Vroozi, a Los Angeles, CA-based cloud B2B procurement company, raised $4m in growth equity funding.
The round was led by Southern California based private equity firm Ally Holdings.
The company intends to use the funds to grow the sales organization in the United States and Europe and expand innovation and development of the platform around new areas including Analytics, Artificial Intelligence, and Payables Management.
Led by Steve Olds, CEO, Vroozi provides a cloud-based enterprise procurement software platform featuring mobile-enabled procure-to-pay functionality, catalog content and supplier management, master data management, workflow approval, and integration with other financial systems.
Customers range from Fortune 1000 companies to enterprises across many industries – entertainment, healthcare, technology, manufacturing, defense and services.