# Order

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

- Industry: Software
- Headquarters: New York, US
- Website: www.order.co
- Total disclosed funding: $41M
- Latest round: Series B (Jul 28, 2021)
- Investors on record: 14

## About

Order Corp. is a procurement platform that automates purchasing processes for businesses, enhancing operational efficiency and cost management. It caters primarily to growing companies across various sectors, including retail and healthcare.Founded in 2016 and headquartered in New York, US, Order Corp. provides a centralized procurement solution to streamline purchasing workflows. The company has successfully closed 8 deals, with its most recent funding round being a Series B in July 2021, raising USD 26.27 mn led by Stage 2 Capital. The founders include Abtin Setyani, Lingadevaru S, Matthew Garippa, Tom Jaklitsch, and Zachary Garippa, while Micah Hall, Tai Phan, and Zachary Garippa serve as CEOs.Order.co offers a comprehensive procurement platform designed to streamline the purchasing process for businesses of varying sizes. The core product is a centralized system that automates the procurement workflow from requisition through to payment, catering primarily to growing businesses seeking efficiency and cost control. Key features include the ability to purchase from multiple vendors in a singular checkout cart, automatic sourcing of cost-effective products, customizable workflows for approvals and budgets, and consolidated invoices into a single monthly billing statement. The platform also provides access to financial solutions such as capital advances and virtual cards, enhancing cash flow management. Order.co primarily serves a B2B client base across various industries, including retail, healthcare, and manufacturing, with operations extending into major markets across North America and Europe.Order.co generates revenue through a subscription-based model where businesses pay for access to its procurement platform and associated services. Clients benefit from features such as automated accounts payable workflows and strategic sourcing capabilities, facilitating efficient transaction flow. The structure of transactions includes recurring subscriptions to the procurement platform, with clients often consolidating their purchasing needs across multiple vendors, thereby leveraging bulk buying for cost savings. Specific pricing plans are tailored to the needs of the organization, varying based on features selected and the scale of operations, focusing on procurement software and AP automation that enhance operational efficiency and financial transparency.In July 2021, Order Corp. raised USD 27.28 mn in Series B funding, led by Stage 2 Capital, to accelerate its payments business and advance product development. The company aims to design and launch new features for its procurement platform and expand its operations into additional markets in North America and Europe by 2023.

## Funding rounds

- Series B, Jul 28, 2021, $26M — Collaborative Fund, Seven Peaks Ventures, Clocktower Technology Ventures, Ankona Capital, Stage 2 Capital
- Series A, Feb 11, 2020, $10M — Rally Ventures, Entrepreneurs Roundtable Accelerator, Green Visor Capital, 645 Ventures, Stage 2 Capital
- Seed, Aug 1, 2018, $4.6M — Social Capital, Entrepreneurs Roundtable Accelerator, Global Founders Capital, Green Visor Capital, 645 Ventures, A-Level Capital, TJNS Capital, SummitVision Capital, LLC.
- Seed, Jan 4, 2016, $0M — Entrepreneurs Roundtable Accelerator

## Investors

- Entrepreneurs Roundtable Accelerator (https://capitalatlas.ai/funds/entrepreneurs-roundtable-accelerator) — Seed, Series A
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Green Visor Capital (https://capitalatlas.ai/funds/green-visor-capital) — Seed, Series A
- 645 Ventures (https://capitalatlas.ai/funds/645-ventures) — Seed, Series A
- A-Level Capital (https://capitalatlas.ai/funds/a-level-capital) — Seed
- TJNS Capital (https://capitalatlas.ai/funds/tjns-capital) — Seed
- SummitVision Capital, LLC. — Seed
- Rally Ventures (https://capitalatlas.ai/funds/rally-ventures) — Series A
- Stage 2 Capital — Series A, Series B
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Series B
- Seven Peaks Ventures (https://capitalatlas.ai/funds/seven-peaks-ventures) — Series B
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Series B
- Ankona Capital (https://capitalatlas.ai/funds/ankona-capital) — Series B