Procurify, an international cloud procurement software firm headquartered in Vancouver, announced it’s received $4 million investment from Nexus Venture Partners, Point Nine Capital, and BDC. The company will use the funds to expand its product offering and sales and marketing efforts.
With this news also brings forth Hootsuite CEO Ryan Holmes and CFO Steve Johnson as new advisors to the Procurify team.
Jishnu Bhattacharjee, managing director at Nexus Venture Partners said, “Procurify is re-imagining enterprise spend management for the mobile era. Their elegantly simple solution is being adopted at a rapid pace by companies across the world. We are thrilled to be partnering with the Procurify team to help build a great company.”
Aman Mann, co-founder and chief executive officer of Procurify said,“We are excited to be working with investors that have such experience backing successful cloud-technology companies. They are providing Procurify with the expertise and knowledge to help grow the company into a world class organization, dedicated to our mission to create solutions that help unlock the potential of every individual. We are just at the beginning stages of scaling SaaS in the business world and Procurify is on track to lead the transformation.”
Procurify, a HIGHLINE company, makes spending and purchasing easy, through budgeting and analytical reporting. The company has users in over 58 countries and is on track to process over half a billion dollars in purchase orders on its platform this year.