Scout RFP, a San Francisco, CA-based provider of strategic sourcing solutions for companies to make informed purchasing decisions, raised $9m in Series A funding.
The round was led by New Enterprise Associates.
The company intends to use the funds to continue to expand operations.
Led by CEO Alex Yakubovich, Scout RFP provides a cloud-based automated sourcing and auction platform that allows organizations to make informed purchasing decisions. Brands using the company’s solution include Splunk, Jo-Ann Stores, Intuit, VSP, and Cerner Corporation. In total, it serves over 80 brands in software, manufacturing, healthcare, and retail verticals across 45 countries.