann.
Here are the details of Procurify's key team members:
- Kenneth Loi: Co-Founder of Procurify.
- Aman Mann: Co-Founder & CSO of Procurify.
View details of Procurify's Founder profiles and Board Members
Procurify's employee count trend
Procurify has 166 employees as of Apr 26. Here is Procurify's employee count trend over the years:
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Procurify's Competitors and alternates
Top competitors of Procurify include Coupa, Bizongo and Concur. Here is the list of Top 10 competitors of Procurify, 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 | Provider of spend management platform automating expense claims and invoice processing | $304M | 74/100 | ||
5th |  Tipalti 2010, Foster City (United States), Series F | Cloud-based procurement and invoice management solutions for businesses | $553M | 73/100 | |
6th | Airbase 2017, San Francisco (United States), Acquired | Provider of a platform integrating human resources, finance, and information technology | $91M | 73/100 | |
7th | SaaS-enabled end-to-end spend management software | $82.5M | 69/100 | ||
8th | Provider of spend management and digital commerce platform for enterprises | $6.55M | 67/100 | ||
9th | GEP 1999, Clark (United States), Unfunded | Cloud-based procurement-to-pay solutions | - | - | 67/100 |
10th |  Zip 2020, San Francisco (United States), Series D | Provider of a platform for procurement orchestration, intake, and spend management | $358M | 65/100 |
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Procurify's Investments and acquisitions
Procurify has made no investments or acquisitions yet.
Reports related to Procurify
Here is the latest report on Procurify's sector:
News related to Procurify
Filter this listMedia has covered Procurify for a total of 4 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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Procurify Convenes Global Leaders For Its First-Ever AI Procurement EventMarTech Series•Oct 07, 2025•Procurify
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Procurify Appoints Jonathan Su as Chief Product & Technology Officer to Accelerate AI InnovationGlobal Fintech Series•Sep 02, 2025•Procurify, US Bank
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Procurify Launches All-New AP Automation Solution to Empower Customers with AI-Driven, End-to-End Financial ControlGlobal Fintech Series•Oct 31, 2024•Procurify
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