Ignite logo — Empowering responsible decision-making

Ignite

Empowering responsible decision-making

Founded 2017 Norway Norway 74 employees Series A Total: $49.60M Information Technology, SaaS

General Information

Company Name Ignite
Founded Year 2017
Location Norway Norway
Founders / Decision Makers
Team member
Employees 74
Industries Information Technology, SaaS
Funding Stage Series A
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Usage Based, Tiered Pricing
Social

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

New Partnership Sep 30, 2026

Ignite announced a strategic partnership with Inventura AS, combining expertise to deliver cost savings and improved supplier performance.

Event Participation Sep 29, 2026

Ignite is participating as an exhibitor at DI Inköp, where their Swedish team is in the partner area and Jonathan Bjurestam is speaking.

Product Launch Sep 29, 2026

Ignite announced its biggest product launch to date, a major highlight during the recent quarter.

Major Customer Win Sep 29, 2026

Ignite featured a customer story with TGS, indicating TGS as a significant client for the company this quarter.

About Ignite

Ignite, founded in 2017 and headquartered in Norway, operates in the Information Technology and SaaS industries. The company positions itself as the premier procurement and supplier intelligence platform, committed to “Empowering responsible decision-making.”

Ignite addresses the common challenge of scattered and siloed procurement data by providing an integrated solution that centralizes, connects, and enriches data into actionable intelligence. This allows companies to manage supplier relationships, analyze spend, monitor contracts, assess risks, calculate emissions, and uncover savings, all from a single platform. This approach not only simplifies processes but also enhances decision-making efficiency, eliminating the dependence on disparate spreadsheets and tools.

Recently, Ignite secured a €4.50M Series A investment, led by notable investors including SNÖ Ventures, Arkwright X, Investinor, Skagerak Capital, MP Pensjon, and Grieg Kapital. It has gained the trust of forward-thinking companies such as Veidekke, OBOS, Stena Metall, Strawberry, and Jordanes, highlighting the platform’s growing reputation and market penetration.

Business keywords: Procurement Intelligence, Supplier Management, Spend Analytics, Supplier Intelligence, Contract Management, Risk Mitigation, Carbon Accounting, Sustainable Procurement, Scope 3 Reporting, KPI Dashboard, Strategic Procurement, Supplier Relationship Management, Procurement Data Management, Opportunity Assessment, Cost Cutting

Services & Products

Data Centralization
Actionable Insights
Supplier and Spend Data Enrichment
Procurement Data Unification

Target Customers

Procurement Teams Supply Chain Managers Sustainability Officers Finance Departments Industry-specific Corporations (Construction, Manufacturing, Aquaculture, Oil & Gas, etc.)

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series A €4.50M 6
SNÖ Ventures, Arkwright X +4
10 Nov 2023
Series A $7.10M 4
Arkwright X, Investinor +2
27 Jun 2022
Seed Round kr30.00M 4
SNÖ Ventures, Arkwright X +2
16 Apr 2021
Seed Round kr8.00M 3
SNÖ Ventures, Arkwright X +1
07 Nov 2019

Ignite Alternatives & Competitors

View All Alternatives
Ignite vs
Scoutbee
Scoutbee United States

Connecting buyers and suppliers through the world's richest AI-driven procurement network.

Series B
27 employees
AI, Analytics
Ignite vs
JAGGAER
JAGGAER United States

Autonomous Commerce

Private Equity
1445 employees
Enterprise Software, Information Technology
Ignite vs
BeWo
BeWo Denmark

Smarter Spend. Better world.

Seed
21 employees
ESG, Information Technology

FAQ About Ignite

Empowering responsible decision-making
Ignite was founded in 2017.
Ignite is headquartered in Norway.
Ignite operates in Information Technology and SaaS. Its work centres on Procurement Intelligence, Supplier Management, Spend Analytics and Supplier Intelligence. Its customers include Procurement Teams, Supply Chain Managers and Sustainability Officers.
Ignite has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Usage Based and Tiered Pricing.
Ignite has approximately 74 employees.
Ignite has completed 4 funding rounds, raising a total of $49.60M. The latest funding stage is Series A.
Ignite offers: Data Centralization, Actionable Insights, Supplier and Spend Data Enrichment, Procurement Data Unification.
Top alternatives and competitors to Ignite include Scoutbee, JAGGAER, BeWo, Kodiak Hub, Suppeco. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ignite and Scoutbee are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Ignite, https://bouncewatch.com/company/ignite, updated 2 October 2026. When citing, please name BounceWatch and link this page.

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