Simfoni Raises $15 Million in Series B Funding to Support Rapid Growth and Expansion of Next-Generation Procurement Platform

“We have been tracking the procurement software space for several years, and are thrilled to partner with Simfoni, which has crafted an approach truly unlike anything we’ve ever seen in this market,” said Jack Freeman, Principal at PeakSpan Capital. It utilizes Machine Learning (ML) and AI to leverage data to automate and streamline key aspects of the procurement process, while reducing third-party expenditures across the entire organization. The Simfoni platform utilizes machine learning and artificial intelligence to accelerate and automate key aspects of the procurement process, saving customers time and money and paving the way toward supply chain sustainability. PeakSpan Capital is a growth equity firm based in New York City and Silicon Valley, with a focused mission to be the partner of choice for growth-stage entrepreneurial teams that are building amazing software targeted at business buyers of all sizes. PeakSpan combines deep domain expertise within a select number of themes with a homegrown, proprietary technology platform providing visibility into company and market performance to help entrepreneurs drive resilient, risk-adjusted value creation.