12 Best Procurement Software Startups to Watch in 2025

The Definitive Seedtable Ranking of Procurement Software Startups

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 12 start-ups with an aggregate funding of $3.1b. The average funding per company in this subset is $260.5m.

Last update to the database: Jul 22, 2025. See changelog.

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10

Funding Rounds

$2.5b

Money raised

Tipalti automates the way companies pay suppliers, partners, publishers and employees with cloud-based solutions which addresses all phases of the payables workflow.

Key people:

4

Funding Rounds

$83.1m

Money raised

Kojo (previously known as Agora) is a company behind a software platform that helps construction and electrical contractors get materials to the job site.

Location:

Key people:

6

Funding Rounds

$138.7m

Money raised

Pipefy is a software company offering a workflow management and process improvement platform.

Location:

Key people:

5

Funding Rounds

$32.2m

Money raised

Procurify was developed to streamline purchases, give spending reports and visibility throughout the purchasing process.

Key people:

3

Funding Rounds

$11.2m

Money raised

Quartzy is a lab management platform company founded in 2011 by Jayant Kulkarni.

Key people:

9

Funding Rounds

$50.0m

Money raised

Teampay's distributed spend management platform aims to give users total control and visibility over spending while empowering employees with purchasing power.

3

Funding Rounds

$90.5m

Money raised

Airbase is a spend management platform for businesses with 100-5,000 employees.

Location:

Key people:

5

Funding Rounds

$118.0m

Money raised

OpenGov is a Mountain View, California-based company founded in 2012 by Joe Lonsdale, Mike Rosengarten and Nate Levine.

4

Funding Rounds

$51.0m

Money raised

Sastrify is a software development company focusing on supporting high-growth companies with their SaaS negotiation, budgeting, and automation.

1

Funding Rounds

$4.0m

Money raised

Vroozi is a California-based company developing procurement software.

2

Funding Rounds

$22.0m

Money raised

Bonfire is a company developing software for procurement teams and stakeholders for making purchasing decisions. It participated in the W15 cohort of Y Combinator.

1

Funding Rounds

$20.0m

Money raised

Parspec is a B2B SaaS startup founded in 2021, headquartered in San Mateo, CA. It delivers an AI-powered procurement platform that streamlines quoting, spec matching, and submittal creation for construction material distributors and contractors.

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