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Procurify

Procurify

Procurify builds procurement and spend management software for mid-market finance and operations teams.

HQ
Vancouver, BC, CA
Founded
2013
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Contents

  1. 01Executive Summary
  2. 02Products & Services
  3. 03Competitive Strengths
  1. 01Executive Summary
  2. 02Products & Services
  3. 03Competitive Strengths

Memo

Procurify is a venture-backed procurement software company headquartered in Vancouver, with a US$50 million Series C led by Ten Coves Capital announced in October 2023 and a US$20 million Series B led by Information Venture Partners announced in June 2019. CIBC Innovation Banking has separately provided US$20 million in growth capital.

Leadership passed from co-founder Aman Mann to chief executive Chad Gaydos, who is leading the company's 2026 shift to an agentic procurement platform. The company earlier acquired VendorBase and manages spend for mid-market customers across healthcare, education, biotechnology, manufacturing, and nonprofit industries.

Product Overview

Procurify offers a procurement and spend management platform for finance and operations teams at mid-market organizations. It connects purchase intake and approval routing with purchase orders, receiving, invoice processing, accounts payable, bill payments, expenses, spending cards, and spend reporting.

The platform enforces budgets and purchasing policies and integrates with accounting systems such as NetSuite, QuickBooks, Sage Intacct, and Microsoft Dynamics 365 Business Central. The company reports more than $100 billion in managed spend and over 30,000 users across healthcare, education, biotechnology, manufacturing, and nonprofit sectors.

Competitive Advantages

Procurify concentrates on the mid-market, positioning itself as faster to adopt and deploy than enterprise procurement suites. Its 2026 release added Guided Intake, Order Autopilot, and a rebuilt accounts payable engine that acts on each customer's own purchasing data.

The platform emphasizes connected spend data, configurable approval controls, audit trails, and punchout integrations with suppliers such as Amazon Business and Staples. Independent reviewers have ranked it highly among mid-market procure-to-pay products.