Emerging and High Growth Companies

Procurify in its $26 million Series B financing

Procurify Technologies Inc.
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin D. Young

Partner, Emerging and High Growth Companies, Vancouver

On June 20, 2019, Procurify Technologies Inc. completed its $26 million Series B financing round, led by Toronto-based Information Venture Partners and included BC Tech Fund managed by Kensington Capital, HarbourVest Partners, Manulife and Runa Capital.

Procurify is a spend management software solution for businesses based in Vancouver. Procurify’s goal is to help organizations “reinvent” the way they spend money. Its products consist of including purchasing workflows, real-time budget tracking, spend analytics, expense management, customizable approvals, as well as mobile request, approve, receive services.

Osler, Hoskin & Harcourt LLP advised Procurify Technologies Inc. with a team consisting of Chad Bayne, Justin Young and Manveer Bisla (Emerging & High Growth Companies) and Adam Bosma (Corporate).

Value
$26 million
Date Closed
June 20, 2019
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin D. Young

Partner, Emerging and High Growth Companies, Vancouver