- Revenue
- $35.1M
- Customers
- 2.5K
- Year founded
- 2017
- Funding
- $41.9M
- Team size
- 124
Top 10 Strategic Sourcing Software Companies (November 2026)
As of November 2026, Latka tracks 29 strategic sourcing software companies. They have combined revenues of $149.4M and employ 8.7K people. They have raised $184.2M and serve 2.7K customers combined.
Every company below sells strategic sourcing software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.
What Strategic Sourcing Software Companies do
Strategic sourcing software is a category of procurement technology designed to enhance and optimize the sourcing process for organizations. It automates various stages of the procurement lifecycle, including spend analysis, supplier management, and contract negotiation. By centralizing sourcing activities, these platforms enable procurement teams to streamline workflows, improve supplier collaboration, and gain insights into spending patterns. The primary use cases for strategic sourcing software include managing requests for proposals (RFPs), evaluating supplier bids, and monitoring supplier performance and compliance. Key features often include spend visibility, automatic bid comparison, supplier onboarding tools, and analytics dashboards that provide actionable insights. Typical users of these solutions include procurement teams, sourcing managers, and finance departments looking to improve efficiency and reduce costs in their purchasing processes.
- Companies
- 29
- Revenue
- $149.4M
- Funding
- $184.2M
- Employees
- 8.7K
Filters
Sorting: Highest -> Lowest
Top Strategic Sourcing Software Companies by revenue
Showing 10 of 29 companies ranked by annual revenue.
Cologne, Germany
Sastrify is a Germany-based SaaS procurement platform that acts as a virtual procurement department for technology companies, helping them discover, compare, negotiate, and manage software subscriptions. The company targets businesses with 100 to a few thousand employees and prices its service as an annual tiered subscription based on the customer's total SaaS spend. Founded by Sven Lackinger and his co-founder, Sastrify hired its initial team in November 2020 and commercially launched in February 2021. Within roughly eleven months of launch, the company had grown from zero to approximately $140,000 in monthly recurring revenue across 70 customers, with an average contract value of $25,000 annually and a largest customer paying $60,000 per year. The company raised a pre-seed round of $1.3 million on a $6 million valuation in late 2020, followed by a $7 million seed round at approximately $27 million pre-money in mid-2021. HP led the seed round. With 53 employees and a rapidly expanding sales team, Sastrify was using the seed proceeds to scale across Europe and into Asia.
- Revenue
- $31.1M
- Customers
- 70
- Year founded
- 2020
- Funding
- $55.3M
- Team size
- 159
Madrid, Community of Madrid, Spain
Neurored is a trusted Salesforce Partner that is revolutionizing how businesses manage their Global Supply Chain. As an Independent Software Vendor (ISV/OEM) on the Salesforce Platform, Neurored helps businesses involved in global trade get unprecedented levels of efficiency, visibility, and connectivity. The Neurored team, known for its thought-leadership and innovative solutions, has pioneered digital technologies for over a quarter of a century and has consistently won technological innovation and disruption awards for the same. Our Supply Chain Management (SCM) & Transport Management System (TMS) software is made-to-measure and employs the latest technologies to harmonize your unique sourcing, logistics, & selling operations. FOLLOW US: YouTube: https://www.youtube.com/channel/UCN8P0upctFhxyUyro1Y1ZFA Facebook: https://www.facebook.com/pg/NeuroredSCM Twitter: https://twitter.com/NeuroredSCM Google+: https://plus.google.com/111614727679881533305 APPEXCHANGE LISTING: https://appexchange.salesforce.com/appxListingDetail?listingId=a0N30000003InanEAC LET'S CONNECT: [email protected] For more information about our services, please visit our website.
- Revenue
- $11.3M
- Year founded
- 2011
- Team size
- 103
- Revenue
- $11.1M
- Year founded
- 2012
- Funding
- $41.5M
- Team size
- 135
Milwaukee, Wisconsin, United States
Part Analytics, AI-powered strategic sourcing solution
- Revenue
- $5.9M
- Year founded
- 2018
- Funding
- $4M
- Team size
- 24
United States
Operator of a production hub platform designed to simplify the process of supply chain. The company's platform utilizes data analytics to reinvent supply chain processes and eliminate the overcharge for factory utilization, enabling suppliers and manufacturers to manage, oversee production, and track in-depth product data from procurement to delivery of inbound goods.
- Revenue
- $5.8M
- Year founded
- 2017
- Funding
- $26.8M
- Team size
- 30
New York, New York, United States
A leading provider of procurement solutions for enterprise and mid-sized customers.
- Revenue
- $5.7M
- Year founded
- 1988
- Team size
- 7.8K
Zurich, Switzerland
Archlet is a B2B SaaS application empowering company buyers to make faster and more informed decisions in strategic sourcing.
- Revenue
- $5.4M
- Year founded
- 2019
- Funding
- $12.8M
- Team size
- 32
United States
Virtualstock enables organisations to thrive using our innovative supply chain and procurement solutions. Comprising three platforms—Virtualstock, Framespan, and Edge4Health—our market-leading technology solutions are employed by renowned retailers and the UK's public sector alike. We take pride in our boutique approach, our ability to design and implement bespoke solutions, and our commitment to continuously improving our platforms to better serve our clients. Trusted by: John Lewis, Robert Dyas, Toolstation, Bradfords Building Merchants, the Crown Commercial Service, NHS England and more.
- Revenue
- $4.2M
- Year founded
- 2004
- Team size
- 38
San Francisco, California, United States
Valdera is a digital sourcing platform for the procurement of chemicals and raw materials across various industries, utilizing artificial intelligence (AI) and machine learning to enhance the sourcing process.
- Revenue
- $4M
- Year founded
- 2020
- Team size
- 37
Frequently asked questions about Strategic Sourcing Software Companies
How many strategic sourcing software companies are there?
Latka tracks 29 strategic sourcing software companies with reported revenue. Together they generate $149.4M in annual revenue and employ 8.7K people.
Which strategic sourcing software company is the largest?
Fairmarkit is the largest, with $35.1M in annual revenue, founded in 2017.
How much revenue does a typical strategic sourcing software company make?
The average strategic sourcing software company in this list makes $5.2M a year, across 29 companies with reported revenue. They serve 2.7K customers combined.
Who are the leading Strategic Sourcing software vendors?
Ranked by annual revenue, the leaders are Fairmarkit, Sastrify, Neurored TMS & SCM, Keelvar and Part Analytics.
How much funding have strategic sourcing software companies raised?
The 29 strategic sourcing software companies tracked here have raised $184.2M in disclosed funding between them.
Related ERP Software categories
Inclusion Criteria
- The software must provide tools for spend analysis to identify cost-saving opportunities. - It should facilitate supplier management for tracking performance and compliance. - Must support the creation and management of RFPs and bids. - The solution should automate workflows to streamline sourcing activities. - Not just a procurement solution; it must include features specifically designed for strategic sourcing processes.