What is SmartProcure?
SmartProcure operates as a leading information database, aggregating and organizing government purchase order data nationwide. Founded by seasoned procurement professionals, the company's core mission is to foster transparency and facilitate the open exchange of procurement intelligence. Through a dedicated team of data stewards, SmartProcure collaborates with thousands of government entities, including federal agencies and K-12 school districts, to provide actionable insights that empower smarter procurement decisions and drive cost savings.
How much funding has SmartProcure raised?
SmartProcure has raised a total of $9.4M across 3 funding rounds:
Unspecified
$1.2M
Private Equity
$6.2M
Debt
$2M
Unspecified (2012): $1.2M, investors not publicly disclosed
Private Equity (2014): $6.2M, investors not publicly disclosed
Debt (2020): $2M supported by PPP
What's next for SmartProcure?
The substantial enterprise-level funding and recent strategic investment position SmartProcure for significant expansion and enhanced service offerings. With a focus on optimizing public purchasing strategies, the company is poised to deepen its data aggregation capabilities and broaden its reach within the government sector. Future developments are likely to center on leveraging its extensive database to provide more sophisticated analytics and predictive insights, further solidifying its role as a critical resource for government procurement optimization.
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