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 Aug 31, 2026, the latest employee count at Procuros is 60.

Is Procuros a funded company?

Procuros is a funded company, having raised a total of $31.4M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 12, 2022.

When was the latest funding round of Procuros?

Procuros' latest funding was a $***** Series A round on Oct 06, 2026, with participation from 4 investors.

Where does Procuros rank among its competitors?

Procuros ranks 108th amongst 742 active competitors, of which 107 are funded. It stands 9th 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, Concur and Tipalti. Among them, Procuros secured the most recent funding round in October, 2026.

Procuros - 2026 Company Profile, Team, Funding & Competitors

Company Details

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

Key Metrics

Founded Year

2021

Location

Hamburg, Germany

Stage

Series A

Total Funding

$31.4M in 2 rounds

Latest Funding Round

Series A, Oct 06, 2026, $*****

Investors

Creandum & 12 more

Ranked

108^th among 742 active competitors

Employee Count

60 as on Aug 31, 2026

Similar Companies

Coupa & 442 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: K1101_HRB169672 , Germany, Active	Jun 28, 2021	-	-
Procuros GmbH CIN: HRB169672 , Germany, Active	Jun 27, 2021	-	15 (As on Dec 31, 2023)

Procuros has raised a total funding of $31.4M over 2 rounds. Its first funding round was on Apr 12, 2022. Its latest funding round was a Series A round on Oct 06, 2026 for $*****. 4 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
Oct 06, 2026	2594924	Series A	4160141	4503128	5476015	7710699
Apr 12, 2022	2828596	Seed	3829513	9891339	Point Nine & 1 more	Thijn Lamers & 4 more

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View details of Procuros's funding rounds and investors

The founders of Procuros is Patrick Thelen. Patrick Thelen and Patrick Thelen are the CEOs of Procuros.

Here are the details of Procuros' key team members:

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 60 employees as of Aug 26. Here is Procuros's employee count trend over the years:

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Top competitors of Procuros include Coupa, Concur and Tipalti. 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, T. Rowe Price & 18 others	87/100
2nd	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	RRE Ventures, American Express & 8 others	75/100
3rd	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
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	Vertice 2021, London (United Kingdom), Series C	AI-powered platform for modern finance and procurement teams	$101M	Bessemer Venture Partners, 83NORTH & 10 others	68/100
8th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, Bessemer Venture Partners & 16 others	68/100
9th	Zip 2020, San Francisco (United States), Series D	Provider of a platform for procurement orchestration, intake, and spend management	$358M	Y Combinator, Bond Capital & 10 others	65/100
10th	PayEm 2019, San Francisco (United States), Series A	SaaS-based expense management solutions for corporate organisations	$47M	NFX, Pitango & 6 others	64/100
108th	Procuros 2021, Hamburg (Germany), Series A	Provider of ERP development services	$31.4M	Creandum, SquareOne & 11 others	39/100