# Privia

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

- Industry: Software
- Headquarters: Herndon, US
- Website: www.privia.com
- Total disclosed funding: $5.5M
- Latest round: Series B (Oct 22, 2001)
- Investors on record: 2

## About

Privia LLC specializes in providing innovative software solutions to enhance the efficiency of proposal and contract management for various sectors, including government and enterprise clients.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. The most recent funding round was a Growth round in which Privia LLC raised USD 2.10 mn, led by Goff Capital, Inc., with participation from Chicago Venture Partners and DL Investment Partners, among others. This amount represents the total capital raised by the company.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. These solutions facilitate teamwork, allowing multiple users to collaborate while ensuring document integrity and version control, serving industries such as manufacturing, energy, government, and construction, with a strong presence in North America and Europe.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. This structure supports efficient bid and proposal development, reducing the time and resources required for document preparation and fostering long-term client relationships across different sectors, especially those involved in public procurement.Following its acquisition by Xait AS, Privia LLC aims to leverage the integration of its software solutions and expand its user base significantly. The recent Growth funding will be utilized to enhance product development and support the launch of upcoming software features. 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.

## Funding rounds

- Series B, Oct 22, 2001, $5.5M — Benchmark, VSP Capital

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series B
- VSP Capital (https://capitalatlas.ai/funds/vsp-capital) — Series B