Xeeva - About the company
Xeeva is an acquired company based in Southfield (United States), founded in 2014 by Dilip Dubey. It operates as an AI-powered spend management and procurement software for actionable insights. Xeeva has raised $40M in funding from PeakEquity. The company has 501 active competitors, including 98 funded and 74 that have exited. Its top competitors include companies like Coupa, Sage Group and Emburse.
Company Details
AI-powered spend management and procurement software for actionable insights. The company offers a comprehensive, cloud-based platform that simplifies and consolidates spend-related activities. Their solutions include spend analytics, data enrichment, sourcing, procure-to-pay, and a purchasing software. They leverage Artificial Intelligence technology to cleanse, categorize, and enrich spend data, providing line-level granularity and improved data quality. The platform drives cost savings, visibility, and efficiency gains throughout the procurement process. They offer solutions for various industries, including chemicals, consumer packaged goods, energy, oil & gas, transportation, automotive, industrial manufacturing, and pharma. The company provides a data-driven approach to identify savings opportunities and improve procurement processes. This is a B2B SaaS offering.
- Website
- www.xeeva.com
- Registered Address
- 30- 31, Street No 2, Atul Kataria Chowk, Sheetala Mata Road, Gurgaon, Gurgaon, Haryana, India, 122001
Key Metrics
Founded Year
2014
Location
Southfield, United States
Stage
Acquired
Total Funding
$40M in 1 round
Latest Funding Round
Investors
Ranked
55th among 501 active competitors
Employee Count
75 as on Mar 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Simfoni (Nov 28, 2022)
Legal entities associated with Xeeva
Xeeva is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
XEEVA INDIA PRIVATE LIMITED CIN: U72300HR2015PTC057427 , India, Active | Dec 01, 2015 | $1.48M (As on Mar 31, 2025) | 92 (As on Jan 31, 2025) | |
Xeeva, Inc. CIN: 464352038 , United States, Active | - | 18 (As on Dec 31, 2023) | - |
Xeeva's acquisition details
Xeeva got acquired by Simfoni on Nov 28, 2022. It was facilitated by SSG Capital Advisors.
Click here to take a look at Xeeva's acquisition in detail
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Xeeva's funding and investors
Xeeva has raised a total funding of $40M over 1 round. Its latest funding round was a Series B round on Apr 12, 2018 for $*****. 1 investor participated in its latest round. Xeeva has 4 institutional investors.
Here is the list of recent funding rounds of Xeeva:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 12, 2018 | 8928427 | Series B | 2060135 | 1456779 | 4791057 | 5469229 |
View details of Xeeva's funding rounds and investors
Xeeva's founders and board of directors
Founder? Claim ProfileThe founders of Xeeva is Dilip Dubey.
Here are the details of Xeeva's key team members:
- Dilip Dubey: Former Founder & CEO of Xeeva and founder of 3 other companies, Sutra.AI, YouData.ai and Netlink.
View details of Xeeva's Founder profiles and Board Members
Xeeva's employee count trend
Xeeva has 75 employees as of Mar 26. Here is Xeeva's employee count trend over the years:
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Xeeva's Competitors and alternates
Top competitors of Xeeva include Coupa, Sage Group and Emburse. Here is the list of Top 10 competitors of Xeeva, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Coupa 2006, San Mateo (United States), Acquired | Cloud-based end-to-end spend management software for businesses | $169M | 78/100 | |
2nd | Sage Group 1981, Newcastle Upon Tyne (United Kingdom), Public | Cloud-based accounting and payroll solutions for small and medium businesses | - | 76/100 | |
3rd | Emburse 2002, San Francisco (United States), Acquired | Corporate card and expense management platform for businesses | $1.62M | 70/100 | |
4th | AI-powered vendor digitization, procurement and supply chain financing solutions | $257M | 69/100 | ||
5th | Airbase 2017, San Francisco (United States), Acquired | Procure to pay management software for businesses | $91M | 68/100 | |
6th | SaaS-enabled end-to-end spend management software | $82.5M | 63/100 | ||
7th | Ivalua 2000, Redwood City (United States), Series B | Procurement management solutions for businesses | $134M | 63/100 | |
8th | Tipalti 2010, Foster City (United States), Series F | Cloud-based procurement and invoice management solutions for businesses | $553M | 63/100 | |
9th | MineralTree 2010, Cambridge (United States), Acquired | Cloud-based accounts payable solutions for businesses | $123M | 61/100 | |
10th | Corcentric 1998, Mclean (United States), Public | Cloud-based procurement automation solutions for businesses | $81.2M | 59/100 | |
55th | Xeeva 2014, Southfield (United States), Acquired | AI-powered spend management and procurement software for actionable insights | $40M | 50/100 |
Looking for more details on Xeeva's competitors? Click here to see the top ones
Xeeva's Investments and acquisitions
Xeeva has acquired 2 companies including ProcurePack and Kontextual. Xeeva has not made any investments as of now.Reports related to Xeeva
Here is the latest report on Xeeva's sector:
News related to Xeeva
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Troutman Pepper Advises PeakEquity Portfolio Company Xeeva in Sale to SimfoniTroutman Pepper•Dec 20, 2022•Troutman Pepper, Xeeva, Simfoni
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SSG Advisors Supports Xeeva’s Sale of Outstanding Stock to Simfoni LimitedABFJournal•Dec 02, 2022•SSG Capital Advisors, Xeeva, Simfoni, PeakSpan
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Xeeva and PKC Advisory Celebrate a Two-Year Partnership and Commitment for the FutureGlobeNewswire•May 05, 2022•Xeeva, PKC Advisory
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Xeeva Listed as one of CIO Applications’ “Top Procurement Solution Providers 2021”GlobeNewswire•May 11, 2021•Xeeva
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