Procurify CEO Aman Mann secured that initial $400,000 investment from Cuban through a cold-call email.

Procurify claims that 125 million companies do not track outbound spend, making it a $16 Billion market growing at a rate of 30%, which Procurify is set to dominate.įounded by Aman Mann, Kenneth Loi, and Eugene Dong, Procurify graduated from Vancouver’s GrowLab (now Highline) accelerator in 2013, after which the company raised an initial seed round of $1.3 million, led by BDC and Nexus Venture Partner, as well as Mark Cuban. Procurify plans to use the funding to hire across the board and to fuel its next stage of global growth.

The company’s platform manages procurement services via a Software as a Service model providing real-time analytics which shows where a company’s money is going. And with Procurify a company can transform to do just that.” “It’s the pivotal transformation from Reactive to Proactive Spending that results in a smarter Spend Culture. “Investors and executives have begun asking a fundamental question: Do we know what kind of Spend Culture we have?” says Procurify CEO Aman Mann. Procurify’s online and mobile purchasing and accounts payable platform is aimed at small to medium size businesses, as well as not-for-profit organizations and schools, to take some of the pain out of the process of arranging payments and purchasing essential goods and services. and Tom Williams also joining as investors. Richmond, B.C.-based procurement platform developer Procurify has raised $7 million in a Series A funding round, led by Runa Capital, with participation from Point Nine Capital, Nexus Venture Partners and the Business Development Bank of Canada (BDC), with Hedgewood Inc.

Procurify funding