Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).
Procurement Unicorns

Top 4 Procurement Unicorn Startups in 2021

Here’s a full list of unicorn companies in the procurement industry that have made it to the US$1B valuation.

Ad

Startup Foundations

You don’t need developers to launch your startup. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

Once a company crosses the USD 1 billion mark, it becomes part of a rare and exclusive club: The Unicorn Club.

This next list contains 4 companies in the procurement space that have achieved a valuation of more than $1 billion dollars; or in other words, have reached a so-called “Unicorn” status.

Top 4 Procurement Unicorn Startups

Ad

Startup Foundations

You don’t need developers to launch your startup. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

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:

    $2.80

    B (

    July 2019

    )

  • Country:

    United States

  • City:

    Bellevue

  • Started in:

    2009

  • Founders:

    Monish Darda, Samir Bodas

  • Industries:

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

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $291,000,000

  • Number of funding rounds:

    6

  • Number of investors:

    10

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:

    $1.00

    B (

    February 2021

    )

  • Country:

    India

  • City:

    Thane

  • Started in:

    2016

  • Founders:

    Aaditya Sharda, Souvik Sengupta

  • Industries:

    Construction, E-Commerce, Marketplace, Procurement

  • Number of employees:

    50-100

  • Funding Amount:

    $161,545,746

  • Number of funding rounds:

    7

  • Number of investors:

    8

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:

    France

  • City:

    Orsay

  • Started in:

    2000

  • Founders:

    David Khuat-Duy

  • Industries:

    Procurement, SaaS, Software

  • Number of employees:

    50-100

  • Funding Amount:

    $134,378,999

  • Number of funding rounds:

    3

  • Number of investors:

    3

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:

    1,000-5,000

  • Funding Amount:

    $661,000,000

  • Number of funding rounds:

    10

  • Number of investors:

    23

here
The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles, curated resources for founders, and updates on how I’m growing the site to $10k/mo. Join +9,000 other startup founders!