Focal Point, an Atlanta, Georgia-based provider of an end-to-end enterprise procurement management platform, announced the completion of a $3 million Seed round.
Participating investors include Susa Ventures, Amplo, GoPoint Ventures, Bungalow Capital, and Operator Partners.
The investment will enable Focal Point to accelerate the adoption of its platform, build enhanced software functionality and capabilities, add industry executives to its leadership team and modernize and optimize corporate procurement departments and operations at the enterprise level.
Company: Focal Point Procurement Solutions Inc.
Raised: $3.0M
Round: Seed Round
Funding Month: June 2022
Lead Investors: Susa Ventures, Amplo, GoPoint Ventures, Bungalow Capital, and Operator Partners
Additional Investors:
Company Website: https://www.getfocalpoint.com/
Software Category: end-to-end Enterprise Procurement Management
About the Company: Focal Point was founded in 2020 by Anders Lillevik, Focal Point provider of an end-to-end enterprise procurement management platform, that empowers enterprise Chief Procurement Officers to fully modernize and optimize their operations. With its end-to-end procurement management platform, procurement teams can maximize the value of every dollar spent, ensure the safety and security of all transactions, and ultimately enhance the customer experience. Focal Point's platform integrates seamlessly with legacy procurement infrastructure, ensuring maximum ROI on existing investments. Global brands manage their procurement with Focal Point.
Source: https://www.prweb.com/releases/focal_point_raises_3_million_in_funding_round_to_transform_procurement_orchestration_for_enterprise_customers/prweb18764782.htm