The procurement sector focuses on helping businesses manage their spending and supplier relationships. This space includes companies like Icertis, a contract management platform valued at $5 billion, and Tradeshift, which has raised over $1.1 billion in funding.
The field contains both long-standing companies and recent startups. For example, Ivalua was founded in 2000, while the newer entrant Zip reached a $2.2 billion valuation just two years after its founding.
Below is the full list of 4 Procurement unicorn startups at this time.
Top 4 Most Valuable Procurement Unicorns
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1,600+ Unicorns
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250 AI Investors
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250 Fintech Investors
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Get the Sheet for $50Icertis builds an AI-powered contract intelligence platform that helps enterprises manage their commercial agreements. They are known for turning static contract documents into structured data, which helps companies ensure compliance and reduce risk.
| Valuation | $5.B (Joined July 2019) |
| Headquarters | Bellevue, Washington, United States |
| Year Founded | 2009 |
| Founders | Monish Darda, Samir Bodas |
| Funding Amount | $566.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | SAP, Meritech Capital Partners, Headline, Greycroft, B Capital |
Tradeshift provides a digital marketplace and network that connects buyers with their suppliers across the globe. They specialize in digitizing supply chain payments and financing, helping companies manage invoices and get paid faster.
| Valuation | $2.7B (Joined May 2018) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2009 |
| Founders | Christian Lanng, Gert Sylvest, Mikkel Brun |
| Funding Amount | $1.1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | DCVC, Goldman Sachs, Notion Capital, HSBC, RTP Global |
Zip builds a procurement orchestration platform that gives employees a single, simple way to initiate a purchase request. Their software automates the entire intake-to-pay process, giving finance and procurement teams full visibility and control over company spend.
| Valuation | $2.2B (Joined May 2022) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2020 |
| Founders | Eyas Kelani, Lu Cheng, Rujul Zaparde |
| Funding Amount | $371.3M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Tiger Global Management, Bond, CRV, Y Combinator, Adams Street Partners |
Ivalua builds a unified, cloud-based platform for spend management, covering the complete source-to-pay process for businesses. Their software provides a single view of all suppliers and spend categories to help companies digitize procurement and control costs.
| Valuation | $1.1B (Joined May 2019) |
| Headquarters | Massy, Ile-de-France, France |
| Year Founded | 2000 |
| Founders | David Khuat-Duy |
| Funding Amount | $134.4M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | Ardian, Kohlberg Kravis Roberts, Tiger Global Management |
