Procol

company

About

Procol is a procurement platform for large enterprises to help monitor and reduce spend.

Details

Last Funding Type
Series A
Last Funding Money Raised
₹510M
Industries
Computer,Enterprise Software,Information Technology,Procurement,SaaS,Software
Founded date
Jan 1, 2018
Number Of Employee
11 - 50
Operating Status
Active

Procol is a procurement platform for large enterprises to help monitor and reduce spend. It's the year 2020, and the world's largest spend taken place offline.

We’re living in a world where we have Amazons. In contrast with the world of business purchases where 60% of the time is spent on cold calling, emailing, following-up, and even worse, a large number of transactional frauds happen on payments and deliveries. Resulting in ruined trust and suffered business relationships.

In a market of trillion $ of business spend, Procol is building an all-in-one digital procurement platform — a single place for live auctions, collaboration, and intelligent insights.

Backed by investors like Blume Ventures, Sequoia Surge, Beenext, and Rainmatter.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
₹0.94B $5.10M
Procol has raised a total of ₹0.94B $5.10M in funding over 2 rounds. Their latest funding was raised on Sep 13, 2022 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 13, 2022 Series A ₹510M 16 Detail
Jun 17, 2022 Series A ₹430M 7 Detail
Jul 14, 2020 Seed $4M 3 Surge Detail
Jul 17, 2019 Seed $1M 2 Blume Ventures
Rainmatter Technology
Detail
Jan 1, 2018 Grant $100K 1 Y Combinator Detail

Investors

Number of Lead Investors
Number of Investors
4
20
Procol is funded by 20 investors. Rainmatter Technology and Y Combinator are the most recent investors.
Investor Name Lead Investor Funding Round
Rainmatter Technology Yes Seed
Y Combinator Yes Grant
Aaryaman Vir Series A
Alarko Ventures Series A
Anchorage Capital Group Series A
Ankit Sethi Series A
Ankush Grover Series A
Ashish Dave Series A
BEENEXT Series A
Blume Ventures Series A

Employee Profiles

Number of Employee Profiles
2
Procol has 2 current employee profiles, including Executive Gaurav Baheti
Executive
Executive