Team Procure
Team Procure is an innovative provider of cloud-based procurement software for growing and large-scale organizations. They offer a comprehensive suite of tools that streamline purchasing processes, including purchase requests, purchase orders, supplier management, and spend analysis. With a focus on efficiency, Team Procure helps businesses save time and money, boasting significant metrics such as $3 billion in procurement volume and managing over 100,000 suppliers. Their products, including SourceBid and Enigma, are designed to enhance procurement strategies and deliver real-world savings to clients.
Team Procure
Team Procure is an innovative provider of cloud-based procurement software for growing and large-scale organizations. They offer a comprehensive suite of tools that streamline purchasing processes, including purchase requests, purchase orders, supplier management, and spend analysis. With a focus on efficiency, Team Procure helps businesses save time and money, boasting significant metrics such as $3 billion in procurement volume and managing over 100,000 suppliers. Their products, including SourceBid and Enigma, are designed to enhance procurement strategies and deliver real-world savings to clients.
TL;DR
Product: Cloud-based procurement suite (purchase requests/orders, RFQs/SourceBid, supplier management, inventory, approvals, spend analysis)
Headquarters: Boise, Idaho, USA
Founders / leadership: Founders: Joe Wolin and Onurhan Öztürk; Onurhan Öztürk listed as CEO
Scale metrics: $3–4B procurement volume; ~100,000 suppliers; 20k e-auctions (reported)
Funding: Seed round Aug 1, 2022; total reported funding USD 1,180,000
Company Overview
Problem Domain
Procurement and spend management for growing and enterprise organizations
Founded
2016
Industry
SaaS / Procurement Software
Funding Track Record
Reported seed round; Crunchbase lists three investors including Capital Eleven and Fatih Isbecer
Investor Signal
“3 investors reported including Capital Eleven and Fatih Isbecer”