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Top 4 Procurement Unicorn Companies in 2022

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The number of successful companies in the Procurement industry and worth more than $1 billion is becoming increasingly hard to ignore.

Particularly when a lot of these companies were only founded within the last 5 years or so.

That’s why we decided to put together this list of 4 Procurement companies that have achieved the Unicorn status.

4 Procurement Unicorns Companies

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Icertis

Icertis

Icertis simplifies contract management and provides real-time insights. More than just a one-stop shop for contracts, Icertis takes all the guesswork out of ensuring compliance and mitigating risk.

Details of the startup:

  • Valuation:

    $5.00

    B (

    July 2019

    )

  • Country:

    United States

  • City:

    Bellevue

  • Started in:

    2009

  • Founders:

    Monish Darda, Samir Bodas

  • Industries:

    Artificial Intelligence, Cloud Data Services, CRM, Enterprise Software, Information Technology, Procurement, SaaS, Software

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $371.50M

  • Number of funding rounds:

    9

  • Number of investors:

    12

here

Tradeshift

Tradeshift

Tradeshift is a cloud-based platform that allows companies using different ERP, invoicing, and shipping systems to connect and exchange critical business data in real time.

Details of the startup:

  • Valuation:

    $2.70

    B (

    May 2018

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2009

  • Founders:

    Christian Lanng, Gert Sylvest, Mikkel Brun

  • Industries:

    B2B, Enterprise Software, Financial Services, FinTech, Procurement, SaaS, Transaction Processing

  • Number of employees:

    500-1,000

  • Funding Amount:

    $698.85M

  • Number of funding rounds:

    13

  • Number of investors:

    29

here

Infra.Market

Infra.Market

Infra.Market is the one-stop shop for contractors, building departments, and government agencies to quickly find and purchase any material or product needed for your next construction project.

Details of the startup:

  • Valuation:

    $2.50

    B (

    February 2021

    )

  • Country:

    India

  • City:

    Thane

  • Started in:

    2016

  • Founders:

    Aaditya Sharda, Souvik Sengupta

  • Industries:

    B2B, Building Material, Construction, E-Commerce, Marketplace, Procurement

  • Number of employees:

    250-500

  • Funding Amount:

    $381.40M

  • Number of funding rounds:

    11

  • Number of investors:

    26

here

Ivalua

Ivalua

Ivalua provides a suite of web-based spend management solutions that cover the full range of purchase-to-pay and financial close cycle activities.

Details of the startup:

  • Valuation:

    $1.10

    B (

    May 2019

    )

  • Country:

    United States

  • City:

    Redwood City

  • Started in:

    2000

  • Founders:

    David Khuat-Duy

  • Industries:

    Procurement, SaaS, Software

  • Number of employees:

    50-100

  • Funding Amount:

    $133.00M

  • Number of funding rounds:

    3

  • Number of investors:

    3

here
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