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 efficient and centralized purchasing solutions within the real estate industry. Its platform aims to simplify the process for agents, enabling them to source necessary items for homes they represent, thereby enhancing property presentation and saleability.
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 Old Town Capital, Participate Capital, and Method Capital
Key Investors in Purchasing Platform
Old Town Capital
Old Town Capital is an investor in Purchasing Platform's Series A round. Further details on their investment focus are not specified.
Participate Capital
Participate Capital has provided backing to Purchasing Platform. Specifics regarding their investment strategy are not available.
Method Capital
Method Capital, a Chicago-based venture firm, specializes in providing growth funding for technology companies, particularly those in the Midwest. They focus on leading Series A/B rounds for companies with recurring revenue and scalable technology.
What's next for Purchasing Platform?
The recent major strategic investment positions Purchasing Platform for accelerated growth and market expansion. This backing is likely to fuel advancements in its platform technology, broaden its service offerings, and strengthen its operational capabilities. As the company continues to scale, it is poised to further solidify its presence as a key enabler for real estate professionals seeking efficient solutions for property-related purchases.
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