When was SOVRA founded?

SOVRA was founded in 1996 and raised its 1st funding round 28 years after it was founded.

Where is SOVRA located?

SOVRA is headquartered in Latham, United States.

How many employees does SOVRA have?

As of Aug 31, 2026, the latest employee count at SOVRA is 564.

Is SOVRA a funded company?

SOVRA is a funded company, having raised a total of $***** in its 1st and only funding round, a Unattributed round on 2024.

When was the latest funding round of SOVRA?

SOVRA's latest funding was a $***** Unattributed round on 2024, with participation from 1 investor. Its primary sector is GovTech. In United States, the GovTech sector has seen $504M in funding in 2026 to date.

Where does SOVRA rank among its competitors?

SOVRA ranks 5th amongst 81 active competitors, of which 6 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Cato, which secured $6.97M in Sep, 2026.

Who are the top competitors of SOVRA?

SOVRA's top competitors include CobbleStone Software, Stotles and VendorPanel. Among them, Cato secured the most recent funding round in September, 2026.

SOVRA - 2026 Company Profile, Funding & Competitors

Company Details

Platform providing procurement management solutions. The platform provides source to contract procurement solutions for government agencies. It provide a central contract repository and enables users to create solicitation documents, prequalifying vendors to managing vendor performance and effortlessly handling contract documents.

Key Metrics

Founded Year

1996

Location

Latham, United States

Stage

Funding Raised

Latest Funding Round

Unattributed, 2024, $*****

Investors

KKR

Ranked

5^th among 81 active competitors

Employee Count

564 as on Aug 31, 2026

Investment & Acquisitions

Edilex & 1 more

Similar Companies

CobbleStone Software & 85 more

View SOVRA's full profile

SOVRA has raised funding over 1 round. Its latest funding round was a Unattributed round on 2024 for $*****. 1 investor participated in its latest round. SOVRA has 1 institutional investor.

Here is the list of recent funding rounds of SOVRA:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2024	5492	Unattributed	1143	4686	1347	8291

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View details of SOVRA's funding rounds and investors

SOVRA's employee count trend

SOVRA has 564 employees as of Aug 26. Here is SOVRA's employee count trend over the years:

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Top competitors of SOVRA include CobbleStone Software, Stotles and VendorPanel. Here is the list of Top 10 competitors of SOVRA, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CobbleStone Software 1995, Princeton (United States), Unfunded	Provider of contract lifecycle management, vendor management, and e-procurement software	-	-	51/100
2nd	Stotles 2019, London (United Kingdom), Series A	Cloud-based platform for procurement management	$21.6M	Seedcamp, Speedinvest & 14 others	47/100
3rd	VendorPanel 2008, Melbourne (Australia), Series B	SaaS-based source-to-contract platform for government, utilities and corporates	$5.05M	EVP, Five V Capital & 10 others	41/100
4th	Onvia 1996, Seattle (United States), Acquired	Deltek: Project-based business software solutions for government contractors and professional services	$42M	Actua, Comdisco & 6 others	43/100
5th	SOVRA 1996, Latham (United States), Funding Raised	Platform providing procurement management solutions	-	KKR	38/100
6th	Cato 2025, Milan (Italy), Seed	Developer of software automating public procurement document analysis and preparation	$8.85M	Keen Venture Partners, Italianfoundersfund.com ... & 5 others	37/100
7th	DemandStar 1997, Seattle (United States), Acquired	Online procurement management tool	$2.8M	Version One Ventures, Advance Venture Partners ... & 1 others	37/100
8th	Periscope Holdings 2001, Austin (United States), Acquired	Offers web-based e-Procurement solutions	$4.5M	Tritonfinancial, Parthenon Capital	36/100
9th	Epylon 1999, Danville (United States), Acquired	eProcurement software solutions and services for education and government institutions	$47M	Deloitte, Paladin Capital & 6 others	36/100
10th	Nextenders 2002, Mumbai (India), Seed	Cloud-based suite solutions for procurement management	$1.23M	Rajasthan Venture Capital Fund, VectorNXG ... & 5 others	36/100