Procoto

Procurement made easy with AI

General Information
Company Name
Procoto
Founded Year
2020
Location (Offices)
United States +1
Founders / Decision Makers
Michael Otis - Founder and CEO
Number of Employees
1
Industries
Automation, SaaS
Funding Stage
Pre Seed
Social Media

Procoto - Company Profile

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.

Taxonomy: 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 of Procoto (3)

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Funding Stage Amount No. Investors Investors Date
Pre Seed Round $750.00K 2
Y Combinator, investor in Procoto's Pre Seed Round round TampaBay.Ventures, investor in Procoto's Pre Seed Round round
10 Aug 2022
Pre Seed Round Unknown 1
TampaBay.Ventures, investor in Procoto's Pre Seed Round round
06 Jul 2021
Pre Seed Round $125.00K 1
Y Combinator, investor in Procoto's Pre Seed Round round
22 Mar 2021

Latest News of Procoto

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No recent news or press coverage available for Procoto.

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