In Part 1, we spotlight the creation of unicorns over the past 12 months.
The ProcureTech100 recognises the 100 definitive pioneering digital procurement solutions by using extensive proprietary data, research and a panel of procurement experts.
Over the last year, we have seen a significant number of the ProcureTech100 continue to make progress. This progress has been both endorsed and fuelled by the investment of VCs into the ProcureTech ecosystem. There are a number of solutions that have joined the unicorn club: companies valued at more than $1 billion.
Female-led unicorn Interos raised $100m to protect supply chains from physical and cyber disruption and a further $6.5m from a women-investor group
SaaS buying platform Vendr, which has processed more than $1.3 billion in transactions raised $150m in a funding round in June
EcoVadis’, led by Pierre-François Thaler and Frédéric Trinel, total funding raised reaches over $725 million, gaining unicorn status and helping its growth plans in North America and Asia to help more companies with their sustainability ratings, along with a note of congratulations from the French President Macron.
Intake-to-Procure solution Zip, co-founded by Rujul Zaparde, secured $43m in Series B funding, gaining a $1.2 billion valuation to ease the stress of purchasing
7-in-1 spend management solution Spendesk raised €100M to accelerate its transformation and deliver visibility for customers
It all RAMPed up for finance automation platform Ramp whose valuation rocketed to $8.1 billion, where it continues to help customers save time and money by automating their finances
Get ready for the announcement of the ProcureTech100 2022 this Q4… stay tuned as we’ll be announcing exciting news about it soon!
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