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Procoto logo — Procurement made easy with AI

Procoto

Procurement made easy with AI

Founded 2020 United States United States 1 employees Pre-Seed Total: $875.00K Automation, SaaS

General Information

Company Name Procoto
Founded Year 2020
Location United States United States
Employees 1
Industries Automation, SaaS
Funding Stage Pre-Seed
Social

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About Procoto

Procoto is a US-based SaaS startup founded in 2020. The company's slogan "Procurement made easy with AI" encapsulates its mission to democratize advanced procurement tools typically reserved for large enterprises. With a $750.00K Pre Seed Round investment from Y Combinator and TampaBay.Ventures in August 2022, Procoto aims to make the source-to-contract process more accessible and cost-effective for smaller businesses. The company prides itself on revolutionizing procurement software by not only simplifying the process but also making it engaging and aesthetically pleasing. With a unique approach that eliminates salespeople and allows for direct sign-ups, Procoto is set to disrupt the procurement industry.

Business keywords: AI procurement, procurement software, small business procurement, mid-sized business procurement, sourcing, spend management, vendor management, contract management, self-service procurement, lower-cost procurement, user-friendly procurement, enterprise procurement alternative

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Pre Seed Round $750.00K 2
Y Combinator TampaBay.Ventures
Y Combinator, TampaBay.Ventures
10 Aug 2022
Pre Seed Round Undisclosed 1
TampaBay.Ventures
TampaBay.Ventures
06 Jul 2021
Pre Seed Round $125.00K 1
Y Combinator
Y Combinator
22 Mar 2021

Procoto Alternatives & Competitors

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Procoto vs
penny.
penny. Saudi Arabia

Procurement Solved.

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Procoto vs
Archarina
Archarina United States

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Procoto vs
Mothernode
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FAQ About Procoto

Procurement made easy with AI
Procoto was founded in 2020.
Procoto is headquartered in United States.
Procoto operates in Automation and SaaS. Its work centres on AI procurement, procurement software, small business procurement and mid-sized business procurement.
Procoto has approximately 1 employees.
Procoto has completed 3 funding rounds, raising a total of $875.00K. The latest funding stage is Pre-Seed.
Top alternatives and competitors to Procoto include penny., Archarina, Mothernode, Agiloft, Azuqua. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Procoto and penny. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Procoto, https://www.bouncewatch.com/company/procoto, updated 11 September 2024. When citing, please name BounceWatch and link this page.

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