Breaking News
Procure IT Raises $4.8 Million in Initial Funding for Game-changing IT Procurement Platform
Procure IT, a game-changing data-driven IT procurement and management company, announced today that it raised $3.5 million in a new round of funding, bringing the total initial funding to $4.8 million. The company promises to combine people, processes and software to create an industry-first platform for IT procurement, spend, performance and risk management.
The latest funding round includes investments from two proven digital marketing and technology leaders Paul Filsinger and Giancarlo Maniaci, who also will serve as advisors to Procure IT’s leadership team.
“We’re thrilled to welcome Paul Filsinger and Giancarlo Maniaci as Procure IT investors and advisors,” said Randy Jeter, Procure IT Managing Partner and former CEO of RapidScale. “Both leaders are highly experienced at building and growing forward-looking technology-powered companies by leveraging innovative product strategy and the latest advances in data-driven digital marketing. Their investments validate our vision to transform how IT is sourced and managed; their active guidance will help us achieve it.”
Procure IT’s managing partners, along with current and future investors, plan to raise additional capital before seeking private equity funding in 12-24 months, Jeter added.
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