Fundz

Keelvar Raises $24M To Usher In Next Generation Of Intelligent Sourcing Technology

PRIVATEMay 16, 2022

Amount Raised

$24 Million

Round Type

Funding Round

IrelandSoftware

Description

Keelvar, a global pioneer of intelligent sourcing and automation solutions, today announced it has raised $24 million in Series B funding to simplify and radically improve procurement, the world’s most inefficient trillion-dollar marketplace. Keelvar’s sourcing technology - which leverages AI, data science and smart sourcing bots that run on autopilot - empowers customers to make crucial supply chain decisions quickly and confidently amidst ongoing change and disruption.

Quick answer

Keelvar raised $24 Million in a Funding Round round, dated May 16, 2022. Keelvar is based in Ireland.

How much did Keelvar raise?
Keelvar raised $24 Million in a Funding Round round on May 16, 2022.
What does Keelvar do?
Keelvar is moving procurement forward with its best-in-breed software for intelligent sourcing optimization and automation, designed for easy adoption, scale, and productivity.
Where is Keelvar based and how big is it?
Keelvar is based in Ireland.

Source: Fundz verified event record.

Who else raised in Software around the same time

Companies in the same sectors as Keelvar that raised within 45 days of this round, from Fundz verified event records.

  • Crusoe raised $505M (Funding Round) on April 21, 2022.
  • Devtech raised $13M (Funding Round) on June 30, 2022.
  • XY Retail raised an undisclosed amount (Seed) on June 30, 2022.
  • Mo Hash raised $6M (Seed) on June 30, 2022.
  • Shore Capital Partners raised $290M (Funding Round) on June 30, 2022.
  • Wondr Medical raised $16M (Seed) on June 30, 2022.

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Company Information

Company

Keelvar

Location

Ireland

About

Keelvar is moving procurement forward with its best-in-breed software for intelligent sourcing optimization and automation, designed for easy adoption, scale, and productivity. Keelvar’s SaaS-based award-winning products utilize artificial intelligence, machine learning, and category expertise to deliver purpose-built solutions that are delivering results for blue-chip global companies and mid-sized enterprises. Customers are turning to Keelvar to advance their strategic sourcing journey spanning logistics, packaging, direct materials, and indirect spends. That momentum has resulted in Keelvar receiving $24 million in Series B funding in April 2022 and steady growth of its team worldwide, with headquarters in Cork, Ireland. Visit www.keelvar.com for more information.

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Keelvar raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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