Accel

Accel, established in 1983, is a prominent venture capital firm headquartered in Palo Alto, California, with additional offices in San Francisco, London, and Bangalore. The firm specializes in investing in early and growth-stage technology startups, focusing on sectors such as software, cloud technologies, consumer services, enterprise, healthcare, fintech, and security. Accel's portfolio includes notable companies like Atlassian, Facebook, Slack, and Spotify, reflecting its ability to identify and support entrepreneurs building businesses that drive next-generation industries.

Casey Aylward

Partner

Mahendran Balachandran

Partner, India

Luca Bocchio

Partner

Andrei Brasoveanu

Partner

Katie Brown

Investor

Ethan Choi

Partner

Miles Clements

Partner

Adrian Colyer

Venture Partner

Kevin Comolli

Partner

Ben Dooley

CFO

Peter Doyle

Investor

Christine Esserman

Partner

Sameer Gandhi

Partner

Sara Ittelson

Partner

Myrel Iturrey

Investor

Dinesh Katiyar

Partner

Richard Kotite

Vice President

Gagan Kumar

General Partner

Daniel Levine

Partner

John Locke

Partner

Zhenya Loginov

Partner

Steve Loughlin

Partner

Arun Mathew

Partner

Jonathan Mendelson

Investor

Subrata Mitra

Partner

Gonzalo Mocorrea

Investor

Vasant Natarajan

Partner

Vas Natarajan

Partner

Harry Nelis

Partner

Nate Niparko

Partner

Rachit Parekh

Investor

Vijaysai Patnaik

Associate

Varun Purandare

Principal and Investor

Ben Quazzo

Investor, Venture and Growth

Rafael Quintanilla Loeillet

Early-Stage Investor

Tim Rawlinson

Investor - Growth

Matthew Robinson

Investor

Sagar Sanghvi

Partner

Tracy Sedlock

Chief Operating Partner

Karan Shah

Investor

Manasi Shah

Vice President and Investment Team Member

Sarthak Singh

Investor

Robert Sternberg

Investor

Barath Shankar Subramanian

Senior Analyst

Charles Tananbaum

Investor

Humza Tariq

Investor

Jonathan Turner

Partner

Cecilia Wang

Vice President and Investor

Matt Weigand

Partner

Richard Wong

Partner

Ivan Zhou

Partner

Past deals in Procurement

Omnea

Series A in 2024
Omnea is a FinTech company focused on automating and streamlining the B2B purchasing process for businesses in Africa. Its platform facilitates the management of vendor setups and order creation, allowing employees to submit purchase requests with ease. By offering an orchestration layer, Omnea centralizes the entire purchasing workflow, from initial requests to final purchases, while automating approval processes. This approach enhances operational efficiency and ensures that businesses can manage their procurement activities effectively, ultimately improving the overall purchasing experience for employees.

BRIK

Seed Round in 2023
Brik is a construction material aggregator that streamlines the procurement process for small and midsize contractors. By operating a direct-to-consumer procurement platform, Brik shortens the distribution chain for construction materials, delivering technically precise and solution-oriented products to construction and mining companies. The company's offerings include a range of high-volume products, such as Green Concrete and Paints and Coatings. Brik addresses common industry challenges, including a lack of price transparency, unreliable quality, a fragmented vendor base, and inefficient logistics. Through its innovative approach, Brik aims to enhance the efficiency and effectiveness of material sourcing for its clients.

Spendflo

Series A in 2023
Spendflo is a SaaS procurement and renewal solution that assists businesses in managing their software-as-a-service tools efficiently. The platform streamlines the processes of requesting, approving, and onboarding SaaS subscriptions, allowing companies to save time and reduce costs. Spendflo's experienced team works closely with clients to understand their specific needs and leverage industry pricing benchmarks to secure favorable deals. By centralizing purchase requests, approvals, and contracts, the platform not only simplifies the procurement process but also helps companies maintain better control over their SaaS expenditures. Overall, Spendflo enhances the efficiency of SaaS management, ensuring businesses can optimize their software investments effectively.

Venwiz

Series A in 2023
VenWiz operates an online B2B platform designed to connect manufacturers with skilled service vendors, addressing the challenges of the traditionally underserved procurement process in India’s manufacturing sector. The platform offers a comprehensive digital marketplace that includes a database of qualified vendors and features such as vendor assessment tools and digital procurement solutions. By optimizing the procurement lifecycle, VenWiz enhances the efficiency of vendor selection and communication, ultimately enabling manufacturers to save time and resources. Additionally, the platform digitizes post-purchase order milestone management, ensuring timely project completion and facilitating a seamless procurement experience for its clients.

