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Scout RFP
Scout RFP is an innovative e-sourcing solution for companies in all industries
About Scout RFP
Scout RFP operates in the procurement and strategic sourcing market, offering a cloud-based platform designed to streamline and optimize sourcing activities. The platform serves a diverse range of clients, including large enterprises and mid-sized companies, across various industries. Scout RFP's business model revolves around providing software-as-a-service (SaaS) solutions that facilitate the entire sourcing process, from project intake and sourcing pipeline management to contract and supplier management, as well as RFx and reverse auctions. The company generates revenue through subscription fees for its platform, which is known for its ease of use and quick implementation, leading to high adoption rates among users. Scout RFP's platform enhances procurement efficiency by centralizing data, improving communication, and enabling smarter sourcing decisions. It also supports collaboration through features like Team Chat and Automated Messaging, and helps clients maximize savings and create value through competitive bidding in reverse auctions. The platform's intuitive interface and comprehensive features make it a valuable tool for procurement professionals looking to drive better business outcomes.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2014
- Headquarters
- Cleveland, United States
- Employees
- 35
- Open positions
- None listed
- Dealroom signal
- 45.1/100
- Industry
- Telecom, Enterprise Software
- Sector
- Other B2B Software, Supply Chain Management, Procurement, Innovation Management, Developer Tools, Sourcing, Immersive Technologies, Auction, Hard Tech
- Technology
- Virtual Reality
- Business model
- SaaS
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Scout RFP.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Nov 2019 | $540M | $540M | Workday | — |
| SERIES COther financing | Jan 2019 | $33M | $132M | Menlo Ventures · Salesforce Ventures · NewView Capital · Scale Venture Partners | ↗ |
Growth signals
Latest recorded traffic for Scout RFP is 1.2K monthly website visits, down 68.4% over the last three months. Scout RFP's team declined 5.4% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
NEA
Zapis Capital Group
Techammer- DCDrummond Road Capital
Series A1 investor entered at this stage
Series B and later4 investors entered at this stage
Scale Venture Partners
Salesforce Ventures
NewView Capital
Workday Ventures
Other known investors1 additional known investor
Workday
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Scout RFP 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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