CoProcure, the marketplace for state and local government purchasing, raises a $22M Series A
Summary
And, on the heels of a landmark infrastructure bill, COVID, and rapid ongoing demographic shifts in government— now, more than ever, it’s time for technology and government to work together. From school meals to infrastructure like bridges and EV-charging stations, transportation to pandemic response, government buying decisions determine the speed and quality of public services. CoProcure is bringing the ease and efficiency of online shopping to public procurement, starting with cooperative contract search. In the last year, our marketplace of cooperative contracts has grown to serve more than 300 state and local governments spending well over $100M in estimated annual transaction value on our platform. As we embark on the next phase of our journey, we’re grateful to the public servants who have helped us bring this product to life by giving feedback, serving on our Advisory Council, and sharing CoProcure with peers in the profession.