Penny Software Overview

  • Year Founded
  • 2020

Year Founded

  • Status
  • Private

  • Employees
  • 70

Employees

  • Latest Deal Type
  • Later Stage VC

  • Investors
  • 18

Penny Software General Information

Description

Developer of a procurement and spend management platform designed to manage the entire procurement lifecycle. The company's platform offers an action-driven dashboard, budget tracking, timeline, product comparison and customizable reporting, offers customizable procurement products for mid-size enterprises, enabling an organizations to get a unified platform and streamline their operations.

Contact Information

Website
www.penny.co
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • King Abdulaziz Street
  • Riyadh 68114
  • Saudi Arabia
Primary Industry
Business/Productivity Software
Other Industries
Media and Information Services (B2B)
Vertical(s)
SaaS, Artificial Intelligence & Machine Learning, FinTech
Corporate Office
  • King Abdulaziz Street
  • Riyadh 68114
  • Saudi Arabia

Penny Software Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

Want detailed data on 11M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Penny Software Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Later Stage VC 01-Jul-2025 Completed Generating Revenue
3. Early Stage VC (Series A) 15-Mar-2024 Completed Generating Revenue
2. Seed Round 17-Jan-2022 $5M $6.5M Completed Generating Revenue
1. Seed Round 21-Sep-2020 $1.5M $1.5M Completed Generating Revenue
To view Penny Software’s complete valuation and funding history, request access »

VC Exit Predictor

See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.

Opportunity Score

Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.

Exit Type

Evaluates the likelihood of a successful exit for investors, and the most likely exit type.

Request a free trial

Penny Software Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a procurement and spend management platform designed to manage the entire procurement lifecycle. The compan
Business/Productivity Software
Riyadh, Saudi Arabia
70 As of 2026

Vancouver, Canada
 

Cork, Ireland
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Penny Software Competitors (4)

One of Penny Software’s 4 competitors is Procurify, a Venture Capital-Backed company based in Vancouver, Canada.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Procurify Venture Capital-Backed Vancouver, Canada
Keelvar Venture Capital-Backed Cork, Ireland
Jaggaer Private Equity-Backed Durham, NC
Coupa Software Private Equity-Backed Foster City, CA
To view Penny Software’s complete competitors history, request access »

Penny Software Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Penny Software Investors (18)

Investor Name Investor Type Holding Investor Since Participating Rounds
9Yards Capital Management Growth/Expansion Minority
Aramco Ventures Corporate Venture Capital Minority
Salt Ventures (Dubai) Venture Capital Minority
Al Tuwaijri Fund Venture Capital Minority
Dallah Albaraka Group Corporation Minority
You’re viewing 5 of 18 investors. Get the full list »

Ready to get started?

Request a free trial

Penny Software FAQs

  • When was Penny Software founded?

    Penny Software was founded in 2020.

  • Where is Penny Software headquartered?

    Penny Software is headquartered in Riyadh, Saudi Arabia.

  • What is the size of Penny Software?

    Penny Software has 70 total employees.

  • What industry is Penny Software in?

    Penny Software’s primary industry is Business/Productivity Software.

  • Is Penny Software a private or public company?

    Penny Software is a Private company.

  • What is Penny Software’s current revenue?

    The current revenue for Penny Software is .

  • How much funding has Penny Software raised over time?

    Penny Software has raised $10.3M.

  • Who are Penny Software’s investors?

    9Yards Capital Management, Aramco Ventures, Salt Ventures (Dubai), Al Tuwaijri Fund, and Dallah Albaraka Group are 5 of 18 investors who have invested in Penny Software.

  • Who are Penny Software’s competitors?

    Procurify, Keelvar, Jaggaer, and Coupa Software are competitors of Penny Software.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read more

  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process