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Valuation

$16.1M

2024 Revenue

$11.3M

Funding

$4.3M

YOY

38.1%

Team

78

Founded

2017

How Ignite Procurement CEO Sigbjørn Nome grew to $11.3M revenue with a 78 person team in 2024.

Strategic Procurement Made Easy: We facilitate data-driven, smarter, and sustainable decisions for procurement professionals and businesses.

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Ignite Procurement Revenue

In 2024, Ignite Procurement's revenue reached $11.3M. The company previously reported $8.2M in 2023. Since its launch in 2017, Ignite Procurement has shown consistent revenue growth.

Ignite Procurement Revenue GrowthReported revenue / ARR over time$0$2.5M$5M$7.5M$10M$12.5M20172018201920202021202220232024$0$4.8M$8.2M$11.3MSource: GetLatka.com
YearMilestoneQuote
2024Ignite Procurement Hit $11.3m revenue in October 2024
2023Ignite Procurement Hit $8.2m revenue in October 2023
2021Ignite Procurement Hit $4.8m revenue in April 2021
2017Launched with $0 revenue

Ignite Procurement Valuation, Funding Rounds

Ignite Procurement reached a $16.1M valuation in 2021, set during its Series A round.

Ignite Procurement has raised $4.3M in total funding across 2 rounds, most recently a $3.4M Series A round in 2021.

Ignite Procurement Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$4M$1M$8M$2M$12M$3M$16M$4M$20M$5M20172018201920202021$16.1MSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2021Series A$3.4M$16.1M21%
2019Seed Round$899.5K--

Founder / CEO

Sigbjørn Nome

CEO

Sigbjørn Nome is the CEO & Product Director at Ignite Procurement.

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Customers

We do not have customer count information for Ignite Procurement yet.

Ignite Procurement Employees & Team Size

Ignite Procurement employs approximately 78 people as of 2026, up from 74 in 2023, including 6 sales reps that carry a quota.

Ignite Procurement Team GrowthReported headcount over time02040608010020172018201920202021202220232024007878Source: GetLatka.com
YearMilestone
2024Reached 78 employees (December 2024)
2024Reached 74 employees (October 2024)
2023Reached 74 employees (October 2023)
2022Reached 64 employees (October 2022)
2021Reached 52 employees (December 2021)
2021Reached 49 employees (April 2021)

Frequently Asked Questions about Ignite Procurement

What is Ignite Procurement's revenue?

Ignite Procurement generates an estimated $11.3M in annual revenue.

Who founded Ignite Procurement?

Ignite Procurement was founded by Sigbjørn Nome.

Who is the CEO of Ignite Procurement?

The CEO of Ignite Procurement is Sigbjørn Nome.

How much funding does Ignite Procurement have?

Ignite Procurement raised $4.3M across 2 rounds.

How many employees does Ignite Procurement have?

Ignite Procurement has 78 employees.

Where is Ignite Procurement headquarters?

Ignite Procurement is headquartered in Oslo, Norway.

Compare Ignite Procurement to the industry

Ignite Procurement operates across multiple industries. Browse revenue, funding, and growth data for Ignite Procurement in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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