Approve.com, a Tel Aviv, Israel-based modern procurement platform, completed a $5m seed funding round.
The round was led by Aleph.
The company intends to use the funds for global expansion, establishing US operations, investing in growth for its R&D team, and supporting new and existing accounts.
Led by Bar Winkler, Co-founder and CEO, Approve is a procurement operations platform for businesses to streamline purchasing workflows and vendor interactions, and gain critical insights into company spend. The SaaS platform creates custom automated workflows that streamline requests, orders and vendor onboarding. It plugs directly with existing ERP (Enterprise Resource Planning) solutions and securely syncs with real-time budgets. There is a searchable vendor database that includes updated business information and spend volume as well as a unified dashboard that organizes all procurement-related data in one place.