Procurated, a Washington, DC-based supplier ratings and review platform used by purchasing professionals in the state and local government and education (SLED) market, closed a $10M Series A financing round.
The round, which brought total funding to $15M, was led by Greycroft, with participation from Tribeca Venture Partners, TDF Ventures and Limerick Hill.
The company intends to use the funds to continue to expand operations and its business reach.
Launched in 2019 by the former Chief Procurement Officer of Pennsylvania, David Yarkin, Procurated is a GovTech company providing a supplier ratings and reviews platform for the public sector. Eight thousand verified employees of state and local governments, universities and school districts have written more than 33,000 reviews on the platform, helping their peers make informed purchasing decisions. Its vendor performance management software helps procurement organizations manage their current suppliers through real time data provided by internal customers.