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ProcurePro Raises $6.15M in Funding

Finsmes · 1y ago

ProcurePro Raises $6.15M in Funding

ProcurePro, a Brisbane-based construction supply chain platform, has secured $6.15 million in funding led by AirTree Ventures and Saniel Ventures. The company aims to use the funds to expand in the UK and solidify its presence in Australia and New Zealand. ProcurePro's software consolidates fragmented procurement processes into a streamlined paperless system, providing builders with improved visibility, consistency, and control. The platform has already automated over 200,000 hours of procurement tasks, with that number increasing daily.

Related News

Odyssey Raises $6M in Funding

Finsmes · 1y ago

Odyssey Raises $6M in Funding

Odyssey, an energy drink company based in Fort Lauderdale, FL, has secured $6M in funding. The funding will be used to drive the company's expansion in the retail sector and further develop its beverage portfolio. Odyssey offers a line of functional beverages that promote focus, mindful energy, and mood, with products that are free from added sugar, preservatives, artificial flavors, or sweeteners. The brand's products are available nationwide in various retailers. The funding round investors have not been disclosed.

Newcells Biotech Raises Further £2.35M in Funding

Finsmes · 1y ago

Newcells Biotech Raises Further £2.35M in Funding

Newcastle-based company Newcells Biotech has secured $2.35 million in funding, bringing its total funding to £12 million. The funding round was backed by North East Venture Fund, European Regional Development Fund, Mercia Ventures, and Northstar Ventures. Newcells Biotech specializes in 3D models that mimic human body processes, providing data for pharmaceutical companies to test the effectiveness and safety of their drugs. The funding will support the company's growth and help establish its position in the industry.

Khyaal Raises USD 4.2M

Finsmes · 1y ago

Khyaal Raises USD 4.2M

Mumbai-based app provider for seniors, Khyaal, has secured $4.2 million in funding, bringing its total funding to $5.4 million. The funding round was led by 62Ventures, SVQuad, and Inventus Capital, with participation from several other investors. The company plans to use the funds to expand its operations and reach. Khyaal's app offers a community for seniors and their families with entertainment content, games, and financial services tailored to their needs, including a smart payment card. The app also provides curated travel plans for seniors to explore new experiences safely.

Smartstaff raises 6.2M $ from returning investors

Economic Times

Economic Times · 2y ago

Smartstaff raises 6.2M $ from returning investors

The funding included $5,00,000 of debt funding from Alteria Capital, Smartstaff founder and CEO Arpit Dave told ETtech. Alteria Capital was the only new investor in the funding round. SmartStaff provides AI-powered HR solutions to enterprises, including recruitment and employee engagement tools. The investment from returning investors highlights confidence in the company's growth potential and its ability to address the evolving needs of the HR tech market.

Xampla Raises $7M in Funding

Finsmes · 1y ago

Xampla Raises $7M in Funding

Cambridge-based natural materials company, Xampla, has secured $7 million in funding, bringing their total funding to $17.6 million. The funding round saw participation from various investors including Amadeus Capital Partners and Horizon Ventures. Xampla plans to use the funds to expand their consumer brand, Morro, into new markets and advance the production of biodegradable, plant-based materials as alternatives to single-use plastics. The company's technology is already being used by notable brands and they aim to explore additional applications and optimize efficiency in collaboration with partners.

Sprinto Raises $20 Mn From Accel, Others

Inc42 · 1y ago

Sprinto Raises $20 Mn From Accel, Others

RegTech startup Sprinto has raised $20 million in Series B funding led by Accel. The funding round also included participation from existing investors Elevation Capital and Blume Ventures. Sprinto, founded in 2020, provides enterprises with automation tools for risk and compliance requirements. The company plans to use the funding for research and development, focusing on intelligent automation and artificial intelligence, as well as expanding into new markets.

Apkfollow Raises Seed Funding

Finsmes · 1y ago

Apkfollow Raises Seed Funding

Apkfollow, a startup based in Ludhiana, Punjab, India, has raised an undisclosed amount of Seed funding for its privacy-focused Android app store. The funding will be used to launch the app store, which aims to provide users with over 700,000 apps while prioritizing user privacy. Apkfollow is working with app developers to offer a wide range of high-quality and diverse applications on its platform.

Pure EV raises $8 million in funding

Economic Times

Economic Times · 1y ago

Pure EV raises $8 million in funding

Indian electric two-wheeler company, Pure EV, has raised $8 million in funding from investors including Bennett Coleman and Company Ltd and Hindustan Times Media Ventures. The company is also in the process of finalizing a Series A1 funding round of $25 million, with ongoing discussions for a Series A2 funding amounting to $15 million with potential investors from Dubai, Hong Kong, and Singapore. Pure EV plans to expand its sales network from 140 to 300 dealers in the next six months.

Pratilipi raises ₹10.11 cr from Alteria Capital

Inshorts · 7m ago

Pratilipi raises ₹10.11 cr from Alteria Capital

Bengaluru-based self-publishing platform Pratilipi has raised ₹10.11 crore in a bridge funding round, which was a mix of equity and debt, from Alteria Capital. Out of the ₹10.11 crore, about ₹5 crore was raised in debt and the remaining was equity funding, as per the startups regulatory filings.

Cohere Health Raises $50M in Equity Funding

Finsmes · 1y ago

Cohere Health Raises $50M in Equity Funding

Cohere Health, a Boston-based company specializing in clinical intelligence and prior authorization automation, has raised $50 million in equity funding. This funding round, led by Deerfield Management, brings the company's total funding to $106 million. Cohere Health plans to use the funds to expand its platform to meet increasing demand. The company's clinical intelligence technology aligns physicians and health plans to provide evidence-based care paths and improve patient outcomes. Cohere Health currently serves five health plans and processes 5.5 million intelligent prior authorizations annually.

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