Shared 1 February, 2024
ProcurePro, a Brisbane, Australia-based provider of a platform that enables construction firms to take control of their supply chain, raised $6.15M in funding.
The round was led by AirTree Ventures and Saniel Ventures.
The company intends to use the funds to accelerate growth in the UK as a key expansion market, and consolidate its position across Australia and New Zealand.
Led by Alastair Blenkin, Founder and CEO, ProcurePro provides a software platform that enables construction firms to take control of their supply chain by consolidating 15+ fragmented procurement processes traditionally managed with Excel, Word and 1000s of emails, into a single paperless system with a centralized and efficient process for builders in visibility, consistency and control.
Commenting on the news, Alastair Blenkin said: “We’re on a mission to save one billion hours in unnecessary construction administration and are proud to have redefined how the industry works. To date we’ve automated 200,000+ hours of procurement tasks, a figure which grows exponentially each day.”
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