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Procol logo — The world's #1 easy to use procurement platform.

Procol

The world's #1 easy to use procurement platform.

Founded 2022 United States New York, United States 213 employees Series A Total: $10.50M Enterprise Software, IT +2

General Information

Company Name Procol
Founded Year 2022
Location United States New York, United States
Employees 213
Industries Enterprise Software, IT, Information Technology +1
Funding Stage Series A
Business Model SaaS, B2B, Platform
Revenue Model Subscription, Tiered Pricing, Value Based Pricing
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About Procol

Procol, founded in 2022, is an AI-native procurement platform with the slogan "The world's #1 easy to use procurement platform." The startup operates in the Enterprise Software and SaaS industries, aiming to transform the trillion-dollar enterprise procurement market. The company is headquartered in the United States.

Backed by prominent investors including Peak XV Surge (formerly Sequoia India), Blume Ventures, and Beenext, Procol secured a $5.50M Series A investment in June 2022. Other contributors to this round were GMO Venture Partners, Mars Shot Ventures, and Vistra ITCL.

The founding team, comprising alumni from Google New York, Zomato, and OYO, brings a wealth of experience and expertise to the table. With a clear mission to digitize over $1 trillion in enterprise procurement spending, Procol is well-positioned for significant growth in the SaaS sector.

Taxonomy: Procurement Software, AI-native Platform, Spend Management, SaaS Startup, Cost Savings, Digital Transformation, Enterprise Procurement, Supply Chain Optimization, Strategic Sourcing, Finance Transformation, Procurement Transformation, Source to Pay

Services & Products

Procurement Software
Strategic Sourcing
AI-Driven Spend Analytics
Vendor Management
Procurement Automation
eAuction Pro

Target Customers

Enterprises Procurement Teams Finance Teams Supply Chain Managers Manufacturing Companies Construction Companies IT and Services Sector

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $5.50M 6
Blume Ventures Beenext Capital GMO Venture Partners
Blume Ventures, Beenext Capital +4
01 Jun 2022
Seed $4.00M 1
Surge
Surge
01 Jul 2020
Seed $1.00M 1
Blume Ventures
Blume Ventures
01 Jul 2019

Procol Alternatives & Competitors

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Procol vs
JAGGAER
JAGGAER United States

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1445 employees
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Procol vs
Spendflo
Spendflo United States

Simplify Procurement. Maximize Margins.

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140 employees
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Procol vs
SpendHQ
SpendHQ United States

The Power of Connecting Spend Intelligence with Procurement Performance Management

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132 employees
Information Technology, SaaS
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FAQ About Procol

The world's #1 easy to use procurement platform.
Procol was founded in 2022.
Procol is headquartered in New York, United States.
Procol operates in Enterprise Software, IT, Information Technology and SaaS. Its work centres on Procurement Software, AI-native Platform, Spend Management and SaaS Startup. Its customers include Enterprises, Procurement Teams and Finance Teams.
Procol has a SaaS, B2B and Platform business model. Its revenue comes from Subscription, Tiered Pricing and Value Based Pricing.
Procol has approximately 213 employees.
Procol has completed 3 funding rounds, raising a total of $10.50M. The latest funding stage is Series A.
Procol offers: Procurement Software, Strategic Sourcing, AI-Driven Spend Analytics, Vendor Management, Procurement Automation, eAuction Pro.
Top alternatives and competitors to Procol include JAGGAER, Spendflo, SpendHQ, Scoutbee, Tacto. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Procol and JAGGAER 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 Procol, https://bouncewatch.com/company/procol, updated 30 April 2026. When citing, please name BounceWatch and link this page.

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