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ProcurePro

Category: AI in Supply Chain / Logistics

AI-powered construction procurement platform for main contractors, digitising the full subcontractor procurement lifecycle. ProcurePro was founded in 2020. The company is led by Alastair Blenkin. Based in Brisbane, Queensland, Australia. Team size: 51-200. Total funding raised: $19.75M. Latest round: Series B. Key investors include QIC Ventures; Bouygues (via ISAI); AirTree Ventures; Glitch Capital; Saniel Ventures; Geoff Tarrant (Payapps co-founder).

Founded
2020
Headquarters
Brisbane, Queensland, Australia
Team size
51-200
Total funding
$19.75M

Value proposition

ProcurePro centralises subcontractor procurement for main contractors — replacing fragmented spreadsheets, emails, and Word documents with one end-to-end platform that gives control of spend, risk, and margins before contracts are signed.

Products and solutions

Procurement Schedule; Scope of Works Library; Tenders & Price Breakdowns; Compare & Recommend; Contracts & eSignature; Vendor Management; Lessons Learnt; Data & Analytics; AI CoPilot; AI Pricing Library; AI Estimating Handover; BidLevel (AI bid levelling tool)

Unique value

Purpose-built for subcontractor procurement at the point where 80-90% of project costs are committed; replaces 20+ fragmented manual processes with a single controlled platform; AI roadmap leverages real-world procurement data from 6,000+ projects for cost estimation and pricing intelligence.

Target customer

Main contractors / head contractors in commercial construction

Industries served

Commercial construction, infrastructure, residential construction

Technology advantage

Deep domain expertise built by founders with construction industry experience; rich proprietary dataset from 6,000+ projects enabling AI features (BidLevel, AI Pricing Library, AI CoPilot); integrations with Procore, Aconex, Viewpoint, Jobpac, Cheops, DocuSign, Microsoft; cloud-based SaaS with global deployment.

How they differentiate

Unlike general construction management platforms (Procore, Autodesk), ProcurePro is purpose-built specifically for subcontractor procurement — the critical upstream phase where 80-90% of project costs are locked in. It replaces 20+ fragmented manual processes with a single end-to-end procurement control centre, with AI features trained on real-world procurement data from thousands of projects.

Main competitors

Procore; Autodesk Construction Cloud; Simpro; Jobpac Connect

Key partnerships

Seed Group (The Private Office of Sheikh Saeed bin Ahmed Al Maktoum) for UAE market; Procore; Aconex; DocuSign; Microsoft; Viewpoint; Jobpac; Cheops

Notable customers

Bouygues (France); Roberts Co; Kori Construction; Purcell Construction; Mount Anvil; 2Construct; Balmain & Co; Reds10; Kapitol Group; Hutchinson Builders

Major milestones

2020: Founded in Brisbane; 2021: $2.6M Seed round, 50 customers in AU/NZ; 2024: $6.15M Series A, UK expansion; 2025: Crossed 1M admin hours saved, Deloitte Tech Fast 50, AFR Fast Starters, LinkedIn Top Startups; 2026: $15M AUD Series B at $80M+ USD valuation, Bouygues becomes customer & investor, UAE partnership with Seed Group, 6,000+ projects deployed globally

Growth metrics

Deployed across 6,000+ projects globally; $100B+ in project value powered on platform; crossed 1 million admin hours saved in 2025; planning to hire 100 people over 24 months post-Series B

Market positioning

Category-defining leader in construction procurement software; deployed across 6,000+ projects globally; offices in Brisbane, London, and Dubai; valued at $80M+ USD (Series B, May 2026); named in Deloitte Tech Fast 50 Australia, AFR Fast Starters 2025, LinkedIn Top Startups, BuiltWorlds Preconstruction Tech Top 50.

Geographic focus

Australia & New Zealand (home market), UK & Ireland, Middle East (UAE), North America (US office planned)

About Alastair Blenkin

Ex-Founder & CEO of Hyra iQ (AI-powered contract negotiation platform); Graduate Lawyer at Minter Ellison (real estate team). Bachelors of Commerce/Laws (Honours), University of Queensland.

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