Canadian SaaS startup Procurify raises around $4M in seed round from Nexus, others
By: Anuradha Verma
Procurify expects to process over half a billion dollars of purchase orders on its platform this year.
Canada-based Software-as-a-Service (SaaS) startup Eka Innovations Inc that operates under the Procurify brand has secured $4 million in seed investment from Nexus Venture Partners, Point Nine Capital and the Business Development Bank of Canada, according to a press release.
The startup, which offers purchasing software to small- and medium-sized businesses worldwide, will use the funds to fuel its continued growth in the multi-billion dollar cloud and mobile enterprise software market with further investment into sales, marketing and product development.