Procurified Raises $1.1M in Seed Funding

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  • UAE-based construction bid management platform Procurified has raised a $1.1m funding round, led by UAE-based Aditum Investment Management, with participation from US-based Signal Peak Ventures. United, Al Hathboor Group, Empede Capital and some angel investors.
  • Founded in 2019 by Marc Lemmens and Rupert Tait, Procurified connects buyers with their suppliers to automate the manual Excel and PDF process of project tenders.
  • The new funding will accelerate the startup’s growth by acquiring new talent.

Press release:

Dubai-based construction bid management platform Procurified has raised $1.1m for its Seed Round. The round was led by DIFC-based Aditum Investment Management, with participation from US-based Signal Peak Ventures, Al Hathboor Group, Empede Capital and strategic angels.

“We are thrilled to partner with the great team at Procurified. Rupert and Marc solve a very difficult problem in a large market. The founders’ view of these challenges is reflected in their product design and business model, with a particular focus on reducing friction for customers to adopt and a very short ‘time to value’ from adoption. , commented Lachlan Hughes of Aditum.

Procurified connects buyers with their vendors to automate a highly manual project bidding process based on Excel and PDF. “We are delighted to have closed our funding round with very good investors. Our priority now is to build a great team. We are therefore recruiting for key positions in the areas of product, engineering and sales. We are excited about our ambitious growth trajectory, with our Series A round within the next 12-18 months,” said Rupert Tait, co-founder.

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