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ProcurePro

ProcurePro is a software company offering procurement and subcontract management software that empowers Construction Companies.

Backed by

AirTree VenturesAirTree Ventures
Saniel VenturesSaniel Ventures

Raised 6.15M EQUITY on January 31, 2024

About

ProcurePro is a digital procurement and subcontract management platform for construction firms that consolidates fragmented procurement workflows into a single paperless system, centralizing subcontractor engagement, governance, visibility, and control.

Mission

ProcurePro provides a software platform that enables construction firms to take control of their supply chain by consolidating 15+ fragmented procurement processes traditionally managed with Excel, Word and thousands of emails into a single paperless system. Led by founder and CEO Alastair Blenkin, the platform centralizes workflows to deliver visibility, consistency and control for builders. The company says it has automated more than 200,000 hours of procurement tasks to date. ProcurePro intends to use new funding to accelerate growth in the UK and to consolidate its position across Australia and New Zealand. The company frames its mission as saving one billion hours in unnecessary construction administration. Founded and launched in Brisbane in 2020, ProcurePro (Blenktech Pty Ltd.) offers a digital procurement and subcontract management platform designed to streamline subcontractor engagement, improve governance, and boost project margins. The platform helps construction companies increase efficiencies, improve quality, and enhance governance across projects. ProcurePro's product launched in April and by the article's publication had been used on more than 50 building projects. In October 2021 the company raised $2.6M in a seed round to support growth. The company said the funding can be used to speed up Australian and worldwide progress plans. No revenue figures were disclosed in the articles.

Quick Facts

Founded

2020

Funding

EQUITY

Industry

Construction, Procurement, Software

Team Size

11-50

Headquarters

Brisbane, Queensland, Australia