# BuyerAssist.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/buyerassist-io

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.buyerassist.io
- Total disclosed funding: $2M
- Latest round: Seed (Mar 29, 2021)
- Investors on record: 3

## About

BuyerAssist.io is a digital solutions provider that enhances procurement processes, offering tools designed to optimize buyer-supplier interactions and improve transaction efficiency.BuyerAssist.io, Inc. was founded in 2020 and operates from San Francisco, US. The company focuses on optimizing procurement processes through its advanced platform. The founders, Amit Dugar and Shankar Ganapathy, have a history of innovation in tech development. In March 2021, BuyerAssist.io raised USD 2 million in Seed funding from Emergent Ventures, Stellaris Venture Partners, and Better Capital, bringing the total amount raised to USD 2 million with a current valuation of USD 4.216 mn.BuyerAssist.io specializes in providing a suite of digital solutions aimed at optimizing the procurement process for businesses across various sectors. Their core product offering includes an advanced platform designed to streamline the buyer-supplier relationship, facilitating efficient transactions and communication. The platform addresses issues like inefficiencies in sourcing and procurement delays while targeting small to medium-sized enterprises and larger corporations in sectors such as retail, manufacturing, and logistics. The company serves markets beyond North America, with expanding operations in Europe and Asia.BuyerAssist.io generates revenue through a subscription-based model, where clients pay a recurring fee for access to the platform's features. The pricing structure includes tiered packages tailored to different organizational needs. Additional revenue sources may include partnerships with suppliers that enhance the platform's offerings. Clients utilize the service for procurement activities while leveraging features such as analytics and supplier performance metrics, focusing on delivering measurable efficiencies and cost savings.Following the Seed funding round in March 2021, BuyerAssist.io plans to expand its workforce in India and the US to bolster its platform development. The company aims to enhance its product offerings further and penetrate additional markets by targeting specific geographic regions in Europe and Asia for expansion. The funding will support these initiatives by facilitating the hiring of talent that can drive innovation and growth.

## Funding rounds

- Seed, Mar 29, 2021, $2M — Stellaris Venture Partners, Emergent Ventures, Better Capital

## Investors

- Stellaris Venture Partners (https://capitalatlas.ai/funds/stellaris-venture-partners) — Seed
- Emergent Ventures (https://capitalatlas.ai/funds/emergent-ventures) — Seed
- Better Capital — Seed