BuyerQuest Overview

  • Year Founded
  • 2011

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 40

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $71M

BuyerQuest General Information

Description

Developer of an online procurement platform designed to make corporate procurement better. The company's platform combines cognitive computing with enterprise procurement, to streamline and enhance the corporate buying process, thereby enabling consumers packaged goods, hospitality, public sector and manufacturing businesses to increase user adoption, drive contract compliance and save money.

Contact Information

Website
www.buyerquest.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 343 West Bagley Road
  • Suite 300
  • Cleveland, OH 44017
  • United States
Primary Industry
Business/Productivity Software
Other Industries
Media and Information Services (B2B)
Acquirer
The ODP
Vertical(s)
Artificial Intelligence & Machine Learning, TMT, FinTech, B2B Payments
Corporate Office
  • 343 West Bagley Road
  • Suite 300
  • Cleveland, OH 44017
  • United States

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BuyerQuest Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 28-Jan-2021 $71M Completed Generating Revenue
4. Debt - PPP 12-Apr-2020 Completed Generating Revenue
3. Later Stage VC 16-Jun-2017 Completed Generating Revenue
2. Debt - General 31-Jan-2017 $4M $11.4M Completed Generating Revenue
1. Early Stage VC (Series A) 05-Oct-2015 $7.4M $7.4M Completed Startup
To view BuyerQuest’s complete valuation and funding history, request access »

BuyerQuest Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A1
Series A
To view BuyerQuest’s complete cap table history, request access »

BuyerQuest Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an online procurement platform designed to make corporate procurement better. The company's platform combin
Business/Productivity Software
Cleveland, OH
40 As of 2021

Mountain View, CA
 

Bognor Regis, United Kingdom
 
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BuyerQuest Competitors (43)

One of BuyerQuest’s 43 competitors is Noosh (Business/Productivity Software), a Private Equity-Backed company based in Mountain View, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Noosh (Business/Productivity Software) Private Equity-Backed Mountain View, CA
Omono Corporation Bognor Regis, United Kingdom
Volo Commerce Formerly VC-backed Cheltenham, United Kingdom
Vinculum Group Venture Capital-Backed Noida, India
Contraqer Private Equity-Backed Arlington, VA
You’re viewing 5 of 43 competitors. Get the full list »

BuyerQuest Patents

  • 3

    Total Documents Applications and Grants

  • Total Patents Families

  • 3

    Granted

  • Pending

  • Expiring in next 12 mo

BuyerQuest Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-10839389-B1 System and method for updating and managing hosted catalogs in a procurement system Active 29-Sep-2015
US-20210065181-A1 System and method for updating and managing hosted catalogs in a procurement system Active 29-Sep-2015
US-11915239-B2 System and method for updating and managing hosted catalogs in a procurement system Active 29-Sep-2015 G06Q20/401

BuyerQuest Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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BuyerQuest Former Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds
Argentum (New York) Growth/Expansion Minority
First Analysis Venture Capital Minority
To view BuyerQuest’s complete investors history, request access »

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BuyerQuest FAQs

  • When was BuyerQuest founded?

    BuyerQuest was founded in 2011.

  • Where is BuyerQuest headquartered?

    BuyerQuest is headquartered in Cleveland, OH.

  • What is the size of BuyerQuest?

    BuyerQuest has 40 total employees.

  • What industry is BuyerQuest in?

    BuyerQuest’s primary industry is Business/Productivity Software.

  • Is BuyerQuest a private or public company?

    BuyerQuest is a Private company.

  • What is the current valuation of BuyerQuest?

    The current valuation of BuyerQuest is .

  • What is BuyerQuest’s current revenue?

    The current revenue for BuyerQuest is .

  • How much funding has BuyerQuest raised over time?

    BuyerQuest has raised $14.4M.

  • Who are BuyerQuest’s investors?

    Argentum (New York) and First Analysis have invested in BuyerQuest.

  • Who are BuyerQuest’s competitors?

    Noosh (Business/Productivity Software), Omono, Volo Commerce, Vinculum Group, and Contraqer are some of the 43 competitors of BuyerQuest.

  • When was BuyerQuest acquired?

    BuyerQuest was acquired on 28-Jan-2021.

  • Who acquired BuyerQuest?

    BuyerQuest was acquired by The ODP.

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