Tech Company Financing Transactions
Procuri Funding Round
On 6/11/2003, Procuri landed $10 million in Series A investment from Insight Venture Partners.
Transaction Overview
Company Name
Announced On
6/11/2003
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors
Insight Venture Partners (Deven Parekh)
Proceeds Purpose
Procuri will use the funds to expand its sales and marketing efforts within the U.S. and in key global markets and accelerate product development.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
15 Piedmont Ctr NE 1100
Atlanta, GA 30305
USA
Atlanta, GA 30305
USA
Phone
Website
Email Address
Not Recorded
Overview
Procuri delivers strategic sourcing solutions, services and knowledge to Global 2000 enterprises. Customers report average cost savings of nearly 25 percent in the procurement of direct and indirect materials and services and cycle time reductions of up to 75 percent.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mark Morel
Chief Financial Officer
Michael O'Donnell
Chief Technical Officer
Steve Brooke
Executive Vice President
John Madrid
Vice President
Tobias Hannon
Vice President
Rodney True
VP - Marketing
Tim Minahan
VP - Operations
Marie Gunn
VP - Product Management
Mark Wright
VP - Sales
Jeff Wilson
Browse more venture capital transactions:
Prev: 6/11/2003: Trapeze Networks venture capital transaction
Next: 6/11/2003: Sarvega venture capital transaction
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Our team works diligently to document all VC transactions involving tech companies. All VC database entries on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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