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.
Investors in this round include Point Nine Capital, Nexus Venture Partners and the Business Development Bank of Canada (BDC). Hootsuite’s CEO Ryan Holmes and its chief revenue officer Steve Johnson also participated in this round.
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.
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.
Procurify promises to help businesses streamline their purchasing and expense workflow. This includes requisition orders, manager approval and…
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