Tech Company Financing Transactions

Procuri Funding Round

Advent International and Insight Venture Partners joined a $12.5 million Series B venture round for Procuri. The round was announced on 3/21/2005.

Transaction Overview

Company Name
Announced On
3/21/2005
Transaction Type
Venture Equity
Amount
$12,500,000
Round
Series B
Investors

Advent International (Lead Investor) (Peter Boni)

Insight Venture Partners (Deven Parkh)

Proceeds Purpose
Procuri will use the new funding to grow the company and acquire Contract Management Solutions Inc.

Company Information

Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
15 Piedmont Ctr NE 1100
Atlanta, GA 30305
USA
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
Procuri LinkedIn Company Profile
Social Media
Procuri Company Twitter Account
Company News
Procuri News
Facebook
Procuri on Facebook
YouTube
Procuri on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Mark Morel
  Mark Morel LinkedIn Profile  Mark Morel Twitter Account  Mark Morel News  Mark Morel on Facebook
Chief Financial Officer
Michael O'Donnell
  Michael O'Donnell LinkedIn Profile  Michael O'Donnell Twitter Account  Michael O'Donnell News  Michael O'Donnell on Facebook
Chief Technical Officer
Steve Brooke
  Steve Brooke LinkedIn Profile  Steve Brooke Twitter Account  Steve Brooke News  Steve Brooke on Facebook
Executive Vice President
John Madrid
  John Madrid LinkedIn Profile  John Madrid Twitter Account  John Madrid News  John Madrid on Facebook
Vice President
Tobias Hannon
  Tobias Hannon LinkedIn Profile  Tobias Hannon Twitter Account  Tobias Hannon News  Tobias Hannon on Facebook
Vice President
Rodney True
  Rodney  True LinkedIn Profile  Rodney  True Twitter Account  Rodney  True News  Rodney  True on Facebook
VP - Marketing
Tim Minahan
  Tim Minahan LinkedIn Profile  Tim Minahan Twitter Account  Tim Minahan News  Tim Minahan on Facebook
VP - Operations
Marie Gunn
  Marie Gunn LinkedIn Profile  Marie Gunn Twitter Account  Marie Gunn News  Marie Gunn on Facebook
VP - Product Management
Mark Wright
  Mark Wright LinkedIn Profile  Mark Wright Twitter Account  Mark Wright News  Mark Wright on Facebook
VP - Sales
Jeff Wilson
  Jeff Wilson LinkedIn Profile  Jeff Wilson Twitter Account  Jeff Wilson News  Jeff Wilson on Facebook


 

 

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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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