Dubai-based construction bid management platform Procurified has raised $1.1 million in Seed funding. The round was led by DIFC-based Aditum Investment Management, with participation from US-based Signal Peak Ventures, Al Hathboor Group, Empede Capital and strategic Angels.
Procurified was founded in 2019 by Marc Lemmens and Rupert Tait. The company connects buyers to their vendors to automate the very manual Microsoft Excel and PDF-reliant process of project bidding.
“We are thrilled to partner with the great team at Procurified. Rupert and Marc are solving a very challenging problem in a big market. The founders’ insight into these challenges is reflected in their product design and business model with a hyper-focus on reducing friction for customers to adopt and a very short ‘time to value’ from adoption,” Lachlan Hughes of Aditum commented.
“We are delighted to have closed our seed round with really great Investors. Our priority now is to establish an awesome team so we are hiring for key roles in product, engineering and sales. We are excited about our ambitious growth trajectory, with our Series A Round in the next 12-18 months,” said Rupert Tait, co-founder of Procurified.
The funds will be used to further the company's growth and to build its team.
