# Nipendo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nipendo

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.nipendo.com
- Total disclosed funding: $12M
- Latest round: Series B (Mar 11, 2013)
- Investors on record: 2

## About

Nipendo Ltd. offers a cloud-based procurement automation platform that streamlines interactions between businesses and suppliers, optimizing the procurement process and enhancing operational efficiency.Founded in 2007, Nipendo Ltd. is based in Boston, US, and specializes in automating procurement processes. Nipendo was co-founded by Alon and Eyal Rosenberg, who have significant experience in the tech industry. The company is set to be acquired by American Express, with the deal expected to close by March 2023.Nipendo specializes in a cloud-based procurement automation platform that facilitates efficient interactions between purchasing organizations and their suppliers. This platform automates the entire procurement process, encompassing the management of documents such as Request for Proposals (RFPs), Purchase Orders, Invoices, and Shipping Notifications. By integrating seamlessly with existing ERP systems, Nipendo’s solution is designed to optimize supplier management by reducing manual processing, thereby enhancing efficiency and minimizing errors. The company caters to a diverse client base across various industries, including utilities, healthcare, aerospace and defense, chemicals, pharmaceuticals, technology, and finance, demonstrating its versatility across different sectors. Geographically, Nipendo's solutions are deployed in multiple markets, serving organizations that demand streamlined procurement processes regardless of their location.Nipendo generates revenue primarily through subscription-based models, where clients pay for access to their procurement automation platform while leveraging its robust features. The transactions typically involve organizations subscribing to the platform to automate their interactions with suppliers, resulting in improved order and invoice processing. Clients utilize Nipendo’s service to eliminate manual tasks associated with procurement, leading to increased operational efficiency. While specific pricing plans are not disclosed, the revenue structure supports long-term partnerships with clients who rely on Nipendo's platform for ongoing procurement needs. The company's flagship product enhances supplier collaboration and lowers processing costs, contributing to its strategic value in the market.

## Funding rounds

- Series B, Mar 11, 2013, $8M — Magma Venture Partners, Horizons Ventures
- Series A, Oct 16, 2009, $4M — Magma Venture Partners

## Investors

- Magma Venture Partners (https://capitalatlas.ai/funds/magma-venture-partners) — Series A, Series B
- Horizons Ventures — Series B