What is Procol?
Procol is a Gurugram, India-based company specializing in procurement management software. The company aims to streamline and optimize the procurement processes for businesses, offering a comprehensive solution that addresses the complexities of sourcing, purchasing, and vendor management. Its focus on enterprise-level solutions positions it as a key player in the B2B software market, catering to organizations seeking efficiency and cost savings in their supply chain operations.
How much funding has Procol raised?
Procol has raised a total of $9.5M across 2 funding rounds:
Unspecified
$4M
Series A
$5.5M
Unspecified (2020): $4M with participation from Surge
Series A (2022): $5.5M led by Surge Ventures, Blume Ventures, and Beenext
Key Investors in Procol
Blume Ventures
Blume Ventures is an India focused early stage investment firm that backs founders from seed through scale up. With local insight and hands on support, it partners with teams building enduring technology led businesses across consumer, enterprise and deep tech, helping them raise capital, sharpen strategy and grow responsibly.
Surge Ventures
Undisclosed investor participating in the funding round.
Beenext
Undisclosed investor participating in the funding round.
What's next for Procol?
With its recent major strategic investment, Procol is poised for accelerated growth and market expansion. This capital infusion is expected to fuel product development, enhance its technological capabilities, and broaden its customer reach. The company's strategic focus will likely involve strengthening its market position within India and potentially exploring international opportunities, leveraging its robust procurement platform to capture a larger share of the enterprise software market.
See full Procol company page
