Procural in Bahrain raised $1.2 million in seed funding from Flagship Holding and BenchMatrix in Canada

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Procural in Bahrain raised $1.2 million in seed funding from Flagship Holding and BenchMatrix in Canada. Procural intends to use the new funds to grow its team, improve the capabilities of its platform, and accelerate its growth in the B2B procurement market.

Procural.com is an algorithmic and AI-driven B2B procurement platform that efficiently and data-driven matches vendors and buyers. Procural asserts that it provides a cloud-based infrastructure, customizable approval workflows, automated purchase orders, and real-time budget tracking. Uzair Usman, CEO and co-founder of Procural, hailed the investment as a critical step forward for the company. Flagship Holding says it will use its expertise to help Procural gain a strategic market position.

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Procural in Bahrain raised $1.2 million in seed funding from Flagship Holding and BenchMatrix in Canada

Procural in Bahrain raised $1.2 million in seed funding from Flagship Holding and BenchMatrix in Canada. Procural intends to use the new funds to grow its team, improve the capabilities of its platform, and accelerate its growth in the B2B procurement market.

Procural.com is an algorithmic and AI-driven B2B procurement platform that efficiently and data-driven matches vendors and buyers. Procural asserts that it provides a cloud-based infrastructure, customizable approval workflows, automated purchase orders, and real-time budget tracking. Uzair Usman, CEO and co-founder of Procural, hailed the investment as a critical step forward for the company. Flagship Holding says it will use its expertise to help Procural gain a strategic market position.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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