CombineNet
Latest round
- Series C
Last raised
- Feb 2004
Total raised
- $18M
Investors
- 4
About CombineNet
CombineNet Inc.CombineNet Inc. is a Pittsburgh, US-based company founded in 2000, focusing on innovative procurement solutions.00 mn. The acquisition marked a pivotal moment in its business strategy, integrating CombineNet's technology into SciQuest's broader offerings.JAGGAER One for Financial Services Procurement offers a comprehensive suite of AI-powered source-to-pay solutions designed to enhance procurement efficiency for banking, financial services, and insurance sectors. The platform integrates risk management and strategic sourcing tools, enabling users to identify cost savings and best value across multiple suppliers and regions. With advanced analytics and embedded intelligence, it provides a unified system that allows organizations to track supplier activities, ensure compliance with regulatory standards, and establish risk mitigation strategies. The product is tailored for a variety of clients, including large financial institutions and insurance companies that require stringent security and transparency in their procurement processes.JAGGAER generates revenue through a subscription-based model that encompasses its suite of source-to-pay solutions, allowing clients to streamline their procurement processes while managing risks effectively. The transactions typically involve annual or multi-year contracts where clients pay for access to the JAGGAER platform, which includes features for supplier management, spend analysis, and compliance tracking. These partnerships are predominantly B2B, with financial institutions utilizing the platform to optimize their sourcing and procurement strategies. The revenue structure is supported by various product offerings, with flagship services such as JAGGAER’s Supplier Intelligence and ESG Intelligence tools, enhancing the value proposition for clients.Following its acquisition by SciQuest, CombineNet Inc. is focusing on enhancing its product offerings and expanding into new markets. The company plans to launch new features within its JAGGAER One platform and aims to strengthen its presence in the North American and European markets by the end of 2025.00 mn is expected to support these initiatives by enabling further product development and market penetration efforts.
Who invested in CombineNet
4 investors across 2 rounds
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Questions about CombineNet
Who invested in CombineNet?
CombineNet has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CombineNet raised?
CombineNet has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did CombineNet last raise money?
CombineNet's most recent round on record is a Series C, in Feb 2004.
What does CombineNet do?
CombineNet is a business support services company.
Where is CombineNet headquartered?
CombineNet is headquartered in Pittsburgh, US.
Which VCs invest in companies like CombineNet?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back business support services companies at CombineNet's stage. Their profiles are linked below.
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