When was Purchasing Platform founded?

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

Where is Purchasing Platform located?

Purchasing Platform is headquartered in Chicago, United States.

Who is the current CEO of Purchasing Platform?

Dave Bowen of Purchasing Platform.

How many employees does Purchasing Platform have?

As of Apr 30, 2026, the latest employee count at Purchasing Platform is 27.

Is Purchasing Platform a funded company?

Purchasing Platform is a funded company, having raised a total of $12.7M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 22, 2012.

When was the latest funding round of Purchasing Platform?

Purchasing Platform's latest funding was a $***** Series B round on Nov 04, 2022, with participation from 0 investor.

Where does Purchasing Platform rank among its competitors?

Purchasing Platform ranks 6th amongst 65 active competitors, of which 14 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was FoodMaven, which secured $535K in May, 2025.

Who are the top competitors of Purchasing Platform?

Purchasing Platform's top competitors include Bizongo, SmartEquip and Procol. Among them, FoodMaven secured the most recent funding round in May, 2025.

Purchasing Platform - 2026 Company Profile, Team, Funding & Competitors

Purchasing Platform is a series B company based in Chicago (United States), founded in 2012 by Peter Hepner. It operates as a Provider of software suite solutions for businesses. Purchasing Platform has raised $12.7M in funding from Method Capital. The company has 65 active competitors, including 14 funded and 5 that have exited. Its top competitors include companies like Bizongo, SmartEquip and Procol.

Company Details

Provider of software suite solutions for businesses. The platform provides solutions like asset management, regional management, design and branding, and more. The platform claims it simplifies vendor management and project management.

Website: home.purchasingplatform.com/
Social
Email ID: *****@purchasingplatform.com
Phone Number: +1 **********

Key Metrics

Founded Year

2012

Location

Chicago, United States

Stage

Series B

Total Funding

$12.7M in 6 rounds

Latest Funding Round

Series B, Nov 04, 2022, $*****

Investors

Method Capital & 6 more

Ranked

6^th among 65 active competitors

Employee Count

27 as on Apr 30, 2026

Similar Companies

Bizongo & 69 more

View Purchasing Platform's full profile

Purchasing Platform has raised a total funding of $12.7M over 6 rounds. Its first funding round was on Apr 22, 2012. Purchasing Platform has 7 institutional investors.

Here is the list of recent funding rounds of Purchasing Platform:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 04, 2022	3053157	Series B	3467617	5006613	8063759	3233741
Oct 11, 2019	4632047	Series A	7139913	7696286	3627610	Participate Capital & 1 more
Dec 30, 2016	8520798	Seed	2641519	8944233	8804291	2247075

Access funding benchmarks and valuations. Sign up today!

View details of Purchasing Platform's funding rounds and investors

The founders of Purchasing Platform is Peter Hepner. Dave Bowen is the CEO of Purchasing Platform.

Here are the details of Purchasing Platform's key team members:

Peter Hepner: Founder, Advisor of Purchasing Platform.
Dave Bowen: CEO of Purchasing Platform.
Contact Info: 1 email address

View details of Purchasing Platform's Founder profiles and Board Members

Purchasing Platform's employee count trend

Purchasing Platform has 27 employees as of Apr 26. Here is Purchasing Platform's employee count trend over the years:

Employee count trend for Purchasing Platform

Uncover Purchasing Platform's 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 Purchasing Platform include Bizongo, SmartEquip and Procol. Here is the list of Top 10 competitors of Purchasing Platform, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Schroders Capital, Accel & 30 others	77/100
2nd	SmartEquip 2000, Norwalk (United States), Acquired	SaaS-based solution for manufacturers to access industrial parts	$34.8M	Breton Capital Ventures, Legacy Capital Ventures ... & 3 others	65/100
3rd	Procol 2018, Delhi (India), Series A	AI-based platform automating procurement processes	$11.2M	GMO Venture Partners, Surge & 31 others	56/100
4th	Lhotse 2020, Berlin (Germany), Seed	Provider of AI-driven solutions that refine and streamline procurement processes	$5.91M	SquareOne, Cavalry Ventures & 8 others	46/100
5th	FoodMaven 2015, Denver (United States), Series B	Provider of AI-based procurement software solutions	$45.2M	Tao Capital Partners, Fine Line Group & 9 others	43/100
6th	Purchasing Platform 2012, Chicago (United States), Series B	Provider of software suite solutions for businesses	$12.7M	DNS Capital, KDWC Ventures & 5 others	41/100
7th	Indoproc 2015, Jakarta (Indonesia), Public	Provider of SaaS-based cloud-driven e-procurement solution for suppliers	-	Golden Gate Ventures, Skystar Capital & 2 others	36/100
8th	Klarys 2015, Rennes (France), Series A	AI-powered e‑procurement tools tailored for fresh food supply chain	$10.1M	Piton Capital, Polytech Ventures & 8 others	35/100
9th	Mercado Eletrônico 1994, Sao Paulo (Brazil), Late Stage	e-Procurement, e-Sourcing, and private and public eMarketplace solutions	-	Spectra Investments, GP Investments & 1 others	34/100
10th	VORTAL 2000, Lisbon (Portugal), Acquired	Provider of procurement solutions for enterprises	-	Armilar Venture Partners, Pathena & 2 others	34/100