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 Jan 31, 2026, the latest employee count at SOVRA is 538.

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 $144M in funding in 2026 to date.

Where does SOVRA rank among its competitors?

SOVRA ranks 10th amongst 66 active competitors, of which 8 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Stotles, which secured $13M in May, 2025.

Who are the top competitors of SOVRA?

SOVRA's top competitors include Stotles, CobbleStone Software and Periscope Holdings. Among them, Stotles secured the most recent funding round in May, 2025.

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

10^th among 66 active competitors

Employee Count

538 as on Jan 31, 2026

Investment & Acquisitions

Edilex & 1 more

Similar Companies

Stotles & 70 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	2897	Unattributed	5607	8020	5144	5298

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View details of SOVRA's funding rounds and investors

SOVRA's employee count trend

SOVRA has 538 employees as of Jan 26. Here is SOVRA's employee count trend over the years:

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Top competitors of SOVRA include Stotles, CobbleStone Software and Periscope Holdings. 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	Stotles 2019, London (United Kingdom), Series A	Cloud-based platform for procurement management	$21.6M	Headline, Speedinvest & 14 others	61/100
2nd	CobbleStone Software 1995, Princeton (United States), Unfunded	Provider of contract lifecycle management, vendor management, and e-procurement software	-	-	54/100
3rd	Periscope Holdings 2001, Austin (United States), Acquired	Offers web-based e-Procurement solutions	$4.5M	Tritonfinancial, Parthenon Capital	52/100
4th	ElectrifAi Jersey City (United States), Series C	AI-based software solution development services	$122M	Silver Lake, Wipro & 5 others	45/100
5th	Tendium Systems 2018, Stockholm (Sweden), Funding Raised	Tender monitoring and bidding management solution	-	J12, Venture Securities & 6 others	42/100
6th	VendorPanel 2008, Melbourne (Australia), Series B	SaaS-based source-to-contract platform for government, utilities and corporates	$5.05M	Five V Capital, EVP & 10 others	41/100
7th	Onvia 1996, Seattle (United States), Acquired	Deltek: Project-based business software solutions for government contractors and professional services	$42M	Actua, Mohr Davidow Ventures & 6 others	40/100
8th	DemandStar 1997, Seattle (United States), Acquired	Online procurement management tool	$2.8M	Version One Ventures, Advance Venture Partners ... & 1 others	40/100
9th	Tender 247 2014, Ahmedabad (India), Seed	Provider of a platform for managing government and global tenders	$12.5K	-	39/100
10th	SOVRA 1996, Latham (United States), Funding Raised	Platform providing procurement management solutions	-	KKR	38/100