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 Sep 30, 2026, the latest employee count at Procuros is 63.

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 6 investors.

Where does Procuros rank among its competitors?

Procuros ranks 26th amongst 712 active competitors, of which 89 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Procuros, which secured $22.4M in Oct, 2026.

Who are the top competitors of Procuros?

Procuros' top competitors include Coupa, Concur and Procurify. 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 & 15 more

Ranked

26^th among 712 active competitors

Employee Count

63 as on Sep 30, 2026

Similar Companies

Coupa & 391 more

View Procuros' full profile

Procuros is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
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 $*****. 6 investors participated in its latest round. Procuros has 10 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	3764914	Series A	8415144	9144975	8879875	2558492
Apr 12, 2022	2719317	Seed	8603097	2906812	Point Nine & 1 more	Thijn Lamers & 4 more

Access funding benchmarks and valuations. Sign up today!

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 and founder of 1 other company.
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 63 employees as of Sep 26. Here is Procuros's employee count trend over the years:

Uncover Procuros' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Procuros include Coupa, Concur and Procurify. 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 & 19 others	86/100
2nd	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	Redpoint Ventures, RRE Ventures & 8 others	75/100
3rd	Procurify 2012, Vancouver (Canada), Series C	Developer of procurement software for managing organizational spend and workflows	$82.5M	Information Venture Partners, Nexus Venture Partners ... & 22 others	73/100
4th	Vertice 2021, London (United Kingdom), Series C	AI-powered platform for modern finance and procurement teams	$101M	83NORTH, Bessemer Venture Partners & 10 others	71/100
5th	GEP 1999, Clark (United States), Unfunded	Cloud-based procurement-to-pay solutions	-	-	69/100
6th	SAP Ariba 1996, Palo Alto (United States), Acquired	E-procurement, invoicing, and B2B collaboration software for businesses	-	Intel, TCV & 5 others	69/100
7th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, MassMutual Ventures & 16 others	68/100
8th	Omnea 2022, London (United Kingdom), Series B	Provider of web-enabled procurement orchestration solutions for the supply chain	$98.6M	Khosla Ventures, Accel & 16 others	65/100
9th	PayEm 2019, San Francisco (United States), Series A	SaaS-based expense management solutions for corporate organisations	$47M	NFX, Pitango & 7 others	65/100
10th	Teampay 2016, New York City (United States), Acquired	Provider of spend management platform automating accounts payable and purchasing processes	$65M	Fin Capital, Tribe Capital & 26 others	63/100
26th	Procuros 2021, Hamburg (Germany), Series A	Provider of ERP development services	$31.4M	SquareOne, b2venture & 14 others	55/100