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    Doha skyline and traditional Qatari dhows in calm waters, framed by palm trees, symbolising Qatar’s stability, economic resilience, and strategic leadership in a volatile region.

    Stability Over Spectacle: Qatar’s Playbook for Regional Flashpoints

    Selected from over 850 applicants, the ninth cohort includes startups in fintech, AI, SaaS, and sustainability. Hosted by 500 Global and Sanabil Investments. Demo Day scheduled for July 2. - Rasmal

    Sanabil Accelerator by 500 Global Announces Ninth Cohort Ahead of July Demo Day in Riyadh

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    UAE’s MBRIF Accelerator Cohort 9 Demo Day Highlights Startups Driving Innovation Across Strategic Sectors

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Bahrain’s Procural B2B Procurement Platform Closes $1.2M in Seed Funding

Bahrain’s Procural B2B Procurement Platform Closes $1.2M in Seed Funding

Team RasmalbyTeam Rasmal
March 11, 2023
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Bahrain’s Procural has secured a SEED investment of $1.2M from Flagship Holding and Canada-based BenchMatrix. Procural.com is an algorithmic and AI-driven B2B procurement platform that matches vendors to buyers in an efficient, data-driven way.

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Doha skyline and traditional Qatari dhows in calm waters, framed by palm trees, symbolising Qatar’s stability, economic resilience, and strategic leadership in a volatile region.

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Procural claims to offer a cloud-based infrastructure, customizable approval workflows, automated purchase orders, and real-time budget tracking. CEO and co-founder of Procural, Uzair Usman, hailed the investment as a crucial step forward for the company.

“We found a gap in the market and have developed a secure, scalable solution that can be accessed from anywhere,” he said. “By streamlining the purchasing process, businesses can save time and money, while also ensuring compliance with their procurement policies. This investment is a validation of our platform’s credibility and potential, and we’re excited to work with Flagship Holding and BenchMatrix to take Procural to the next level. Bahrain’s position as the regional leader in technology and innovation will be strengthened by the platform”.

With the new funding, Procural plans to expand its team, improve its platform’s capabilities, and accelerate its growth in the B2B procurement market. Flagship Holding says it will leverage its expertise to help Procural gain a strategic position in the market. BenchMatrix will bring its development prowess to bear and accelerate Procural’s in-house development cycle. “This investment is a testament to our vision and hard work, and we’re thrilled to partner with Flagship Holding and BenchMatrix to bring Procural to the forefront of the procurement industry,” concluded Uzair Usman.


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Tags: b2bFundingNewsGulf Business NewsProcural B2B Procurement PlatformSeed FundingStartup
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