ProcurePro
“Can a purpose-built procurement platform for head contractors control the 70-80% of construction margin risk that is locked in before contracts are signed?”
Founded2020
HQBrisbane, Queensland, Australia
FoundersAlastair Blenkin, Tim Rogers, Tom Newby, Nathan Denchman, Jesse Dymond
Total raised~A$23.75M
Latest round$15M (2026)
IndustryVertical SaaS / Construction
The story
Founded 2020 in Brisbane as pure construction procurement SaaS for head contractors — digitising subcontractor tendering, scope, contracts, and eSignature. Consistent focus on the pre-contract commit stage where 70-80% of project margin risk is locked in. Recent evolution is AI-native (BidLevel, AI CoPilot, AI Pricing Library) rather than embedded-finance — the company sits above finance systems (Jobpac, Cheops) rather than moving money itself.
Product timeline
2020
Company founded in Brisbane by Alastair Blenkin to fix fragmented subcontractor procurement for head contractors· launch
2021
Launched in Australia with foundation customers Roberts Co, Kapitol Group, 2Construct and Hutchinson Builders; raised A$2.6M seed· launch
2022
Reached 50 customers across Australia & New Zealand· growth
2023
Raised A$6.15M led by AirTree Ventures and Saniel Ventures· funding
2024
Launched in UK & Ireland; co-founders relocated to London· expansion
2025
Crossed $100B in construction value procured through the platform; Middle East launch via Dubai Royal Family partnership· expansion
2026
Raised $15M to accelerate AI, product, and global growth; launched BidLevel AI bid levelling tool· funding
The stack
1 layer disclosed in ProcurePro’s embedded-finance stack
Accounting
Viewpoint JobpacCheopsProcoreAconexDocuSignProcurePro eSignMicrosoft EntraMicrosoft OnlinePowerBIAustralian Business RegisterNew Zealand Business RegisterCompanies House (UK)
Accounting gap: minor