Procol
Advanced procurement software that is flexible, user-friendly, cost-effective, enterprise-grade secure, and can be deployed in under 7 days to optimize procurement management.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $5.5m Valuation: $75.0m 5.3x EV/Revenue | Series A | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 290 % | - | 268 % | 137 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Procol is a procurement technology company that offers a suite of software solutions designed to digitize and streamline the procurement process for businesses. The company primarily serves large enterprises, with solutions deployed at companies with revenues exceeding $100 million and even $1 billion.
Procol's platform helps organizations move away from traditional methods like emails and spreadsheets to a more integrated and automated system. Its core offerings include strategic sourcing software, e-sourcing tools, and an online auction platform. These tools are designed to help businesses reduce costs, improve compliance, and enhance efficiency in their procurement operations. The company emphasizes features like real-time bidding, supplier communication and coordination, and intelligent automation for approvals and decision-making. By providing a centralized platform, Procol aims to bring transparency and data-driven insights to the entire source-to-pay lifecycle.
The business model appears to be B2B SaaS, where clients subscribe to their procurement software. The company offers flexible pricing plans and the ability to get a personalized quote, suggesting a tiered or customized subscription model based on the client's needs.
Keywords: procurement software, source-to-pay, strategic sourcing, e-sourcing, online auction platform, supplier management, cost reduction, procurement automation, B2B SaaS, enterprise software