Draft:Procurify
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|  |
Company type | Private |
|---|---|
| Industry | Enterprise software |
| Founded | 2013 |
| Founders | Aman Mann |
| Headquarters | Vancouver, British Columbia, Canada |
Area served | Worldwide |
| Products | Procurement software, spend management software, accounts payable automation |
Number of employees | 167 (April 2026)[1] |
| Website | procurify |
Procurify is a Canadian software as a service company headquartered in Vancouver, British Columbia, that develops cloud-based procurement and spend management software for mid-market organizations. The platform consolidates purchasing, accounts payable automation, and data analytics in a single system.
History
Procurify was founded in Vancouver by Aman Mann and co-founders who met while studying at the British Columbia Institute of Technology (BCIT).[2] The company participated in GrowLab, a Vancouver startup accelerator, in 2013.[3]
In July 2015, Procurify raised a seed round of $4 million from investors including Point Nine Capital, Nexus Venture Partners, the Business Development Bank of Canada, Ryan Holmes (founder of Hootsuite), and Steve Johnson.[3] At that time the company reported processing purchase orders in more than 58 countries.[3]
In 2019, Procurify raised $20 million in a Series B funding round.[4]
In October 2023, the company closed a Series C funding round of US$50 million (approximately CA$68 million), led by Ten Coves Capital, with participation from Export Development Canada, Information Venture Partners, and HarbourVest Partners.[2][5] Following the round, total funding exceeded CA$95 million.[5] Steve Lula, a partner at Ten Coves Capital, joined the company's board of directors.[5]
As of October 2023, Procurify served more than 700 customers, including Questrade, SkipTheDishes, Hootsuite, and Asana.[2][5]
Products
Procurify's platform provides modules for procurement intake and purchase request management, multi-level approval workflows, purchase order management, accounts payable automation, and spend analytics. The software uses artificial intelligence for anomaly detection in orders and invoices.[2]
References
- ^ "Procurify: About". LinkedIn. Retrieved April 28, 2026.
- ^ a b c d Wiggers, Kyle (October 17, 2023). "Procurify lands fresh cash to invest in AI-powered tools for procurement". TechCrunch. Retrieved April 28, 2026.
- ^ a b c Lardinois, Frederic (July 22, 2015). "Procurify Raises $4M To Make Purchasing Easier For Businesses". TechCrunch. Retrieved April 28, 2026.
- ^ "Procurify raises $20M to help companies track organizational spending". GeekWire. 2019. Retrieved April 28, 2026.
- ^ a b c d Scott, Josh (October 17, 2023). "Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform". BetaKit. Retrieved April 28, 2026.
External links
Category:Software companies of Canada Category:Companies based in Vancouver Category:Software as a service companies Category:Privately held companies of Canada Category:Enterprise software companies Category:2013 establishments in British Columbia
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