[ad_1]
\n<\/p>\n
Existing venture investors Airtree and Glitch Capital participated, together with global construction giants Bouygues via its VC fund managed by ISAI.<\/p>\n
The funding will be used to accelerate ProcurePro\u2019s construction-focused AI product suite, whilst supporting expansion across the United Kingdom, the Middle East and North America.<\/p>\n
At the procurement stage, 80% of costs are already committed, and supply chain risk is locked in, but across the industry this process is still managed through fragmented spreadsheets, email chains, and disconnected documents.<\/p>\n
The ProcurePro platform brings the full procurement lifecycle into one system \u2013 from scheduling and tendering through to bid analysis and subcontracting, giving contractors control, visibility, and certainty before contracts are signed.<\/p>\n
Over the past six years, ProcurePro has been deployed across 6,000 construction projects globally and processed more than 200,000 trade packages.<\/p>\n
That dataset now underpins ProcurePro\u2019s AI product roadmap, including BidLevel AI, the company\u2019s flagship intelligence tool for comparing complex subcontractor quotes. A process that traditionally takes commercial teams days, and sometimes weeks, can now be completed in minutes.<\/p>\n
Alastair Blenkin, Founder and CEO of ProcurePro, said: \u201cConstruction firms are still managing their most critical commercial decisions and millions in spend via out-of-date and untrustworthy spreadsheets. The lack of true oversight delays risk identification which ultimately erodes margins. We built ProcurePro to bring structure, control and certainty to the commercial cockpit of construction firms.<\/p>\n
\u201cWhat makes this even more powerful is the data. After years of supporting procurement across thousands of projects, we now have a rich foundation of real-world procurement data. This funding allows us to invest further in AI, where we\u2019ll enable construction firms to estimate new project costs backed by their historical purchasing data, rather than someone\u2019s estimate, memory, or a finger in the wind.\u201d<\/p>\n<\/p><\/div>\n