Procurify, a Vancouver, BC, Canada-based software as a service (SaaS) startup offering purchasing software to small- and medium-sized businesses, closed a US$4m seed funding.
Backers included Point Nine Capital, Nexus Venture Partners and the Business Development Bank of Canada (BDC). Ryan Holmes and Steve Johnson, CEO and chief revenue officer of Hootsuite, a social media management platform and a Procurify client, are joining the round and becoming advisors of the Procurify team.
The company intends to use the funds to further investment into sales, marketing and product development.
Led by CEO Aman Mann, Procurify is a cloud-based purchasing platform used to manage both direct and indirect company spending. The company provides control and visibility of where company money is going in real-time, using simple-to-generate reports and analytics.