Spendflo

Seed Round in 2022
Spendflo is a SaaS procurement and renewal solution that assists businesses in managing their software-as-a-service tools efficiently. The platform streamlines the processes of requesting, approving, and onboarding SaaS subscriptions, allowing companies to save time and reduce costs. Spendflo's experienced team works closely with clients to understand their specific needs and leverage industry pricing benchmarks to secure favorable deals. By centralizing purchase requests, approvals, and contracts, the platform not only simplifies the procurement process but also helps companies maintain better control over their SaaS expenditures. Overall, Spendflo enhances the efficiency of SaaS management, ensuring businesses can optimize their software investments effectively.

Aavenir

Series A in 2022
Aavenir Software Pvt. Ltd specializes in developing Software-as-a-Service solutions for source-to-pay processes. Founded in 2019 and headquartered in Ahmedabad, India, with an office in San Francisco, California, Aavenir utilizes machine learning and natural language processing technologies to enhance procurement efficiency. Its platform automates invoice processing by extracting vital information such as invoice numbers and payment terms, while validating data against purchase orders and contract details to ensure accuracy. Aavenir's solutions aim to streamline procurement and contract lifecycle management, offering clients actionable insights based on historical data to optimize their processes.

Infra.Market

Series C in 2021
Infra.Market is a construction solutions company that operates a centralized online procurement marketplace for the construction materials industry. It offers a comprehensive range of products, including cement, steel, and chemicals, to meet diverse construction needs. By leveraging technology, Infra.Market simplifies the procurement and logistics processes, providing clients with an efficient platform that aggregates demands and matches them with its supply chain. The company also emphasizes affordability by offering credit options and enhancing delivery tracking capabilities, thereby delivering a streamlined experience for businesses in the real estate and construction sectors. Through innovation and technology, Infra.Market is transforming the construction materials ecosystem.

Venwiz

Seed Round in 2021
VenWiz operates an online B2B platform designed to connect manufacturers with skilled service vendors, addressing the challenges of the traditionally underserved procurement process in India’s manufacturing sector. The platform offers a comprehensive digital marketplace that includes a database of qualified vendors and features such as vendor assessment tools and digital procurement solutions. By optimizing the procurement lifecycle, VenWiz enhances the efficiency of vendor selection and communication, ultimately enabling manufacturers to save time and resources. Additionally, the platform digitizes post-purchase order milestone management, ensuring timely project completion and facilitating a seamless procurement experience for its clients.

Infra.Market

Series B in 2020
Infra.Market is a construction solutions company that operates a centralized online procurement marketplace for the construction materials industry. It offers a comprehensive range of products, including cement, steel, and chemicals, to meet diverse construction needs. By leveraging technology, Infra.Market simplifies the procurement and logistics processes, providing clients with an efficient platform that aggregates demands and matches them with its supply chain. The company also emphasizes affordability by offering credit options and enhancing delivery tracking capabilities, thereby delivering a streamlined experience for businesses in the real estate and construction sectors. Through innovation and technology, Infra.Market is transforming the construction materials ecosystem.

Infra.Market

Series B in 2020
Infra.Market is a construction solutions company that operates a centralized online procurement marketplace for the construction materials industry. It offers a comprehensive range of products, including cement, steel, and chemicals, to meet diverse construction needs. By leveraging technology, Infra.Market simplifies the procurement and logistics processes, providing clients with an efficient platform that aggregates demands and matches them with its supply chain. The company also emphasizes affordability by offering credit options and enhancing delivery tracking capabilities, thereby delivering a streamlined experience for businesses in the real estate and construction sectors. Through innovation and technology, Infra.Market is transforming the construction materials ecosystem.

Aavenir

Seed Round in 2020
Aavenir Software Pvt. Ltd specializes in developing Software-as-a-Service solutions for source-to-pay processes. Founded in 2019 and headquartered in Ahmedabad, India, with an office in San Francisco, California, Aavenir utilizes machine learning and natural language processing technologies to enhance procurement efficiency. Its platform automates invoice processing by extracting vital information such as invoice numbers and payment terms, while validating data against purchase orders and contract details to ensure accuracy. Aavenir's solutions aim to streamline procurement and contract lifecycle management, offering clients actionable insights based on historical data to optimize their processes.

