Pivot, the procurement automation startup headquartered in Paris, France, has successfully concluded its Series A funding round, raising €20 million. This milestone comes on the heels of a €5 million pre-Seed funding round merely 72 days ago.

Investment Support

The Series A funding round saw continued support from existing investors, namely Visionaries, Emblem, Anamcara, and Oliver Samwer, co-founder of Rocket Internet.

• Visionaries, a Berlin-based early-stage venture capital fund established in 2019, focuses on investments in business-to-business, information technology, big data, software-as-a-service, and the Internet of Things sectors.
• Founded in 2023, Emblem, a Paris-based venture capital firm, specializes in investing in (pre) seed-stage companies.
• Anamcara, a pre-/seed stage fund, provides angel-size checks to B2B companies across Europe.

Utilization of Funds

The newly acquired funds will serve to expedite Pivot’s growth trajectory and facilitate further expansion within the European market.

About Pivot

Pivot, founded in Paris, is a startup offering full-service spend control software tailored for procurement teams. The software streamlines and optimizes procurement processes, featuring native integrations with ERPs like Netsuite and collaboration tools such as Slack, Otka, Personio, and BambooHR. By automating tasks for finance, legal, compliance, and security teams, Pivot’s software reduces manual workload, enhancing overall efficiency.

If you are a proptech company and want to promote your products, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.

Explore more Proptech news at media.proptechbuzz.com, for news tips and promotions, reach out to marketing@proptechbuzz.com