What is Xeeva?
Founded in 2014 and headquartered in Madison Heights, Michigan, Xeeva is a software company dedicated to accelerating the advancement and automation of indirect spend management solutions. The company provides a platform designed to streamline procurement processes, enhance visibility into enterprise spending, and drive cost savings through intelligent automation. Xeeva's focus on indirect spend management positions it as a key enabler for businesses seeking to optimize their operational expenditures and improve financial efficiency.
How much funding has Xeeva raised?
Xeeva has raised a total of $41M across 2 funding rounds:
Private Equity
$40M
Debt
$1M
Private Equity (2018): $40M with participation from PeakEquity Partners
Debt (2020): $1M led by PPP
Key Investors in Xeeva
PeakEquity Partners
PeakEquity Partners is a private equity firm specializing in software investments, focusing on building market leaders through operational support and strategic planning. They leverage their investment and operating experience to create value for their portfolio companies.
PPP
Public-Private Partnership
What's next for Xeeva?
The recent major strategic investment signals a period of accelerated growth and development for Xeeva. With a substantial total funding amount to draw upon, the company is poised to further enhance its technology, expand its market reach, and solidify its leadership in the indirect spend management space. This capital will likely fuel product innovation, strategic partnerships, and the scaling of its sales and customer support operations to meet increasing enterprise demand for automated procurement solutions.
See full Xeeva company page
