What is JAGGAER?
Headquartered in Morrisville, North Carolina, JAGGAER has evolved significantly since its founding in 1995. Originally known as SciQuest, the company has transitioned into a specialized provider of cloud-based business automation solutions. Its core competency lies in spend management, offering enterprises the tools necessary to optimize procurement processes, manage supplier relationships, and gain granular visibility into organizational expenditures. By digitizing and automating these complex workflows, JAGGAER enables large-scale enterprises to achieve greater efficiency and cost control in an increasingly volatile global market. The company's platform is designed to integrate seamlessly into existing enterprise resource planning environments, making it a foundational component for digital transformation initiatives across various industries.
How much funding has JAGGAER raised?
JAGGAER has raised a total of $76.3M across 4 funding rounds:
Private Equity
$7.1M
Private Equity
$2M
Private Equity
$17.2M
Debt
$50M
Private Equity (2011): $7.1M, investors not publicly disclosed
Private Equity (2012): $2M, investors not publicly disclosed
Private Equity (2013): $17.2M, investors not publicly disclosed
Debt (2022): $50M featuring Golub Capital
Key Investors in JAGGAER
Golub Capital
A leading middle-market investment firm that provides financing solutions to companies, specializing in credit and debt capital markets.
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for JAGGAER?
With the recent strategic investment, JAGGAER is well-positioned to accelerate its product development roadmap and expand its footprint in the global spend management market. The company is expected to focus on enhancing its artificial intelligence and machine learning capabilities to provide more predictive insights into supply chain dynamics. Furthermore, the capital will likely support the scaling of its customer success infrastructure, ensuring that the firm can meet the rising demand for sophisticated, cloud-native procurement tools. As enterprises continue to prioritize resilience and agility, JAGGAER's strategic focus on automation will be pivotal in maintaining its competitive edge and driving long-term value for its stakeholders.
See full JAGGAER company page
