Procuros is a technology company.
Procuros has raised $9.0M across 1 funding round.
Procuros has raised $9.0M in total across 1 funding round.
Procuros has raised $9.0M in total across 1 funding round.
Procuros's investors include 2.12 Angels, BackBone Ventures, Cherry Ventures, Creandum, Cupule Ventures, EQT Ventures, Extantia Capital, foobar.vc, Frontline Ventures, FTX Ventures, Index Ventures, Kleiner Perkins.
Procuros is a Hamburg-based technology startup founded in 2021 that builds the Procuros Integration Hub, a cloud-based platform automating B2B transactions through seamless EDI via API integrations.[1][2][3] It serves innovative businesses in sectors like FMCG, retail, manufacturing, and industrial companies by connecting their ERP systems to trade partners, automating exchanges of orders, shipping notes, invoices, and more—eliminating manual processes, PDFs, emails, and errors to enable scalable growth.[1][3][4][5] The platform solves friction in legacy, paper-based supply chains with features like AI-powered order processing, plug-and-play ERP connectors, personalized order forms, e-invoicing compliance (e.g., ZUGFeRD, PEPPOL), logistics automation, and payment reconciliation, allowing companies to "connect once, trade with everyone."[2][4][6] Procuros has raised approximately $9-10M in seed funding from investors like Point Nine and Creandum, employs 11-50 people (with recent growth), and generates around $5.3M in revenue, showing strong early momentum through partnerships with ERP providers like Xentral, weclapp, Profor Software, and Rsult for NetSuite.[1][2][6]
Procuros was founded in summer 2021 in Hamburg, Germany, by Patrick and Ben, two entrepreneurs passionate about scaling businesses beyond legacy systems and analog processes.[1][2] Spotting the scalability bottlenecks in tedious, paper-based B2B transactions for suppliers and trade partners, they launched the Procuros Integration Hub to digitize workflows and pioneer paperless supply chains.[1] Early traction came from building a diverse, ambitious team of experienced professionals and securing backing from top VCs like Point Nine and Creandum, fueling rapid development.[1][2] Pivotal moments include raising $9-10M in seed funding and forming key partnerships, such as with Xentralintelligence, weclapp, and Profor Software, which expanded their reach into ERP ecosystems and drove successful implementations for SMEs.[1][6]
Procuros stands out in B2B transaction automation by prioritizing simplicity, speed, and scalability over traditional EDI's complexity:
Procuros rides the wave of digital supply chain transformation, addressing outdated analog processes amid rising e-commerce, global trade complexity, and regulatory pushes for e-invoicing in Europe.[1][4] Timing is ideal in a post-pandemic world where B2B friction hampers scalability—Procuros untangles this "knotted mess" by enabling instant ERP-to-partner flows, particularly for German SMEs in retail and manufacturing facing retailer connectivity demands.[5][6] Market forces like AI adoption, API proliferation, and ERP modernization (e.g., NetSuite, Xentral) favor its model, positioning it as infrastructure for the "supply chain of the future" and influencing ecosystems through partnerships that standardize integrations.[1][3] By freeing businesses to focus on core missions, it accelerates growth in a €trillion B2B market shifting to automated, transparent transactions.[2]
Procuros is poised for expansion with its $9-10M war chest, targeting deeper ERP penetrations and AI enhancements like advanced workflows to dominate European B2B EDI.[2][4][6] Trends in AI automation, PEPPOL mandates, and supply chain resilience will propel it, potentially evolving into a global one-to-all platform as it scales team and partnerships. Its Hamburg roots and VC backing suggest influence growing from regional disruptor to ecosystem enabler, transforming friction-filled transactions into seamless growth engines—much like how it began by digitizing what held back ambitious founders.[1][2]
Procuros has raised $9.0M across 1 funding round. Most recently, it raised $9.0M Seed in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $9.0M Seed | 2.12 Angels, BackBone Ventures, Cherry Ventures, Creandum, Cupule Ventures, EQT Ventures, Extantia Capital, foobar.vc, Frontline Ventures, FTX Ventures, Index Ventures, Kleiner Perkins, La Famiglia, Northzone, Possible Ventures, Spark Capital, Telescope Partners, Visionaries Club, Chris Murphy, Christian Bertermann, Christian Reber, Dominik Richter, Dylan Field, Hakan Koc, Haroon Mokhtarzada, Johannes Reck, Kelly Ford, Matthias Hilpert, Maximilian Tayenthal |