ProcurePro
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ProcurePro has raised $15M to bring AI procurement control to construction.
The round is led by QIC Ventures, one of Australia's largest sovereign wealth funds, with existing investors Airtree and Glitch Capital and global construction group Bouygues (via ISAI) joining in. It values ProcurePro at over $100 million.
Construction is an $18 trillion industry running on margins of just 1–4%. By the time procurement closes, 80% of a project's cost is already locked in.
Yet most main contractors still manage that critical window through fragmented spreadsheets and email chains.
ProcurePro changes that. One platform. The full procurement lifecycle. Real visibility and control before contracts are signed.
The capital accelerates our AI product roadmap - including BidLevel, our AI bid comparison tool - and supports continued expansion across the UK, Middle East, North America, and ANZ.
Huge thanks to our customers, team, and investors. The work continues.
📰 Read the full announcement: https://hubs.li/Q04gNJvW0
30/04/2026
Ian Fleming sat in this building and invented James Bond.
Churchill made world-altering decisions in these rooms. Spies plotted in these corridors.
Today, construction's finest are gathered under the same roof at the Procore Innovation Summit. Engineering complex projects, running billion-pound programmes, and shaping skylines across the UK.
The construction industry's greatest villain isn't delays, or disputes, or rising material costs.
It's a spreadsheet called FINAL_v2_ACTUAL_FINAL(3)_USE_THIS_ONE.xls,
and nobody knowing where procurement is actually up to.
The mission, should they choose to accept it: full visibility and full control. From first budget to final account.
That's what we're here for. Come find us 👷
22/04/2026
"Are you the same as Procore?"
No.
"Are you sure?"
Yes.
"But you both do construction software?"
Yes.
"And you both start with Pro?"..yes.
"So basically the same thing?"
Procore manages your projects. ProcurePro controls how you procure them.
Different problems. Different tools. Very similar names.
We'll be at the Procore Innovation Summit next week - come find us and we'll clear up any remaining confusion in person.
What a night.
A big thank you again to everyone who came out to our 2026 Top Out Party. Great people, great conversations, and a very good reminder that this industry is built by people who know how to show up.
Here’s a look back at the night.
Now for the important question: where should we go next, and who’s coming?
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