Ignite logo — Empowering responsible decision-making

Ignite

Empowering responsible decision-making

Founded 2017 Norway Norway 72 employees Series A Total: $49.60M Information Technology, SaaS

General Information

Company Name Ignite
Founded Year 2017
Location Norway Norway +2
Founders / Decision Makers
Team member
Employees 72
Industries Information Technology, SaaS
Funding Stage Series A
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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.

Taxonomy: 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 •••••• 6
Investor Investor Investor Investor Investor Investor
10 Nov 2023
Series A •••••• 4
Investor Investor Investor Investor
27 Jun 2022
Seed Round •••••• 4
Investor Investor Investor Investor
16 Apr 2021
Seed Round •••••• 3
Investor Investor Investor
07 Nov 2019

Ignite Alternatives & Competitors

View All Alternatives
Ignite vs
Tropic
Tropic United States

Stop Overpaying for AI and Software.

Unknown
301 employees
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Ignite vs
Tacto
Tacto Germany

Stronger AI. Stronger Procurement. Stronger Company. Stronger Future.

Series A
161 employees
AI, Enterprise Software
Ignite vs
Market Dojo
Market Dojo United Kingdom

Sourcing and Supplier Performance Solutions On-demand

44 employees
Enterprise Software

FAQ About Ignite

Empowering responsible decision-making
Ignite was founded in 2017.
Ignite is headquartered in Norway.
Ignite operates in the following industries: Information Technology, SaaS.
Ignite has approximately 72 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 Tropic, Tacto, Market Dojo, Ignite Procurement, Scoutbee. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ignite and Tropic 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.

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