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Procol
Advanced procurement software that is flexible, user-friendly, cost-effective, enterprise-grade secure, and can be deployed in under 7 days to optimize procurement management
About Procol
Procol is a procurement technology company that offers a suite of software solutions designed to digitize and streamline the procurement process for businesses. The company primarily serves large enterprises, with solutions deployed at companies with revenues exceeding $100 million and even $1 billion.
Procol's platform helps organizations move away from traditional methods like emails and spreadsheets to a more integrated and automated system. Its core offerings include strategic sourcing software, e-sourcing tools, and an online auction platform. These tools are designed to help businesses reduce costs, improve compliance, and enhance efficiency in their procurement operations. The company emphasizes features like real-time bidding, supplier communication and coordination, and intelligent automation for approvals and decision-making. By providing a centralized platform, Procol aims to bring transparency and data-driven insights to the entire source-to-pay lifecycle.
The business model appears to be B2B SaaS, where clients subscribe to their procurement software. The company offers flexible pricing plans and the ability to get a personalized quote, suggesting a tiered or customized subscription model based on the client's needs.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jun 2022 | $5.5M | $75M | Beenext · GMO Venture Partners · Surge · Vistra ITCL | ↗ |
| SEED✓Equity / VC | Jul 2020 | $4M | $16M | Surge | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Procol is 46K monthly website visits, down 4.2% over the last three months. Procol's team grew 3.6% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Blume Ventures
Surge
Series A4 investors entered at this stage
Beenext
GMO Venture Partners
Vistra ITCL
Mars Shot Ventures
Other known investors2 additional known investors
Alarko Ventures
Y Combinator
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Procol on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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