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Simfoni

company

About

Simfoni provides spend analytics and spend automation products to leading global enterprises.

Highlights

Total Funding Amount
$18M
Funding Rounds
2
Investors
2
Investments
3
Acquisition
2
Employee Profiles
7

Details

Last Funding Type
Series A
Last Funding Money Raised
$3M
Industries
Analytics,Artificial Intelligence,Big Data,Internet,Machine Learning,Predictive Analytics,Procurement,Software
Founded date
Aug 26, 2015
Number Of Employee
51 - 100
Operating Status
Active
Legal Name
Simfoni Limited

Simfoni is a digital solutions provider of spend analytics and spend automation products for leading global enterprises. Products deploy machine learning and artificial intelligence to accelerate and automate key aspects of the procurement process, saving customers both time and money in the process. Operating from offices in USA, Europe, Middle East and Australia, Simfoni works ‘in harmony’ with its customers and their vendor community to improve vendor diversity and other CSR objectives.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$18M
Simfoni has raised a total of $18M in funding over 2 rounds. Their latest funding was raised on Jul 22, 2021 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jul 22, 2021 Series B $15M 1 PeakSpan Capital — Detail
Jan 23, 2020 Series A $3M 1 BOOST&Co — Detail

Investments

Number of Investments
Number of Lead Investments
3
0
Simfoni has made 3 investments. Their most recent investment was on Mar 23, 2022, when prePO raised $2.10M.
Date Company Name
Round Money Raised Industry Lead Investor
Mar 23, 2022 prePO
Seed $2.10M Blockchain —
Feb 23, 2022 Bware Labs
Series A $6M Blockchain —
Sep 29, 2021 Talisman
Seed $2.35M Cryptocurrency —

Investors

Number of Lead Investors
Number of Investors
2
2
Simfoni is funded by 2 investors. PeakSpan Capital and BOOST&Co are the most recent investors.
Investor Name Lead Investor Funding Round
PeakSpan Capital Yes Series B
BOOST&Co Yes Series A

Employee Profiles

Number of Employee Profiles
7
Simfoni has 7 current employee profiles, including Board member Jack Freeman
Jack Freeman
Board member
Greg Silich
Executive
Jason Stern
Executive
Herb Cunitz
Board member
Chirag Shah
Executive
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Acquisition

Simfoni has acquired 2 organizations. Their most recent acquisition was EC Sourcing Group on Jan 9, 2022. They acquired EC Sourcing Group for 0.

Date Company Name
Industry Acquisition Type Price
Jan 9, 2022 EC Sourcing Group
Computer acquisition — Detail
Nov 28, 2022 Xeeva
Artificial Intelligence acquisition — Detail
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