Sunday June 16th, 2024
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Bahrain's Procural Raises $1.2 Million Seed Round

Bahrain’s cutting-edge procurement solutions startup just secured a million dollar investment from Canada’s BenchMatrix.

Startup Scene

Bahrain's Procural Raises $1.2 Million Seed Round

Procural, a Bahrain-based B2B tendering platform, has successfully secured a $1.2 million seed investment round from Flagship Holding and Canada's BenchMatrix. This injection of funds marks a significant milestone for the startup, enabling it to expand its innovative platform and bring its cutting-edge procurement solutions to businesses of all sizes.

Procural's AI-driven and algorithmic platform matches vendors to buyers in a data-driven and efficient manner, offering a range of features that include cloud-based infrastructure, customizable approval workflows, automated purchase orders, and real-time budget tracking. The startup's comprehensive approach to procurement streamlines the purchasing process, saving businesses time and money while ensuring compliance with procurement policies.

With this recent investment, Procural aims to improve its platform's capabilities, expand its team, and accelerate its growth in the B2B procurement market. By continuing to develop its solution, Procural looks to provide businesses across the region with a secure, scalable solution that can be accessed from anywhere, meeting the needs of an increasingly digital and global marketplace.