When was Procuros founded?

Procuros was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Procuros located?

Procuros is headquartered in Hamburg, Germany.

Who is the current CEO of Procuros?

Patrick Thelen of Procuros. They have also founded 1 company.

Which legal entities is Procuros associated with?

Procuros is associated with Procuros GmbH and 1 other.

How many employees does Procuros have?

As of May 31, 2026, the latest employee count at Procuros is 48.

Is Procuros a funded company?

Procuros is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Apr 12, 2022.

When was the latest funding round of Procuros?

Procuros' latest funding was a $***** Seed round on Apr 12, 2022, with participation from 7 investors. Its primary sector is Finance & Accounting Tech. Globally, the Finance & Accounting Tech sector has seen $3.23B in funding in 2026 to date.

Where does Procuros rank among its competitors?

Procuros ranks 111th amongst 705 active competitors, of which 108 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Tipalti, which secured $200M in Sep, 2025.

Who are the top competitors of Procuros?

Procuros' top competitors include Coupa, Bizongo and Concur. Among them, Tipalti secured the most recent funding round in September, 2025.

Procuros - 2026 Company Profile, Team, Funding & Competitors

Procuros is a seed company based in Hamburg (Germany), founded in 2021 by Benjamin Wulff and Patrick Thelen. It operates as a Provider of ERP development services. Procuros has raised $9M in funding from Creandum and Point Nine. The company has 705 active competitors, including 108 funded and 71 that have exited. Its top competitors include companies like Coupa, Bizongo and Concur.

Company Details

Website: procuros.io
Email ID: *****@procuros.de
Phone Number: +49 **********

Key Metrics

Founded Year

2021

Location

Hamburg, Germany

Stage

Seed

Total Funding

$9M in 1 round

Latest Funding Round

Seed, Apr 12, 2022, $*****

Investors

Creandum & 12 more

Ranked

111^th among 705 active competitors

Employee Count

48 as on May 31, 2026

Similar Companies

Coupa & 425 more

View Procuros' full profile

Procuros is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Procuros GmbH CIN: HRB169672 , Germany, Active	Jun 27, 2021	-	15 (As on Dec 31, 2023)
Procuros GmbH CIN: K1101_HRB169672 , Germany, Active	Jun 28, 2021	-	-

Procuros has raised a total funding of $9M over 1 round. Its latest funding round was a Seed round on Apr 12, 2022 for $*****. 7 investors participated in its latest round. Procuros has 7 institutional investors and 6 angel investors.

Here is the list of recent funding rounds of Procuros:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 12, 2022	5757966	Seed	2174349	3353322	4019397	2843211

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View details of Procuros's funding rounds and investors

The founders of Procuros are Benjamin Wulff and Patrick Thelen. Patrick Thelen and Patrick Thelen are the CEOs of Procuros.

Here are the details of Procuros' key team members:

Benjamin Wulff: Co-Founder & CTO of Procuros.
Patrick Thelen: Co-Founder & CEO of Procuros.
Contact Info: 1 email address

View details of Procuros's Founder profiles and Board Members

Procuros' employee count trend

Procuros has 48 employees as of May 26. Here is Procuros's employee count trend over the years:

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Top competitors of Procuros include Coupa, Bizongo and Concur. Here is the list of Top 10 competitors of Procuros, 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, Crosslink Capital & 18 others	87/100
2nd	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Schroders Capital, AddVentures & 30 others	77/100
3rd	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	American Express, IVP & 7 others	75/100
4th	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
5th	GEP 1999, Clark (United States), Unfunded	Cloud-based procurement-to-pay solutions	-	-	68/100
6th	Procurify 2012, Vancouver (Canada), Series C	SaaS-enabled end-to-end spend management software	$82.5M	Information Venture Partners, Ten Coves Capital ... & 22 others	68/100
7th	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
8th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, Menlo Ventures & 16 others	68/100
9th	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	67/100
10th	Proactis 1996, Wetherby (United Kingdom), Acquired	Provider of cloud-based spend management and e-procurement software	-	Eiffel Investment Group, HSBC & 2 others	67/100
111th	Procuros 2021, Hamburg (Germany), Seed	Provider of ERP development services	$9M	b2venture, SquareOne & 11 others	36/100