Infra.Market

Series A in 2019
Infra.Market is a construction solutions company that operates a centralized online procurement marketplace for the construction materials industry. It offers a comprehensive range of products, including cement, steel, and chemicals, to meet diverse construction needs. By leveraging technology, Infra.Market simplifies the procurement and logistics processes, providing clients with an efficient platform that aggregates demands and matches them with its supply chain. The company also emphasizes affordability by offering credit options and enhancing delivery tracking capabilities, thereby delivering a streamlined experience for businesses in the real estate and construction sectors. Through innovation and technology, Infra.Market is transforming the construction materials ecosystem.

Infra.Market

Seed Round in 2019
Infra.Market is a construction solutions company that operates a centralized online procurement marketplace for the construction materials industry. It offers a comprehensive range of products, including cement, steel, and chemicals, to meet diverse construction needs. By leveraging technology, Infra.Market simplifies the procurement and logistics processes, providing clients with an efficient platform that aggregates demands and matches them with its supply chain. The company also emphasizes affordability by offering credit options and enhancing delivery tracking capabilities, thereby delivering a streamlined experience for businesses in the real estate and construction sectors. Through innovation and technology, Infra.Market is transforming the construction materials ecosystem.

STOQO

Series A in 2018
STOQO Technology operates an online marketplace tailored for small restaurant and hotel owners in Indonesia, enabling them to bulk source raw materials directly from manufacturers at competitive prices. Founded in 2016 and based in Jakarta, the company offers a platform that simplifies the procurement process for culinary businesses by providing a wide range of supplies, including food ingredients, beverages, and cleaning products. Through its application, users can efficiently manage their sourcing needs, allowing them to focus more on customer service and operational efficiency. By connecting food industry players with major manufacturers and distributors, STOQO aims to streamline back-end operations and enhance the overall supply chain for its clients.

Power2SME

Series E in 2017
Power2SME is India's first buying club dedicated to small and medium enterprises (SMEs), aiming to empower them and contribute to the country's growth. The company focuses on reducing the purchase prices of raw materials by pooling the demand from various SMEs and sourcing these materials directly from manufacturers. This model allows Power2SME to negotiate competitive pricing and ensure a wide selection of quality suppliers across multiple product categories, including chemicals, metals, and polymers. By providing an e-commerce platform that offers these commodities at economical rates, Power2SME helps SMEs enhance their productivity and achieve significant business value.

ServiceChannel

Venture Round in 2017
ServiceChannel, established in 1999 and based in Pleasanton, California, specializes in a cloud-based platform that streamlines facility maintenance and operations for businesses. It offers a real-time, web-based solution for procuring, managing, and paying for services from commercial service providers, enabling companies to maintain brand equity and drive significant ROI without outsourcing control or investing in new infrastructure.

Power2SME

Series D in 2016
Power2SME is India's first buying club dedicated to small and medium enterprises (SMEs), aiming to empower them and contribute to the country's growth. The company focuses on reducing the purchase prices of raw materials by pooling the demand from various SMEs and sourcing these materials directly from manufacturers. This model allows Power2SME to negotiate competitive pricing and ensure a wide selection of quality suppliers across multiple product categories, including chemicals, metals, and polymers. By providing an e-commerce platform that offers these commodities at economical rates, Power2SME helps SMEs enhance their productivity and achieve significant business value.

Power2SME

Series C in 2014
Power2SME is India's first buying club dedicated to small and medium enterprises (SMEs), aiming to empower them and contribute to the country's growth. The company focuses on reducing the purchase prices of raw materials by pooling the demand from various SMEs and sourcing these materials directly from manufacturers. This model allows Power2SME to negotiate competitive pricing and ensure a wide selection of quality suppliers across multiple product categories, including chemicals, metals, and polymers. By providing an e-commerce platform that offers these commodities at economical rates, Power2SME helps SMEs enhance their productivity and achieve significant business value.

Power2SME

Series B in 2013
Power2SME is India's first buying club dedicated to small and medium enterprises (SMEs), aiming to empower them and contribute to the country's growth. The company focuses on reducing the purchase prices of raw materials by pooling the demand from various SMEs and sourcing these materials directly from manufacturers. This model allows Power2SME to negotiate competitive pricing and ensure a wide selection of quality suppliers across multiple product categories, including chemicals, metals, and polymers. By providing an e-commerce platform that offers these commodities at economical rates, Power2SME helps SMEs enhance their productivity and achieve significant business value.

