Purchasing Platform Overview
- Year Founded
-
2012
- Status
-
Private
- Employees
-
41
- Latest Deal Type
-
Series B2
- Latest Deal Amount
-
$7.5M
- Investors
-
4
Purchasing Platform General Information
Description
Operator of an automated procurement management platform intended to connect property management companies with vendors by revolutionizing and simplifying their buying process. The company's platform helps to reduce the time spent offsite at stores, drives compliance to portfolio-driven standardized products, and eliminates wasted effort around order fulfillment, enabling clients to enjoy the benefits of increased productivity and support services.
Contact Information
Website
home.purchasingplatform.com
Formerly Known As
Purchasing Platform, LLC
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Business/Productivity Software
Other Industries
Media and Information Services (B2B)
Primary Office
- 444 North Wells Street
- Suite 502
- Chicago, IL 60654
- United States
+1 (312) 000-0000
Purchasing Platform Timeline
Purchasing Platform Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Later Stage VC (Series B2) | 04-Nov-2022 | $7.5M | 000.00 | 0000 | Completed | Generating Revenue |
| 6. Later Stage VC (Series A1) | 04-May-2021 | 00.00 | 00.000 | 000.00 | Completed | Generating Revenue |
| 5. Later Stage VC (Series A) | 11-Oct-2019 | 00.000 | 00.000 | 000.00 | Completed | Generating Revenue |
| 4. Angel (individual) | 30-Dec-2016 | 00000 | 00.00 | Completed | Generating Revenue | |
| 3. Accelerator/Incubator | 11-Jan-2016 | 00.000 | Completed | Generating Revenue | ||
| 2. Angel (individual) | 18-Mar-2013 | $1.12M | $1.38M | Completed | Generating Revenue | |
| 1. Angel (individual) | 22-Apr-2012 | $250K | $250K | Completed | Startup |
Purchasing Platform Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B-2 | 00,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 000 |
| Series B-1 | 0,000,000 | 00.000000 | 00 | 00.0 | 00.0 | 00 | 00.0 | 0.000 |
| Series A1 | 17,000,000 | $0.001000 | 8% | $0.25 | $0.25 | 1x | $0.25 | 11.97% |
| Series A | 16,130,417 | $0.001000 | 8% | $0.22 | $0.22 | 1x | $0.22 | 11.36% |
Purchasing Platform Executive Team (9)
| Name | Title | Board Seat | Contact Info |
|---|---|---|---|
| David Bowen | President, Chief Executive Officer & Chairman | ||
| Robert Weisberg | Vice President of Finance and Strategy |
Purchasing Platform Board Members (7)
| Name | Representing | Role | Since |
|---|---|---|---|
| Alan Warms | Self | Board Member | 000 0000 |
| Charles Tollinche | Self | Board Member | 000 0000 |
| Chirag Shah | Self | Board Member | 000 0000 |
| David Bowen | Purchasing Platform | President, Chief Executive Officer & Chairman | 000 0000 |
| Justin Smollar | Method Capital | Board Member | 000 0000 |
Purchasing Platform Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %
-35.5%.
530%
Size Multiple
219x
Median
Size Multiple
219x, 100th %ile
0.00x
0.95x.
413Kx
Key Data Points
Twitter Followers
5.5k
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Purchasing Platform Investors (4)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|---|---|---|---|---|
| DNS Capital | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Method Capital | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Old Town Capital | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Moderne Ventures | Venture Capital | Minority | 000 0000 | 000000 0 |