What is Purchasing Platform?
Purchasing Platform operates as an online marketplace designed to streamline the procurement of appliances and services for real estate agents managing listed properties. Founded in 2012 and headquartered in Chicago, Illinois, the company addresses a critical need for efficiency and convenience in property management, enabling agents to source necessary items for homes they are listing. The company's Series A funding round in October 2019, which raised $3.5 million, was a pivotal moment, signaling its transition from a development stage to a scaling phase. This financing was instrumental in expanding its operational capabilities and market reach.
How much funding has Purchasing Platform raised?
Purchasing Platform has raised a total of $3.5M across 1 funding round:
Series A
$3.5M
Series A (2019): $3.5M with participation from Method Capital, Participate Capital, and Old Town Capital
Key Investors in Purchasing Platform
Method Capital
Method Capital is a Chicago-based venture firm focused on providing growth funding to Midwest-based technology companies, particularly those in Series A/B rounds with recurring revenue and scalable platforms.
Participate Capital
An undisclosed investor participating in the funding round, likely focused on strategic growth opportunities within the real estate technology sector.
Old Town Capital
An undisclosed investor participating in the funding round, potentially with an interest in established or scaling businesses within the Chicago area.
What's next for Purchasing Platform?
The substantial enterprise-level funding, including the recent strategic investment, positions Purchasing Platform for accelerated expansion and innovation. Future endeavors will likely focus on enhancing its platform's features, broadening its service provider network, and deepening its penetration within the real estate agent community. Strategic partnerships and technological advancements will be key to solidifying its market leadership and driving further growth in the competitive proptech landscape.
See full Purchasing Platform company page
