# Ignite Procurement AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ignite-procurement

- Industry: Software
- Headquarters: Oslo, Norway
- Website: www.igniteprocurement.com
- Total disclosed funding: $7.1M
- Latest round: Series A (Jun 13, 2022)
- Investors on record: 6

## About

Based in Oslo, Norway, and founded in 2017 by its CEO Sigbjørn Nome, and CRO Børge Langedal, Ignite Procurement AS operates as a technology company that provides a spend management solution for mid-market and large enterprises to help them control costs while keeping their supplier base sustainable and compliant. In June 2022, Ignite Procurement AS raised USD 7.1 million in series A funding led by returning investor Arkwright X AS, with participation from another Returning investor Investinor. As of March 2023, the company has a team of more than 50 employees serving more than 80 customers and managing USD100 billion spend. 

Ignite Procurement AS offers a comprehensive suite of procurement solutions, including data management, procurement analytics, carbon accounting, contract management, and supplier management. It also offers readily configurable dashboards, one-click filters, and no-code analytics that streamline the analysis and visualization of data. Ignite's open ecosystem of 3rd-party partners further extends the capabilities, and provides control, and agility across all aspects of spend. In addition, Ignite Procurement offers optional third-party data add-ons such as Supplier Metadata with Infobel, Nordic Financials with Enin, and Global Currencies with Fixer. 

Ignite Procurement AS offers plans designed to fit the needs of different-sized teams, such as basic, advanced, professional, and enterprise plans. Each plan offers different features such as the number of users, data repositories, and customer support.

## Funding rounds

- Series A, Jun 13, 2022, $7.1M — Investinor, Skagerak Capital, SNO Ventures, Arkwright X, MP Pensjon, K4 Group

## Investors

- Investinor (https://capitalatlas.ai/funds/investinor) — Series A
- Skagerak Capital (https://capitalatlas.ai/funds/skagerak-capital) — Series A
- SNO Ventures (https://capitalatlas.ai/funds/sno-ventures) — Series A
- Arkwright X (https://capitalatlas.ai/funds/arkwright-x) — Series A
- MP Pensjon — Series A
- K4 Group — Series A