Procurify, a Vancouver, Canada-based provider a spend management solution for mid-market organizations, raised $50M in Series C funding.
The round was led by Ten Coves Capital and Export Development Canada (EDC) with participation from existing investors including Information Venture Partners and HarbourVest, et al. In conjunction with the investment, Steve Lula, Partner at Ten Coves Capital, who will join Procurify’s Board of Directors.
The company intends to use the funds to accelerate the development of its AI-enhanced procure-to-pay platform.
Led by CEO Aman Mann, Procurify provides an intelligent spend management platform, unifying Purchasing, AP Automation and Data Analytics into a single dashboard to offer visibility and control over business expenses. Used by customers across industries, the platform is comprised of its comprehensive mobile app for iOS and Android, rapid onboarding, and support.
FinSMEs
17/10/2023