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27 Best Procurement Startups Taking the Industry by Storm

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This 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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Crunchbase


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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