When was ProcureNow founded?

ProcureNow was founded in 2014.

Where is ProcureNow located?

ProcureNow is located in San Francisco, United States .

Who is the current CEO of ProcureNow?

Liam Dorpalen is the current CEO of ProcureNow.

When was the latest funding round of ProcureNow?

ProcureNow's latest funding round was on Feb 08, 2017.

Where does ProcureNow rank among its competitors?

ProcureNow ranks 60 amongst 457 active competitors.

Who are the top competitors of ProcureNow?

ProcureNow's top competitors are Concertiv, BirchStreet Systems and VendorPanel.

ProcureNow - 2025 Company Profile, Funding & Competitors - Tracxn

ProcureNow is an acquired company based in San Francisco (United States), founded in 2014 by Liam Dorpalen and David Gertmenian Wong. It operates as a Provider of cloud-based procurement software. ProcureNow has raised an undisclosed amount in funding from 500 Global. The company has 457 active competitors, including 52 funded and 40 that have exited. Its top competitors include companies like Concertiv, BirchStreet Systems and VendorPanel.

Company Details

ProcureNow is a provider of cloud-based procurement software. Its features include vendor engagement, contract management, collaboration, documentation and analytics. It caters to governments, vendors, project managers, finance and IT professionals. Its clients include San Francisco International Airport and City of Philadelphia.

Key Metrics

Founded Year

2014

Location

San Francisco, United States

Stage

Acquired

Latest Funding Round

Seed, Feb 08, 2017, Undisclosed

Investors

500 Global & 1 more

Ranked

60^th among 457 active competitors

Similar Companies

Concertiv & 558 more

Exit Details

Acquired by OpenGov (Jun 25, 2021)

ProcureNow got acquired by OpenGov on Jun 25, 2021.

Click here to take a look at ProcureNow's acquisition in detail

ProcureNow has raised funding over 1 round. Its latest funding round was a Seed round on Feb 08, 2017 for an undisclosed amount. 1 investor participated in its latest round, which include 500 Global and Civstart.

ProcureNow has 2 institutional investors including 500 Global and Civstart.

Here is the list of recent funding rounds of ProcureNow:

Date of funding	Funding Amount	Round Name	Post money valuation	Revenue multiple	Investors
Feb 08, 2017	Undisclosed	Seed	8824169	1163471	500 Global

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View details of ProcureNow's funding rounds and investors

The founders of ProcureNow are Liam Dorpalen and David Gertmenian Wong. Liam Dorpalen is the CEO of ProcureNow. Liam Dorpalen has founded 1 more company - Govlist.

View details of ProcureNow's Founder profiles and Board Members

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Top competitors of ProcureNow include Concertiv, BirchStreet Systems and VendorPanel. Here is the list of Top 10 competitors of ProcureNow, ranked by Tracxn score:

Overall Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Concertiv 2014, New York (United States), Series A	Provider of web-enabled end-to-end procurement management solutions	$6.62M	Long Arc Capital, VeARC & 2 others	57/100
2nd	BirchStreet Systems 2002, Newport Beach (United States), Series B	Cloud-based procure-to-pay management solutions for businesses	$1.27M	Parthenon Capital, Serent Capital & 1 others	56/100
3rd	VendorPanel 2008, Melbourne (Australia), Series B	SaaS-based source-to-contract platform for government, utilities and corporates	$5.05M	Microsoft Accelerator, EVP & 10 others	51/100
4th	CobbleStone Software 1995, Princeton (United States), Unfunded	Cloud-based contract lifecycle and procurement management software	-	-	50/100
5th	Omnea 2021, London (United Kingdom), Series A	Provider of web-enabled procurement orchestration solutions for the supply chain	$75.1M	Accel, Entrepreneur First & 6 others	50/100
6th	Aerchain 2016, Bengaluru (India), Seed	AI and cloud-enabled end-to-end procurement management solutions	$3.99M	LetsVenture, Lumis Partners & 8 others	48/100
7th	Levelpath 2022, San Francisco (United States), Series A	Provider of software solutions for procurement supply chain management	$44.5M	World Innovation Lab, NewView Capital & 3 others	48/100
8th	ShakePe 2020, Bengaluru (India), Unfunded	Provider of spend management suite	-	-	48/100
9th	EffiGO 2010, Bengaluru (India), Seed	Offers SaaS-based sourcing and procurement management solutions for businesses	$4.82M	Canbank Venture Capital Fund, Veerabha Estates and Holdings & 29 others	47/100
10th	Arkestro 2017, San Francisco (United States), Series A	Provider of web-based procurement management solutions	$42M	Cervin, New Enterprise Associates & 17 others	47/100
60th	ProcureNow 2014, San Francisco (United States), Acquired	Provider of cloud-based procurement software	-	500 Global, Civstart	30/100