What is Sievo?
Established in 2003, Sievo has evolved into a global leader in procurement analytics, providing organizations with the tools necessary to transform complex procurement data into actionable financial insights. The company offers a comprehensive suite of SaaS solutions, including Spend Analysis, Savings Lifecycle management, Spend Forecasting, and Contract Management. By integrating best-of-breed software with specialized services, Sievo enables enterprises to optimize their procurement processes and directly impact their bottom line. Headquartered in Helsinki, Finland, with a significant operational presence in Chicago, Illinois, the firm serves as a critical partner for businesses seeking to navigate the complexities of modern supply chain and procurement data management.
How much funding has Sievo raised?
Sievo has raised a total of $44.1M across 2 funding rounds:
Debt
$150K
Other Financing Round
$44M
Debt (2020): $150K with participation from PPP
Other Financing Round (2022): $44M led by Susquehanna Growth Equity
Key Investors in Sievo
Susquehanna Growth Equity
Founded in 2006, Susquehanna Growth Equity is a growth equity fund focused on software, SaaS, data, internet, healthcare technology, and financial technology.
PPP
Public-Private Partnership
What's next for Sievo?
With the recent infusion of capital, Sievo is poised to enter a new phase of accelerated growth and technological innovation. The company's strategic focus will likely center on enhancing its predictive analytics capabilities and deepening its integration within the broader enterprise resource planning ecosystem. As procurement departments increasingly prioritize data-driven decision-making to mitigate supply chain volatility, Sievo's specialized software suite remains highly relevant. Future initiatives are expected to emphasize market expansion and the continuous refinement of its value-added content, ensuring that Sievo maintains its competitive edge as a premier provider of procurement intelligence for global enterprises.
See full Sievo company page
