Nexus Venture Partners leads $4 mn investment in Canadian start-up Procurify

Procurify is used in more than 58 countries and is the go-to solution for a variety of industries and institutions

Nexus Venture Partners, one of the leading Indian VC firm, along with Point Nine Capital and the Business Development Bank of Canada invested $4 million in Canadian SaaS startup Procurify. The company will use this funding to fuel its continued growth in the multi-billion dollar cloud and mobile enterprise software market with further investment into sales, marketing and product development.

Jishnu Bhattacharjee, managing director at Nexus Venture Partners said "Procurify is re-imagining enterprise spend management for the mobile era. Their elegantly simple solution is being adopted at a rapid pace by companies across the world. We are thrilled to be partnering with the Procurify team to help build a great company."

Aman Mann, co-founder and chief executive officer of Procurify said,"We are excited to be working with investors that have such experience backing successful cloud-technology companies. They are providing Procurify with the expertise and knowledge to help grow the company into a world class organisation, dedicated to our mission to create solutions that help unlock the potential of every individual. We are just at the beginning stages of scaling SaaS in the business world and Procurify is on track to lead the transformation."

 

Procurify is used in more than 58 countries and has become the go-to solution for a variety of industries including schools, hospitality groups, technology companies and more. Its clients include GardaWorld, one of the largest privately owned business solutions and security services companies in the world, and AltSchool, a fast-growing chain of schools with locations throughout San Francisco and aggressive plans to expand nationwide.

Procurify is on track to process over half a billion dollars in purchase orders on its platform this year.