What is Proactis?
Founded in 1996 and headquartered in Wetherby, Leeds, Proactis is a leading Source-to-Pay software solution provider tailored for mid-market organizations across various service-led industries. Its flagship platform, Proactis Rego, is an end-to-end modular system designed to empower customers to gain control over their expenditures and effectively manage supply-chain risks. The solution enhances compliance and governance in purchasing activities, drives down the cost of goods and services, and achieves operational efficiencies through the digitization and automation of procurement processes.
How much funding has Proactis raised?
Proactis has raised a total of $31.6M across 3 funding rounds:
Share Placement
$2.8M
Other Financing Round
$25.1M
Debt
$3.8M
Share Placement (2014): $2.8M with participation from Undisclosed
Other Financing Round (2019): $25.1M led by HSBC UK
Debt (2020): $3.8M supported by HSBC UK
Key Investors in Proactis
HSBC UK
HSBC UK is a major financial institution providing a wide range of banking and financial services, likely focusing on supporting enterprise growth and strategic financing initiatives for established companies.
Undisclosed Investors
Undisclosed Investors
What's next for Proactis?
The substantial enterprise-level funding and recent strategic investment signal Proactis's robust market position and its capacity for further expansion. This capital infusion is likely to fuel continued development of its Source-to-Pay platform, enhancing its capabilities in spend control, risk management, and process automation. Strategic investments of this nature often indicate a focus on scaling operations, expanding market reach, and potentially pursuing mergers or acquisitions to consolidate its leadership in the procurement technology space. Proactis is well-positioned to capitalize on the increasing demand for digital transformation in procurement.
See full Proactis company page
