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.

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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

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

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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
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