Contraqer Funding: How Much Did They Raise & Key Investors

How Much Did Contraqer Raise?
Funding & Key Investors

Contraqer has secured significant enterprise-level funding, with a recent major strategic investment contributing to its total capital raised of $3.4M. The latest financing round, which occurred on April 21, 2016, underscores the company's ongoing growth trajectory and its importance in the government procurement technology sector. This infusion of capital is expected to fuel further development and market expansion for the cloud-based software provider.

What is Contraqer?

Contraqer

Software

Supply Chain Management (SCM) Software

Contraqer operates as a cloud-based software company dedicated to optimizing procurement processes for Government Service Providers and Value Added Resellers (VARs). Its platform provides critical insights through GovIntel, enabling users to discover new opportunities and forge partnerships within the federal business landscape. Furthermore, the GovChannel feature empowers VARs with tools for sourcing pricing, generating quotes, and streamlining order management, ultimately aiming to enhance financial performance and procurement visibility.

How much funding has Contraqer raised?

Contraqer has raised a total of $3.4M across 1 funding round:

2016

Private Equity

$3.4M

Private Equity (2016): $3.4M, investors not publicly disclosed

What's next for Contraqer?

The substantial enterprise-level backing and recent strategic investment signal a pivotal phase for Contraqer. This capital infusion is likely to accelerate the company's product development, enhance its GovIntel and GovChannel functionalities, and expand its market reach within the government contracting ecosystem. Strategic partnerships and further technological advancements are anticipated as Contraqer solidifies its position as a key player in government procurement technology.

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