Ignite Procurementrevenue, valuation & funding
Other Analytics SoftwareOslo, NorwayFounded 2017CEO Sigbjørn Nome
Ignite Procurement is an Other Analytics Software company based in Oslo, founded in 2017.
Ignite Procurement revenue
Ignite Procurement has not published its revenue. GetLatka estimates it at about $11.3M a year (October 2024).
All 3 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Apr 2021 | $4.8M | – |
| Oct 2023 | $8.2MEST. | GetLatka estimate |
| Oct 2024 | $11.3MEST. | GetLatka estimate |
– source not recorded
Ignite Procurement valuation
Ignite Procurement is privately held, so there is no Ignite Procurement stock to buy. Investors valued it at $16.1M in its April 2021 Series A.
Ignite Procurement funding rounds & investors
Ignite Procurement has raised $4.3M across two rounds since 2019. The latest was a $3.4M Series A in April 2021.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Apr 2021 | Series A | $3.4M | $16.1M |
| Nov 2019 | Seed | $899.5K | – |
| Total raised | $4.3M |
Ignite Procurement competitors
Ignite Procurement competes most directly with Procurify, PurchaseControl.com and Coupa.
| Company | Revenue | Funding | Employees | Founded |
|---|---|---|---|---|
 Procurify | $55M | $83M | 180 | 2013 |
| Ignite Procurement | $11.3M | $4.3M | 78 | 2017 |
 PurchaseControl.com | $2.9M | – | 19 | 2009 |
 Coupa | $1.3M | $302.2M | 3,447 | 2006 |
Ignite Procurement CEO, founders & employees
Sigbjørn Nome founded Ignite Procurement in 2017 and runs it as CEO. Ignite Procurement had 78 employees (December 2024, LinkedIn), up from 74 a year earlier.
- Sigbjørn NomeFounder & CEO
All 6 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 78 | |
| Oct 2024 | 74 | |
| Oct 2023 | 74 | |
| Oct 2022 | 64 | |
| Dec 2021 | 52 | |
| Apr 2021 | 49 | – |
Ignite Procurement FAQ
What is Ignite Procurement's revenue?
GetLatka estimates Ignite Procurement's revenue at about $11.3M a year (October 2024). The company hasn't published its own figure.
What is Ignite Procurement's valuation?
Investors valued Ignite Procurement at $16.1M in its April 2021 Series A.
How much funding has Ignite Procurement raised?
Ignite Procurement has raised $4.3M across two funding rounds. The latest was a $3.4M Series A in April 2021.
Is Ignite Procurement publicly traded?
No. Ignite Procurement is a private company, so its shares aren't traded on a stock exchange.
How many employees does Ignite Procurement have?
Ignite Procurement had 78 employees in December 2024, according to LinkedIn.
Who is the CEO of Ignite Procurement?
Sigbjørn Nome is the CEO of Ignite Procurement and founded the company in 2017.
Who founded Ignite Procurement?
Sigbjørn Nome founded Ignite Procurement in 2017.
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How this page is sourced
5 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Dec 23, 2024Data disclaimerReport a correctionClaim this profileRun Ignite Procurement? Join the podcast