Concertiv, Inc., a NYC-based data analytics, decision support and technology-enabled services platform for professional services firms, received a majority investment from Long Arc Capital, LP.
The amount of the deal was not disclosed.
The company will use the capital to build product and engineering capabilities, accelerate sales and marketing initiatives, and strengthen its customer execution teams.
Founded in 2014, Concertiv provides professional services firms with a platform to:
- Manage suppliers, products and contracts
- Understand and improve usage and spend behaviors
- Project and plan future spend
- Gain insight into vendor landscapes and product offerings.
The company serves over 50 professional services companies, in four main spend management categories: market data and research, technology, risk management, and corporate travel, with over $300 million total spend under management.