EXCLUSIVE: ProcurePro Just Raised $11M To Fix Construction Procurement
EXCLUSIVE: ProcurePro just closed an $11M round and we got the founder on the mic first.That's the line Alastair Blenkin, CEO of ProcurePro, kept coming back to on the latest Bricks & Bytes — and it's the bet behind their fresh...
“Control your risks, control your margins.” This guiding principle from Alastair Blenkin, CEO of ProcurePro, drives the company’s mission and recent success. On this episode of Bricks & Bytes, we explore how ProcurePro just closed an $11 million funding round aimed at transforming procurement in construction.
Why Procurement Matters
Procurement is one of the most underinvested workflows in construction technology. By the time a project reaches the site, much of the financial risk is already set during the buyout phase. ProcurePro’s platform addresses this critical gap by managing procurement risks earlier and more effectively. Currently, the system processes over $130 billion in construction spend and integrates one of the largest pricing datasets worldwide.
From Pivot to Series B
ProcurePro’s journey from a COVID-19 pivot to a Series B raise over five years highlights their strategic growth. The company’s ability to attract investors reflects a clear demonstration of progress between funding rounds, including innovations in AI-driven bid leveling and live copilot features. These advancements aim to revolutionize subcontractor pricing and project risk management.
