What is ProcedureFlow?
Launched in 2015, ProcedureFlow is a software platform designed to create intuitive operating procedures. Its primary function is to reduce training time, lower operational costs, and enhance process efficiency for businesses. The platform serves a diverse range of sectors, including finance, insurance, utilities, and contact centers. Headquartered in Saint John, New Brunswick, ProcedureFlow aims to standardize and simplify complex workflows through its user-friendly interface, positioning itself as a key player in the operational efficiency software market.
How much funding has ProcedureFlow raised?
ProcedureFlow has raised a total of $11.8M across 1 funding round:
Unspecified
$11.8M
Unspecified (2022): $11.8M with participation from Canadian Business Growth Fund, Sandpiper Ventures, BDC, Build Ventures, New Brunswick Innovation Foundation, and Innovatia
Key Investors in ProcedureFlow
Canadian Business Growth Fund
The Canadian Business Growth Fund (CBGF) is dedicated to providing capital, talent, and expertise to privately-owned Canadian businesses, aiding them in driving growth and realizing their potential. Supported by Canada's leading banks and insurance companies, CBGF offers long-term, minority capital to entrepreneurs focusing on growth, expansion, or transition strategies.
Sandpiper Ventures
Sandpiper Ventures is an early-stage venture capital fund focused on empowering women investors and founders to disrupt the traditional venture capital landscape. The firm specializes in identifying high-performing, tech-enabled companies that are often overlooked due to their position outside legacy networks.
BDC
BDC Business Development Bank of Canada, founded in 1944 and headquartered in Montreal, Quebec, provides a wide range of financial and consulting services to small businesses, concentrating on technology and exporting.
What's next for ProcedureFlow?
The recent major strategic investment in ProcedureFlow signals a pivotal moment for the company, likely indicating a phase of scaling and market penetration. With substantial backing, ProcedureFlow is poised to enhance its technological capabilities, expand its sales and marketing efforts, and potentially explore new industry verticals. The company's focus on improving operational efficiency through clear, accessible procedures aligns with the growing demand for digital transformation solutions in enterprise environments. Future developments may include advanced analytics, AI-driven insights, and deeper integration with existing business systems to further solidify its market leadership.
See full ProcedureFlow company page