Power2SME

Series A in 2012
Power2SME is India's first buying club dedicated to small and medium enterprises (SMEs), aiming to empower them and contribute to the country's growth. The company focuses on reducing the purchase prices of raw materials by pooling the demand from various SMEs and sourcing these materials directly from manufacturers. This model allows Power2SME to negotiate competitive pricing and ensure a wide selection of quality suppliers across multiple product categories, including chemicals, metals, and polymers. By providing an e-commerce platform that offers these commodities at economical rates, Power2SME helps SMEs enhance their productivity and achieve significant business value.

Noosh

Series C in 2009
Noosh is a provider of marketing and procurement software that specializes in managing print and related marketing expenditures. With over a decade of experience, Noosh offers a software-as-a-service solution designed to help enterprises and print outsourcers reduce print costs, enhance visibility and control, and maintain brand consistency. Headquartered in Silicon Valley, the company operates offices across North America and collaborates with leading print outsourcers globally. Its customer base includes large enterprises from various sectors, such as financial services, consumer products, and retail. Noosh's software streamlines critical processes, including the procurement and financial "source to pay" process and the marketing "design to delivery" process. This approach enables significant efficiency improvements and cost savings throughout the print supply chain. The platform facilitates seamless interaction among all stakeholders in the print procurement process, including marketing managers, agencies, print buyers, and suppliers, all within a user-friendly web interface.

Noosh

Series B in 2005
Noosh is a provider of marketing and procurement software that specializes in managing print and related marketing expenditures. With over a decade of experience, Noosh offers a software-as-a-service solution designed to help enterprises and print outsourcers reduce print costs, enhance visibility and control, and maintain brand consistency. Headquartered in Silicon Valley, the company operates offices across North America and collaborates with leading print outsourcers globally. Its customer base includes large enterprises from various sectors, such as financial services, consumer products, and retail. Noosh's software streamlines critical processes, including the procurement and financial "source to pay" process and the marketing "design to delivery" process. This approach enables significant efficiency improvements and cost savings throughout the print supply chain. The platform facilitates seamless interaction among all stakeholders in the print procurement process, including marketing managers, agencies, print buyers, and suppliers, all within a user-friendly web interface.

Noosh

Series A in 2003
Noosh is a provider of marketing and procurement software that specializes in managing print and related marketing expenditures. With over a decade of experience, Noosh offers a software-as-a-service solution designed to help enterprises and print outsourcers reduce print costs, enhance visibility and control, and maintain brand consistency. Headquartered in Silicon Valley, the company operates offices across North America and collaborates with leading print outsourcers globally. Its customer base includes large enterprises from various sectors, such as financial services, consumer products, and retail. Noosh's software streamlines critical processes, including the procurement and financial "source to pay" process and the marketing "design to delivery" process. This approach enables significant efficiency improvements and cost savings throughout the print supply chain. The platform facilitates seamless interaction among all stakeholders in the print procurement process, including marketing managers, agencies, print buyers, and suppliers, all within a user-friendly web interface.

Noosh

Venture Round in 1999
Noosh is a provider of marketing and procurement software that specializes in managing print and related marketing expenditures. With over a decade of experience, Noosh offers a software-as-a-service solution designed to help enterprises and print outsourcers reduce print costs, enhance visibility and control, and maintain brand consistency. Headquartered in Silicon Valley, the company operates offices across North America and collaborates with leading print outsourcers globally. Its customer base includes large enterprises from various sectors, such as financial services, consumer products, and retail. Noosh's software streamlines critical processes, including the procurement and financial "source to pay" process and the marketing "design to delivery" process. This approach enables significant efficiency improvements and cost savings throughout the print supply chain. The platform facilitates seamless interaction among all stakeholders in the print procurement process, including marketing managers, agencies, print buyers, and suppliers, all within a user-friendly web interface.

BRIK

Brik is a construction material aggregator that streamlines the procurement process for small and midsize contractors. By operating a direct-to-consumer procurement platform, Brik shortens the distribution chain for construction materials, delivering technically precise and solution-oriented products to construction and mining companies. The company's offerings include a range of high-volume products, such as Green Concrete and Paints and Coatings. Brik addresses common industry challenges, including a lack of price transparency, unreliable quality, a fragmented vendor base, and inefficient logistics. Through its innovative approach, Brik aims to enhance the efficiency and effectiveness of material sourcing for its clients.
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