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Artificial Intelligence Machine Learning North America Predictive Analytics Procurement SaaS Software Supply Chain Management

LevaData Raises $47M in Series C Funding

– LevaData announced a $47m Series C funding round.
– The round was led by Banneker Partners with participation from Tola Capital.
– The investment comes after the company experienced significant global revenue growth during the first half of 2021.
– LevaData offers supply management teams the predictive insights needed to act before cost and events negatively impact margins or speed to market.
– Many of the world’s largest brands rely on LevaData.
– The investment and partnership will help LevaData accelerate its growth strategies at a time when its customers and primary markets are most vulnerable and need them most.
– Areas of investment priorities include the continuous improvement of their integrated platform capabilities, a deeper physical presence in key global markets, and the creation of hundreds of new jobs.

Procurement SaaS Software Western Europe

Sastrify snags $7M to help SMEs manage SaaS buying

– Sastrify, a startup offering a platform to help businesses manage third-party services, raised $7m in funding.
– The round was led by HV Capital and the founders of FlixMobility, Personio and SumUp.
– It brings Sastrify to a valuation of $10m.
– The startup plans to use the funding to expand its team and to further develop its product.

Artificial Intelligence B2B Big Data Latin America Machine Learning Procurement SaaS

WherEX Raises $7M in Series A Funding

– WherEX is a Santiago, Chile-based e-sourcing company.
– The company raised $7M in Series A funding.
– The round was led by Kayyak Ventures with participation from FJ Labs, Jaguar Ventures and Tuesday Capital.
– The new investment will be aimed at expanding to LatAm and the US market.

Marketing North America Procurement SaaS Software

Tropic picks up $25M to streamline software procurement experiences

– SaaS procurement platform Tropic raised $25m in Series A funding.
– The round was led by Canaan Partners and joined by Founder Collective and Shine.
– It brings Tropic to a total funding of $27.1m.
– The company plans to use the funding to expand its sales and marketing efforts.

Analytics Artificial Intelligence Enterprise Software Machine Learning North America Procurement SaaS

Part Analytics Closes $3M Equity Financing

– Part Analytics, a Milwaukee, WI – based direct sourcing software platform that applies artificial intelligence to reduce costs, identify hidden risks and accelerate product development for global manufacturing companies, closed a $3m equity financing.
MK Capital made the investment.
– The company intends to use the funds to accelerate the adoption of AI-powered technologies into direct procurement processes in manufacturing; and further enhance its Design to Source platform.

Building Material Construction E-Commerce Marketplace Procurement South Asia

India’s Infra.Market valued at $2.5B in Tiger Global-led $125M funding

– Infra.Market, an Indian startup that is helping construction and real estate companies in the world’s second-most populated nation procure materials and handle logistics for their projects, said it has secured its third financing round in the past nine months.
Tiger Global led the $125m Series D financing round in the five-year-old startup.
– The new round valued Mumbai-headquartered Infra.Market at $2.5 billion (post-money), up from $1 billion in February and $200 million in December last year.
– The startup has raised about $275 million to date.

Analytics Artificial Intelligence Big Data Internet Machine Learning North America Predictive Analytics Procurement Software

Simfoni Raises $15M in Series B Funding

– Simfoni is a San Francisco, CA-based digital solutions provider for Spend Intelligence and Spend Automation.
– The company raised $15m in Series B funding.
– The round was led by Peakspan Capital.
– The company intends to use the funds to expand sales and marketing efforts.

Analytics Consulting Financial Services Information Services Insurance North America Procurement

Concertiv Receives Majority Investment from Long Arc Capital

– Concertiv, Inc. a NYC-based data analytics, decision support and technology-enabled services platform for professional services firms, received a majority investment from Long Arc Capital, LP.
– The amount of the deal was not disclosed.
– The company will use the capital to build product and engineering capabilities, accelerate sales and marketing initiatives, and strengthen its customer execution teams.

Cloud Data Services CRM Enterprise Software Information Technology North America Procurement SaaS Software

Icertis Solidifies CLM Market Leadership with $80 Million Series F Round

– Icertis solidifies CLM market leadership with $80m Series F round
– Icertis is the contract intelligence company that pushes the boundaries of what’s possible with CLM.
– Icertis is experiencing accelerated growth, despite headwinds from COVID-19, highlighting the critical importance of contracts and CLM’s emergence as a “must have” system of intelligence for CxOs.
– Icertis leads the category because the Icertis Contract Intelligence (ICI) platform digitizes the contracting process, uniquely extracts the critical structured and unstructured data found in contracts, connects this data to operational surround systems, and leverages the power of AI to ensure the intent of every contract is fully realized.

Asia Construction E-Commerce Marketplace Procurement

Infra.Market becomes India’s newest unicorn with $100 million fundraise

– Infra.Market, a startup that helps construction and real estate companies procure materials and handle logistics for their projects, raised $100m in Series C funding.
– The round was led by Tiger Global and joined by Foundamental, Accel Partners, Nexus Venture Partners, Evolvence India Fund and Sistema Asia Fund.
– The startup was valued at $1bn post-money.

North America Procurement SaaS Supply Chain Management

Enterprise Supplier Data Optimization Company Tealbook Raises $14.4 Million

– Tealbook is a trusted source of supplier data.
– The company raised $14.4m in Series A funding.
RTP Global led the round and joined by BDC Capital, Grand Ventures, Reciprocal Ventures, Refinery Ventures, S&P Global, Stand Up Ventures and Workday Ventures.
– The company plans to use the funds to support the platform’s continued innovation, and drive sales and marketing initiatives further expanding the company’s global footprint.

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