ProcurePro
Digital procurement and subcontract management software for construction, increasing efficiencies, and profitability.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | AUD6.2m | Series A | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 22 % | 173 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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ProcurePro provides a specialized procurement software tailored for the construction industry, specifically targeting main contractors. The platform is designed to streamline the entire subcontractor procurement lifecycle, from initial comparison and selection to final approval and management. It addresses the fragmentation of the procurement process by consolidating what is described as over twenty separate processes into a single, cohesive system.
The core functionalities include a procurement schedule and a scope of works library, which aim to bring greater visibility, consistency, and control to construction projects. By centralizing these tasks, the software helps contractors manage their subcontracting more efficiently.
The business model is based on licensing the software to construction companies. Pricing is not fixed and is instead tailored to the usage level of each client, indicating a flexible, usage-based subscription model common in B2B SaaS offerings. The company positions itself as a key tool for main contractors seeking to optimize their procurement operations and gain better control over project costs and timelines.
Keywords: construction procurement, subcontractor management, procurement software, main contractors, construction technology, contract management, procurement schedule, scope of works, B2B SaaS, project management