Vancouver's Procurify Raises $1.2 Million Seed Round from BDC, Mark Cuban

Posted by Knowlton Thomas

Procurify, a cloud procurement software firm, has raised $1.2 million.

The seed round came from a diverse lineup of investors, including Silicon Valley's Nexus Venture Partners, BDC, and Dallas Mavericks owner Mark Cuban.

The Vancouver-based startup says it will use the money to develop new features for its products, grow its 22-person team, and boost its customer base, which now reaches 40 countries.

“This investment gives us the opportunity to expand both the web and mobile platforms and bring Procurify to new heights,” said Eugene Dong, co-founder and CTO of Procurify.

The Canadian company graduated from Vancouver-based startup accelerator GrowLab in 2013 after joining the program's Winter 2012 cohort alongside ePact, SpaceList, and others. BDC offered the startup a $150,000 convertible note upon graduating, which it accepted. Last year the CIX named it one of the 20 hottest tech companies in Canada.

"Procurify is a small, young group of entrepreneurs with a big dream. We are taking our platform to a global level with this investment and working with clients ranging from small businesses to Fortune 1000 companies," added Aman Mann, cofounder and CEO.

"Procurify is used in industry verticals that range from technology to manufacturing to service and beyond. We are revolutionizing the enterprise software space by bringing consumer-style usability, design and simplicity to business software," Mann continued. "We want to give people tools they love to use, to help them discover true passion and inspiration in the work that they use them for.”

Other Canadian startups Mark Cuban has invested in include Calgary's eThor, Atlantic Canada's Clarity, and Toronto's Brotips

Company:
Procurify.com
Website:
http://www.procurify.com
Location:
Vancouver, British Columbia, Canada

Procurify is a cloud based cost management solution! We help companies streamline purchasing, track spending and stop cash leakage. We'll help simplify your company's purchasing process. There is a free free trial available and we would be more than happy to give you a free online demonstration to show you how it all works. more


blog comments powered by Disqus

Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more




Who's Hiring



Recent Comments

Powered by Disqus