Welp MagazineThis article showcases Welp Magazine’s top picks for the best ‘Procurement’ startups. These startups are taking a variety of approaches to innovating in the Procurement industry, but are all exceptional startups well worth a follow.
We selected these startups for exceptional performance in one of these categories:
- Innovation
- Innovative ideas
- Innovative route to market
- Innovative product
- Growth
- Exceptional growth
- Exceptional growth strategy
- Management
- Societal impact
Welp Magazine hosts a yearly startup award honouring the most outstanding entrepreneurs and high-growth businesses in the world. If you want to enter your startup to be in the running for the top startup of 2021 or learn more about our competition click here.
1. Approve.com
The idea behind this startup: Approve is a procurement automation platform that provides tools to automate purchasing workflows and vendor interactions.
Headquarters: Tel Aviv, Tel Aviv, Israel
Industries: B2B, Procurement, SaaS
Founders: Amit Mittelman, Bar Winkler, Shlomy Amsalem
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2. Rapicare
The idea behind this startup: We enable healthcare companies to purchase supplies digitally and receive them directly at multiple destinations.
Headquarters: São Paulo, Sao Paulo, Brazil
Industries: Health Care, Home Health Care, Information Technology, Last Mile Transportation, Medical, Medical Device, Procurement
Founders: André Iaconelli, Filipe Boldo, Raphael Gordilho
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3. PAAS
The idea behind this startup: PAAS Advisors is a AI SaaS based “Procurement Analytics Company”.
Headquarters: Cranberry, Pennsylvania, United States
Industries: Artificial Intelligence, Information Technology, Procurement, Software
Founders: Eric V Cunningham
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4. Tropic
The idea behind this startup: Tropic is a buyer enablement platform that makes software purchasing easy and transparent.
Headquarters: New York, New York, United States
Industries: Marketing, Procurement, SaaS, Software
Founders: David Campbell, Justin Etkin
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5. BuyHive Ltd
The idea behind this startup: BuyHive enables global buyers to find products and suppliers with enhanced trust, transparency and decision making
Headquarters: Hong Kong, Hong Kong Island, Hong Kong
Industries: B2B, E-Commerce, Freelance, Internet, Marketplace, Peer to Peer, Procurement, Sharing Economy, Supply Chain Management, Virtual Workforce
Founders: Brent Barnes, Michael Hung, Minesh Pore
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6. Procurated
The idea behind this startup: Procurated is the leading platform enabling public sector organizations to incorporate peer reviews in their supplier selection process
Headquarters: Washington, District of Columbia, United States
Industries: Procurement
Founders: David Yarkin
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7. White Label Advisory
The idea behind this startup: White Label Advisory is a B2B platform for procuring & billing of high-quality advisors.
Headquarters: Hamburg, Hamburg, Germany
Industries: B2B, Consulting, Management Consulting, Procurement, Professional Services, Trading Platform
Founders: Philipp Maier, Philipp Weber
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8. Cloudsyte
The idea behind this startup: Cloudsyte is a cloud-based supply chain automation platform.
Headquarters: Boca Raton, Florida, United States
Industries: Collaboration, Enterprise Resource Planning (ERP), Industrial Automation, Manufacturing, Procurement, Supply Chain Management
Founders: Dickson Wambua, PhD, Kennedy Muteti
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9. tacto
The idea behind this startup: tacto enables procurement teams to focus on what matters by building the first intelligent automation engine for strategic procurement.
Headquarters: Munich, Bayern, Germany
Industries: Enterprise Software, Industrial, Procurement, SaaS, Software
Founders: André Petry, Johannes Groll, Nico Bentenrieder
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10. Vamstar
The idea behind this startup: We use AI for accelerating commercialisation in healthcare
Headquarters: London, England, United Kingdom
Industries: Artificial Intelligence, Big Data, Health Care, Health Diagnostics, Machine Learning, Medical, Medical Device, Natural Language Processing, Pharmaceutical, Procurement
Founders: Praful Mehta, Richard Freeman, Vishesh Duggar
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11. Archlet
The idea behind this startup: Archlet offers an AI-enabled software solution to automate the source-to-award processes of companies.
