Order.co is a B2B eCommerce platform founded in 2016 and headquartered in New York City that simplifies business purchasing, payments, approvals, and budgets through automation and AI.[2][3] It serves mid-market and enterprise companies like WeWork, SoulCycle, and Lume, managing nearly half a billion dollars in annualized spend across hundreds of customers by consolidating procurement across all vendors into one checkout, automating workflows, and providing real-time spend visibility.[2][3] The platform solves fragmented purchasing processes—replacing spreadsheets, miscommunications, and manual approvals—with features like automatic PO generation, vendor consolidation, invoice management, 3-way matching, customizable budgets, and financial tools such as capital advances and virtual cards, driving efficiency, compliance, cost savings, and faster bookkeeping.[3]
Order.co has raised over $70M from investors including MIT, Stage 2 Capital, Rally Ventures, and 645 Ventures, earning recognition as a "50 to Watch" by Spend Matters and a Best Place to Work by BuiltIn and Inc. Magazine.[2] Its growth momentum includes overseeing massive spend volumes and expanding integrations for procurement, operations, accounting, and payments.[2][3]
Order.co was founded in 2016 in New York City, emerging from the need to redefine B2B procurement by making it as seamless as consumer purchasing.[2][3] While specific founders are not detailed in available sources, the company quickly gained traction by transforming vendor connections through a unified marketplace that automates requisition, approval, payment, and reconciliation.[2][3] Early pivotal moments include scaling to manage nearly $500M in annualized spend for hundreds of customers and securing $70M+ in funding from top-tier investors like MIT and Rally Ventures, solidifying its position in the procurement tech space.[2] This evolution reflects a focus on innovation in spend management amid rising demands for operational efficiency in growing businesses.[2][3]
Order.co stands out in the procurement landscape through these key strengths:
These features prioritize ease, compliance, and AI-driven efficiency over traditional fragmented tools.[2][3]
Order.co rides the wave of procure-to-pay automation in B2B, fueled by digital transformation trends where businesses seek to control rising operational spend amid economic pressures like inflation and supply chain disruptions.[2][3] Its timing aligns with the explosion of AI in finance and ops tech, enabling real-time visibility and automation that legacy ERP systems lack, especially for mid-market firms outgrowing spreadsheets but not ready for enterprise giants.[3] Market forces favoring it include the shift to consolidated vendor management and virtual payments, reducing cash flow friction in a high-interest environment.[2][3] By influencing the ecosystem, Order.co sets standards for integrated procurement platforms, empowering startups and scale-ups to innovate faster while competitors like traditional P2P tools lag in user experience.[2]
Order.co is poised for accelerated growth as AI enhancements deepen automation in spend analytics and predictive sourcing, potentially doubling its managed spend amid procurement digitization trends.[2][3] Evolving regulations on corporate spending and the rise of embedded finance will amplify its influence, positioning it as a go-to for enterprises seeking compliant, scalable buying.[3] Expect expansions in global vendor networks and deeper integrations with ERP/finance stacks, solidifying its role in redefining B2B efficiency from the ground up—just as it transformed fragmented purchasing into a streamlined powerhouse.[2][3]
Order has raised $45.0M in total across 3 funding rounds.
Order's investors include Ankona Capital, Bessemer Venture Partners, ENIAC Ventures, FINTOP Capital, Stage 2 Capital, 645 Ventures, Arthur Ventures, Emergence Capital, Jude Gomila Rolling Fund, Rally Ventures, Twenty Two Ventures, 01 Advisors.
Order has raised $45.0M across 3 funding rounds. Most recently, it raised $30.0M Series B in January 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2022 | $30.0M Series B | Ankona Capital, Bessemer Venture Partners, ENIAC Ventures, FINTOP Capital, Stage 2 Capital | |
| Feb 1, 2020 | $10.0M Series A | 645 Ventures, Arthur Ventures, Emergence Capital, Jude Gomila Rolling Fund, Rally Ventures, Twenty Two Ventures | |
| Jul 1, 2018 | $5.0M Seed | 01 Advisors, 645 Ventures, Atreides Management, Bessemer Venture Partners, Bowery Capital, Charge Ventures, Jenny Fielding, Scott Hartley, Gutter Capital, Jude Gomila Rolling Fund, Jeff Richards, Primary Venture Partners, Rainfall Ventures, Silicon Badia, Supernode Ventures, Twenty Two Ventures |
