But in addition, the platform can also handle receiving (you just use a photo to create a copy of the packaging slip, for example), budgets, and other steps in the procurement process.Ĭurrently, Procurify’s service is used in more than 58 countries. This includes requisition orders, manager approval and creating the purchase orders. Procurify promises to help businesses streamline their purchasing and expense workflow. The Procurify team says that it will use this funding round to invest in its sales, marketing and product development teams for its cloud-based platform. The company, which graduated from Vancouver’s GrowLab accelerator program in 2013, had previously raised $1.2 million in another seed round that also included the BDC and Nexus Venture Partners, as well as Mark Cuban.

Hootsuite’s CEO Ryan Holmes and its chief revenue officer Steve Johnson also participated in this round. Investors in this round include Point Nine Capital, Nexus Venture Partners and the Business Development Bank of Canada (BDC). Procurify, a Vancouver, Canada-based startup that aims to make purchasing - and the expense reports that go with it - easier for small- and medium-sized businesses, today announced that it has raised a $4 million seed round.