Beroe, Inc., a Springs NC-based provider of a procurement intelligence and analytics platform, closed the first tranche of a $10m funding round.
The round is led by Access India Fund, a private equity fund specializing in investments in the Indian mid-market sector and advised by MAPE Advisory Group.
The company intends to use the funds to further invest in category expertise, technology and aggressive revenue growth.
Led by CEO Vel Dhinagaravel, Beroe provides procurement teams of large businesses across the globe with an intelligence and analytics platform which leverages expertise in 300 + categories across 14 industries.
The company, which currently has more than 80 customers, has an Indian office in Chennai.