Tech Company Financing Transactions
Arkestro Funding Round
Altira Group, Aramco Ventures and Activant Capital Group participated in a $36 million funding round for Arkestro. The round closed on 5/14/2025.
Transaction Overview
Company Name
Announced On
5/14/2025
Transaction Type
Venture Equity
Amount
$36,000,000
Round
Undisclosed
Investors
Altira Group (Lead Investor)
Aramco Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate its ongoing innovation in AI-powered procurement technology.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
60 29th St. 148
San Francisco, CA 94110
USA
San Francisco, CA 94110
USA
Phone
Website
Email Address
Overview
The idea for Arkestro arose out of a basic frustration with the amount of time and effort it takes most teams to collect and compare quotes from suppliers. Our founder Edmund was working as a procurement consultant and saw how much time his sourcing teams spent building Excel pivot tables. Regardless of the software, the problem was the same: a category expert was needed to identify potential errors in supplier submissions before an award scenario could be properly evaluated. There must be a better way, Edmund thought.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Edmund Zagorin
Chief Financial Officer
Marty Meyer
Chief Operating Officer
Neil Lustig
Chief Technical Officer
Ben Leiken
Founder
Rob DeSantis
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