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DPW’s Top 10 ProcureTech Investments in 2020

4 December, 2020 | By Matthias Gutzmann

1. Mirakl

Category: Procurement Marketplaces

HQ: Paris, France

Last Equity Funding: $300M

Notable Investors: Permira

Mirakl powers your platform business strategy by allowing you to quickly launch an online marketplace. Marketplaces allow companies to easily add products and services by connecting third-party sellers and service providers. 

2. AvidXchange

Category: Accounts Payable

HQ: Charlotte, USA

Last Equity Funding: $260M

Notable Investors: Lone Pine Capital, MasterCard

AvidXchange provides solutions to manage the full invoice to payment process so businesses can receive invoices and pay bills at any time, from any location.

3. EcoVadis

Category: Sustainability

HQ: Paris, France

Last Equity Funding: $200M

Notable Investors: CVC Capital Partners, Partech

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains.

4. Corcentric

Category: Source-to-Pay

HQ: Cherry Hill, USA

Last Equity Funding: $80M

Notable Investors: Bregal Sagemount

Corcentric is a leading provider of procurement and finance solutions that transform how companies purchase, pay, and get paid. Corcentric’s procurement, accounts payable, and accounts receivable solutions empower companies to spend smarter, optimize cash flow, and drive profitability.

5. scoutbee

Category: Supplier Discovery

HQ: Würzburg, Germany

Last Equity Funding: $60M

Notable Investors: Atomico, Lakestar, Next47

scoutbee’s AI-powered supplier discovery suite helps procurement leaders gain deep supplier insights to make more confident buying decisions.

6. Agiloft

Category: Contract Lifecycle Management

HQ: Redwood City, USA

Last Equity Funding: $45M

Notable Investors: FTV Capital

Winner of the Editors’ Choice award by PC Magazine and heralded as “the most customizable contract management system on the market”, Agiloft provides a centralized, searchable repository with integrated workflows, email alerts, PDF contract generation and reports that address even the most sophisticated approval processes. 

7. SirionLabs

Category: Contract Lifecycle Management

HQ: Seattle, USA

Last Equity Funding: $44M

Notable Investors: Avatar Capital, Tiger Global Management

SirionLabs is the leading enterprise SaaS provider for post-signature contract management. The Sirion platform significantly reduces the cost of supplier governance by automating complex procedures across key governance disciplines of contract, performance, financial, relationship, and risk management.

8. Keelvar

Category: Advanced Sourcing

HQ: Cork, Ireland

Last Equity Funding: $18M

Notable Investors: Elephant, Mosaic, Paua Ventures

Sourcing Optimization and Automation Software for enterprise procurement teams. Keelvar emerged from a leading AI research laboratory and is the category leader in best practice technology for advanced eSourcing.

9. SourceDay

Category: Supplier Collaboration

HQ: Austin, USA

Last Equity Funding: $12.5M

Notable Investors: Baird Capital, Draper Associates

SourceDay’s platform provides a digital interface between a manufacturer’s ERP system and hundreds of suppliers, automatically updating changes to delivery dates, pricing, and quantities throughout the order lifecycle and across the supply chain.

10. Craft

Category: Market Intelligence

HQ: San Francisco, USA

Last Equity Funding: $10M

Notable Investors: Greycroft, High Alpha

Craft is an enterprise intelligence company helping organizations make data-informed business decisions. Our platform provides comprehensive, validated and always up-to-date commercial data, analytics, and actionable insights.

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