Procurify

Procurify
Private
Industry Enterprise Software
Founded British Columbia, 2013
Founder

Aman Mann, Kenneth Loi,

Eugene Dong
Headquarters Richmond, British Columbia
Website www.procurify.com

Procurify is a cloud-based procurement software company located in Richmond, British Columbia, Canada. Procurify's main product offering is a cloud-based procurement solution which can be used to manage company spending. Companies that offer procurement solutions will typically focus on automation and of company spending in real-time. The current Procurify platform is considered horizontal, rather than industry specific.[1]

Procurify is headquartered in Richmond, British Columbia and was founded in 2013 by CEO Aman Mann, CTO Eugene Dong, and COO Kenneth Loi.[2]

Technology

Procurify's cloud based procurement software solution is used by companies to manage organizational purchasing and procurement. Like most e-procurement solutions available, Procurify focuses on providing users features including digital purchase order submission and accounts payable automation. Procurify is hosted on the Amazon Web Services and is built using Django. The solution is available as a SaaS. Procurify is offered as a browser-based and mobile procurement software.

Company history

The company founders are BCIT School of Business alumni who graduated together in Operations Management in 2011.[3][4]

The idea for Procurify came from a BCIT class project where the founders Aman Mann - CEO, Eugene Dong - CTO, and Kenneth Loi - COO were randomly placed together to consult a Vancouver-based business on their internal processes.

In November 2012, they joined the Growlab Accelerator program.[5] In February 2013, Procurify graduated from Vancouver-based incubator program GrowLab.[6] In April 2014, Procurify raised a total of 1.2 Million seed round from venture capitalists Nexus Ventures, BDC and Mark Cuban.[7][8][9] In July 2015, Procurify raised another seed round totaling $4 Million from Point Nine Capital, Nexus Venture Partners and the Business Development Bank of Canada (BDC). Hootsuite’s CEO Ryan Holmes and its chief revenue officer Steve Johnson also participated in this round.[10]

References

  1. ↑ "Procurify Media Kit". Procurify. Retrieved 7 April 2016.
  2. ↑ "Media Kit" (PDF). Procurify. Retrieved 7 April 2016.
  3. ↑ "NBA Owner Invests With BCIT Alumni". BCIT. Retrieved 14 April 2016.
  4. ↑ "How We Got Mark Cuban To Invest In Our Company". Globe and Mail. Retrieved 14 April 2016.
  5. ↑ "GrowLab Announces Its Five Winter 2012 Cohort Companies". TechVibes. Retrieved 714 April 2016. Check date values in: |access-date= (help)
  6. ↑ "GrowLab Companies on GlobalBC and ShawTV!". GrowLab. Retrieved 14 April 2016.
  7. ↑ Thomas, Knowlton. "Vancouver's Procurify Raises $1.2 Million Seed Round from BDC, Mark Cuban". TechVibes. Retrieved 1 May 2014.
  8. ↑ Lewis, Rob. "BDC Venture Capital Invests in All Four GrowLab Graduates". TechVibes. Retrieved 1 May 2014.
  9. ↑ Koetsier, John. "Procurify is securing a $400K Mark Cuban investment even before graduating from GrowLab". VentureBeat. Retrieved 4 March 2014.
  10. ↑ Lardinois, Frederic. "Procurify Raises $4M To Make Purchasing Easier For Businesses". TechCrunch. Retrieved 7 April 2016.
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