The Vancouver-based software-as-a-service startup Procurify received $4 million in funding from Point Nine Capital, Nexus Venture Partners, and the Business Development Bank of Canada.
Ryan Holmes and Steve Johnson, CEO and chief revenue officer of Hootsuite, a successful social media management platform also based out of Vancouver, are becoming advisors to Procurify, which offers purchasing software to small- and medium-sized businesses.
“We are excited to be working with investors that have such experience backing successful cloud-technology companies,” said Aman Mann, co-founder and chief executive officer of Procurify.
“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.”
The $4 million funding boost will be used towards continued growth in the multi-billion dollar cloud and mobile enterprise software market with further investment into sales, marketing and product development.
“Procurify is re-imagining enterprise spend management for the mobile era,” said Jishnu Bhattacharjee, managing director at Nexus Venture Partners.
“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.”
Procurify is used in over 58 countries world-wide for a variety of industries, including hospitality groups, technology companies, and more.