What is ProcurePro?
ProcurePro operates as a Software as a Service (SaaS) solution designed to digitally transform contract management within the construction industry. The platform empowers construction firms by enabling them to efficiently compare, select, approve, and contract with subcontractors all within a single, integrated environment. This streamlined approach addresses critical pain points in project execution, aiming to reduce administrative overhead and improve project timelines through enhanced subcontractor collaboration and oversight.
How much funding has ProcurePro raised?
ProcurePro has raised a total of $23.8M across 2 funding rounds:
Angel/Seed
$2.6M
Other Financing Round
$6.2M
Angel/Seed (2021): $2.6M, investors not publicly disclosed
Other Financing Round (2024): $6.2M led by AirTree Ventures
Key Investors in ProcurePro
AirTree Ventures
AirTree Ventures is an early-stage venture capital firm focused on supporting Australian and New Zealand technology companies. They are known for their active involvement in nurturing the startup ecosystem and providing resources to founders.
What's next for ProcurePro?
The recent major strategic investment positions ProcurePro for accelerated scaling and market penetration. With substantial backing, the company is expected to focus on expanding its platform capabilities, enhancing its market reach, and potentially exploring new verticals within the construction technology ecosystem. This funding round, characterized as enterprise-level, suggests a strategic focus on solidifying its position as a leader in digital contract management, likely involving further product development and strategic partnerships to drive adoption among larger construction enterprises.
See full ProcurePro company page