Headquarters: Zürich, Zurich, Switzerland
Industries: Artificial Intelligence, Procurement, SaaS, Software
Founders: Jakob Manz, Lukas Wawrla, Tim Grunow
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12. Procurement Freelancers
The idea behind this startup: PFL is a global freelancers marketplace that connects procurement professionals to businesses seeking specialized purchasing support
Headquarters: Uccle, Brussels Hoofdstedelijk Gewest, Belgium
Industries: Blockchain, Blogging Platforms, Electronics, Freelance, Group Buying, Logistics, Procurement, Quality Assurance, Supply Chain Management
Founders: Unknown
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13. Guffa
The idea behind this startup: Guffa is a multivendor E-Commerce platform that offers the best E-Commerce services to its Libyan customers and clients.
Headquarters: Tripoli, Tarabulus, Libya
Industries: Apps, Delivery Service, E-Commerce, Internet, Marketing, Procurement, Retail
Founders: Akram Sawie, Hitham Sawie, Khawlah Sawie, Marwa Sawie
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14. AVISIO
The idea behind this startup: SaaS solution for smart user-friendly hospitality supply management
Headquarters: Vienna, Wien, Austria
Industries: Food and Beverage, Hospitality, Procurement, Supply Chain Management
Founders: Johannes Ossanna, Matthias Depenbusch
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15. e-Procure
The idea behind this startup: e-Procure B2B blockchain platform, is a completely free cloud-based procurement platform for modern buyers and sellers.
Headquarters: Riyadh, Ar Riyad, Saudi Arabia
Industries: B2B, Blockchain, E-Commerce, Enterprise Software, Procurement
Founders: Nawaf Alabra
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16. Caishangcai
The idea behind this startup: Caishangcai is a B2B company that manages the procurement for farmers’ market merchants.
Headquarters: Unknown
Industries: AgTech, Food Processing, Procurement
Founders: Unknown
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17. WillHire
The idea behind this startup: AI based Talent CRM serving enterprises to attract, curate and engage contract workforce. Reduce Spend, Save Time, Hire Top Talent.
Headquarters: Austin, Texas, United States
Industries: Artificial Intelligence, Enterprise Software, Human Resources, Procurement, Recruiting
Founders: Praneeth Patlola
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18. Xetova
The idea behind this startup: Xetova is an interactive platform designed to enhance performance.
Headquarters: Nairobi, Nairobi Area, Kenya
Industries: Information Technology, Procurement
Founders: Unknown
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19. CommonPage
The idea behind this startup: CommonPage is the easy to use collaboration platform for working with suppliers, partners, and customers.
Headquarters: Westfield, New Jersey, United States
Industries: Enterprise Software, Information Technology, Procurement, SaaS, Software, Supply Chain Management
Founders: Unknown
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20. Focal Point
The idea behind this startup: B2B SaaS Application for procurement
Headquarters: Atlanta, Georgia, United States
Industries: B2B, Information Technology, Procurement, SaaS, Software
Founders: Anders Lillevik
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21. CutStruct
The idea behind this startup: At the heart of standardizing the construction industry in Africa. Use our building materials price index + construction management apps.
Headquarters: Lagos, Lagos, Nigeria
Industries: Construction, Procurement, Software
Founders: Henry Osoisi Atang-Agama, John Oamen
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22. Inneate Hub
The idea behind this startup: Aiding hospitals in tech-enabled procurement of medical supplies and equipments
Headquarters: Mumbai, Maharashtra, India
Industries: E-Commerce Platforms, Health Care, Medical Device, Procurement, Supply Chain Management
Founders: Kanupriya Sethi
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23. Penny.
The idea behind this startup: Procure to Pay & Spend Management Software
Headquarters: Riyadh, Ar Riyad, Saudi Arabia
Industries: B2B, Enterprise Software, Procurement, SaaS, Software
Founders: Unknown
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24. Sustainary
The idea behind this startup: Sustainary is an online platform for Sustainable Construction.
Headquarters: Sutton Coldfield, Birmingham, United Kingdom
Industries: B2B, Cloud Computing, Construction, Green Building, GreenTech, Procurement, Sustainability
Founders: Arwa Shumary
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25. Kazisha
The idea behind this startup: Hr recruitment consultancy firm and services, AI & data driven
Headquarters: Nairobi, Nairobi Area, Kenya
Industries: Artificial Intelligence, Business Development, Employment, Government, Human Resources, Information Technology, Procurement, Software
Founders: Unknown
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26. Ava
The idea behind this startup: A SaaS platform for next-generation raw materials sourcing and management.
Headquarters: New York, New York, United States
Industries: B2B, Procurement, Software, Supply Chain Management
Founders: Unknown
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27. Automifai
The idea behind this startup: Automifai is a procurement artificial intelligence software company.
Headquarters: New York, New York, United States
Industries: Artificial Intelligence, Procurement, Software
Founders: Unknown
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