When was Procurify founded?

Procurify was founded in 2012 and raised its 1st funding round within a year of its incorporation.

Where is Procurify located?

Procurify is headquartered in Vancouver, Canada.

How many employees does Procurify have?

As of May 31, 2026, the latest employee count at Procurify is 169.

Is Procurify a funded company?

Procurify is a funded company, having raised a total of $82.5M across 9 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 20, 2012.

When was the latest funding round of Procurify?

Procurify's latest funding was a $***** Venture Debt round on Nov 04, 2024, with participation from 1 investor.

Where does Procurify rank among its competitors?

Procurify ranks 8th amongst 843 active competitors, of which 138 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Zaggle, which secured $1.65M in Dec, 2025.

Who are the top competitors of Procurify?

Procurify's top competitors include Coupa, Zaggle and Bizongo. Among them, Zaggle secured the most recent funding round in December, 2025.

Procurify - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of procurement software for managing organizational spend and workflows. This platform automates the full purchasing lifecycle, including intake, approval routing, purchase order generation, invoice matching, and payment processing. It integrates with financial systems to provide real-time visibility into expenditures and budget tracking. The software utilizes automated agents to draft requests, code invoices, and perform three-way matching based on organizational data. Finance and operations teams use these tools to enforce spending policies, maintain audit trails, and reduce manual administrative tasks throughout the procurement process.

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

Venture Debt, Nov 04, 2024, $*****

Investors

Nexus Venture Partners & 23 more

Ranked

8^th among 843 active competitors

Employee Count

169 as on May 31, 2026

Similar Companies

Coupa & 608 more

View Procurify's full profile

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 04, 2024	3370214	Venture Debt	9899069	7412932	1854121	4994437
Oct 17, 2023	1032499	Series C	8940255	3614358	1670975	Export Development Canada & 2 more
2022	8240	Venture Debt	4240	9439	9492	Espresso Capital

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View details of Procurify's funding rounds and investors

The founders of Procurify are Kenneth Loi and Aman Mann. Chad Gaydos is the CEO of Procurify.

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 169 employees as of May 26. Here is Procurify's employee count trend over the years:

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Top competitors of Procurify include Coupa, Zaggle and Bizongo. Here is the list of Top 10 competitors of Procurify, 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	83/100
3rd	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Accel, AddVentures & 30 others	77/100
4th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	RRE Ventures, American Express & 7 others	75/100
5th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, G Squared & 23 others	73/100
6th	Airbase 2017, San Francisco (United States), Acquired	Provider of a platform integrating human resources, finance, and information technology	$91M	Menlo Ventures, First Round Capital & 21 others	72/100
7th	GEP 1999, Clark (United States), Unfunded	Cloud-based procurement-to-pay solutions	-	-	69/100
8th	Procurify 2012, Vancouver (Canada), Series C	Developer of procurement software for managing organizational spend and workflows	$82.5M	HarbourVest Partners, Information Venture Partners ... & 22 others	69/100
9th	Vertice 2021, London (United Kingdom), Series C	AI-powered platform for modern finance and procurement teams	$101M	83NORTH, Bessemer Venture Partners & 10 others	68/100
10th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, Menlo Ventures & 16 others	68/100