Privia
Latest round
- Series B
Last raised
- Oct 2001
Total raised
- $5.5M
Investors
- 2
About Privia
Privia LLC is focused on improving proposal and contract management processes through its software solutions. The company was acquired by Xait AS, a portfolio company of Viking Venture, in June 2021, although financial terms were not disclosed. The acquisition aimed to integrate over 10,000 users from notable organizations such as KBRwyle, Optum, ManTech International, and Idemia. Privia LLC is headquartered in Herndon, US, and its operations are supported by CEO Jay Mcconville.Privia LLC offers a comprehensive suite of software solutions that streamline proposal and contracting processes, particularly for government and enterprise clients. Their core products include XaitPorter, an advanced co-authoring platform for complex documents; XaitProposal, designed for creating comprehensive proposals; XaitRFI, an intelligent tool for responding to RFIs and security questionnaires; and XaitCPQ, which accurately prices interdependent products and services.Privia LLC operates on a subscription-based revenue model, where clients can choose from various recurring payment plans based on their operational needs. The flagship product, XaitPorter, is offered on a subscription basis, enabling real-time co-authoring of documents and incorporating AI-driven suggestions for content enhancement. Clients engage with the software through annual subscriptions or tiered pricing plans, which adapt to the number of users or features utilized.Following its acquisition by Xait AS, Privia LLC aims to leverage the integration of its software solutions and expand its user base significantly. The company plans to target new geographic markets across North America and Europe to further enhance its market presence. The rationale behind the acquisition was to integrate capabilities that would add substantial value by bringing in a diverse range of clients and establishing a larger footprint in the industry.
Who invested in Privia
2 investors across 1 round
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Funding rounds
Series B
Oct 22, 2001
Amount
$5.5M
Investors
Questions about Privia
Who invested in Privia?
Privia has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Privia raised?
Privia has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Privia last raise money?
Privia's most recent round on record is a Series B, in Oct 2001.
What does Privia do?
Privia LLC is focused on improving proposal and contract management processes through its software solutions.
Where is Privia headquartered?
Privia is headquartered in Herndon, US.
Which VCs invest in companies like Privia?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Privia's stage. Their profiles are linked below.
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