What is Procurated?
Procurated operates at the intersection of B2B SaaS and public sector procurement, providing a centralized network for verified reviews and performance insights. By aggregating authentic feedback from procurement officials across government agencies and nonprofit organizations, the platform addresses the critical information asymmetry inherent in traditional supplier selection. The company's core value proposition lies in its ability to mitigate procurement risk through peer-verified data, allowing purchasing professionals to make informed decisions based on real-world performance metrics rather than limited or isolated evaluations. This approach has established Procurated as a vital resource for organizations managing complex purchasing requirements under strict budgetary constraints.
How much funding has Procurated raised?
Procurated has raised a total of $12.5M across 2 funding rounds:
Angel/Seed
$2.5M
Series A
$10M
Angel/Seed (2019): $2.5M with participation from MayFive Holdings, Inc. and Limerick Hill LLC
Series A (2021): $10M led by TDF Ventures, Tribeca Venture Partners, Limerick Hill, and Greycroft Partners
Key Investors in Procurated
TDF Ventures
An early-stage venture capital firm specializing in enterprise-focused infrastructure, software, and services, with a strong emphasis on IaaS and SaaS business models.
Tribeca Venture Partners
A New York-based multi-stage venture capital firm that partners with entrepreneurs to leverage emerging technologies and build category-defining companies.
Greycroft Partners
A leading venture capital firm focused on the Internet and mobile markets, leveraging an extensive network to help entrepreneurs build successful, high-growth businesses.
What's next for Procurated?
With the recent injection of capital, Procurated is well-positioned to deepen its penetration into the enterprise-level procurement market. The strategic focus will likely shift toward scaling its user base and enhancing the depth of its supplier performance analytics. By leveraging the expertise of its institutional backers, the company aims to solidify its role as the industry standard for vendor intelligence. Future growth initiatives will likely prioritize the integration of advanced data processing capabilities to further streamline the procurement lifecycle, ensuring that public and nonprofit entities can continue to optimize their resource allocation through transparent, peer-validated vendor relationships.
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