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SmartProcure, Inc.

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Year established

2011

Location

Deerfield Beach FL US

Primary Industry

Software

About

Based in Florida, US and founded in 2011, SmartProcure, Inc., doing business as GovSpend and GovQuote, offers web-based software solutions to assist procurement officers access data for decision-making, cultivate collaboration, and build a better sense of community and serves government agencies at all levels such as local, state, and national in the US. In January 2021, Thompson Street Capital Partners recapitalized the company. SmartProcure, Inc.'s software solutions assist clients by provision of features and functionalities such as getting quotes through an audience of companies, check prices to discover prices paid by government agencies, receive bid and quote alerts, discover agency leads, find agency contacts, visibility of competitor's sales, validate vendors, lookup sole sources, and search historical spending.
Current Investors
Thompson Street Capital Partners, Endicott Capital

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Primary Industry
Software
Sub Industries
Government, Web Applications, Storage Management Software, Analytics & Performance Software, Information Services
Website
www.govspend.com
Verticals
Cloud Computing, IoT (Internet of Things), RegTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only

Deals

Deals Type
Add-on
Growth
Recapitalisation
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed Fedmine 11 Aug 2021
Completed SmartProcure, Inc. 12 Mar 2021
Completed SmartProcure, Inc. 04 Jan 2021
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