Procurify funded $4m to ease B2B purchasing – PYMNTS.com

Procurify funded $4m to ease B2B purchasing

By: PYMNTS.com

Article originally published on July 24, 2015 on PYMNTS.com

Procurify — a procurement startup which aims to make purchasing more effective and efficient for small- to medium-sized businesses through its purchasing management solution — announced the closing of $4 million in seed funding Wednesday (July 22).

The new capital will be used to expand Procurify’s cloud-based software as a service (SaaS) purchasing platform as well as accelerate sales, marketing and product development.

The investors who participated in the funding round included Point Nine Capital, Nexus Venture Partners and the Business Development Bank of Canada. The company also noted that Hootsuite CEO Ryan Holmes and Hootsuite CRO Steve Johnson joined the investment round and will act as advisors to the Procurify team.

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