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.
- AutoRek & Microsoft: Why Strategic Partnerships Matter in Finance Read more
- Cathay Pacific Expands Global Partnership with Adyen Read more
- MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector Read more
- Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting Read more
- CV5 Capital and Formatnull Investment Management Prepares Launch Cayman-Domiciled Digital Asset Hedge Fund Read more
Talino Closes $7.5M Series A to Launch a Global Fintech Foundry and Modernize Cross-Border Infrastructure
Talino, the award-winning fintech foundry, announced the successful closing of its $7.5 million Series A funding round
Obin AI Emerges from Stealth to Build Agentic Workforce for Financial Institutions
Obin AI, an enterprise AI company building an agentic workforce for financial institutions, announced it has raised $7 million in seed funding
Theo Raises $100 Million to Bring the Gold Standard Back to the Dollar
Theo, a tokenization platform built by former traders from Optiver and IMC, today announced the successful close of its Genesis Vault, raising over $100 million within 24 hours. The capital will back thUSD, a yield-bearing stablecoin powered by thGOLD – Theo's tokenized gold product backed by the world's deepest and most liquid commodity market.
SuperSeed Launches Physical AI Seed Fund with up to £50m Cornerstone Commitment From British Business Bank
SuperSeed Fund III has secured a cornerstone commitment of up to £50 million from the British Business Bank to invest in B2B AI and SaaS startups. The Bank has made its commitment through the Enterprise Capital Funds programme, with the fund also having the benefit of being accredited by the UK's National Security Strategic Investment Fund (NSSIF) as was SuperSeed’s prior fund.
TransFi Inc. Raises $19 Million to Build an Emerging Markets–Focused Global Payments Platform on Stablecoin Rails
TransFi Inc., a global payments infrastructure company on stablecoin rails,, focused on emerging markets, today announced the closing of a $19.2 million financing round, comprising $14.2 million in Series A equity and a $5 million committed liquidity facility.
Upvest Secures $125m to Cement Its Position as Europe’s Leading API-First Investment Infrastructure
Upvest today announces a $125 million financing round to accelerate the modernization of legacy banking systems across Europe and the UK
Singapore’s MetaComp Raises Pre-A+ Round Backed By Alibaba, Closing Total US$35 Million Pre-A Funding in 3 months to Accelerate Asia’s Regulated Web2.5 Pay and Wealth[1] Group-Level Platform
MetaComp announced the completion of its Pre-A+ funding round, bringing the cumulative total to US$35 million across two rounds in three months
AutoRek & Microsoft: Why Strategic Partnerships Matter in Finance
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Cathay Pacific Expands Global Partnership with Adyen
Adyen announced the expansion of its longstanding partnership with Cathay Pacific with Adyen now providing direct acquiring services for the airline
MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector
MAS announced the successful conclusion of phase two of Project MindForge[1], which culminates in the publication of an AI Risk Management Toolkit for the financial services sector
Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting
Novidea announced its latest product release which will enable users to reduce manual rework, improve data integrity, and accelerate high-volume processing
CV5 Capital and Formatnull Investment Management Prepares Launch Cayman-Domiciled Digital Asset Hedge Fund
CV5 Capital and Formatnull Investment Management Ltd are pleased to announce the launch of the Formatnull Digital Asset Fund SP, a Cayman Islands-domiciled digital asset hedge fund established on the CV5 Digital platform
Pro Global Scales Latin American Hub as Hybrid Model Accelerates Latin America Growth
Pro Global is accelerating its expansion in Latin America, with investment in its regional head office in Argentina as both international and domestic carriers
Dext Launches AI Assist to Automate Everyday Bookkeeping Decisions
Dext today announces Dext AI Assist, a new AI agent designed to help accountants, bookkeepers and finance teams automate everyday bookkeeping