Focal Point Raises $3 Million in Funding Round to Transform Procurement Orchestration for Enterprise Customers

Investment will expand product, team, sales and marketing efforts

ATLANTAJune 30, 2022 /PRNewswire-PRWeb/ — Focal Point, provider of an end-to-end enterprise procurement management platform, announced the completion of a $3 million Seed round. Participating investors include Susa Ventures, Amplo, GoPoint Ventures, Bungalow Capital and Operator Partners. The investment will enable Focal Point to accelerate adoption of its platform, build enhanced software functionality and capabilities, add industry executives to its leadership team and modernize and optimize corporate procurement departments and operations at the enterprise level.

According to Research and Markets, the worldwide procurement analytics industry is expected to reach $8 billion by 2026. Traditionally, procurement performance has been measured purely by cost savings and misses the broader strategic contribution and value that procurement brings to the bottom line. Analytics, and more importantly, a unified view of data, is allowing procurement departments to shift from a tactical cost center to a strategic and dynamic driver of ROI.

This is truly a software solution that was built by a Chief Procurement Officer for Chief Procurement Officers.

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About Focal Point
Focal Point empowers enterprise Chief Procurement Officers to fully modernize and optimize their operations. With Focal Point’s end-to-end procurement management platform, procurement teams can maximize the value of every dollar spent, ensure the safety and security of all transactions, and ultimately enhance the customer experience. Focal Point’s platform integrates seamlessly with legacy procurement infrastructure, ensuring maximum ROI on existing investments. Global brands manage their procurement with Focal Point. The company was founded in 2020 and is headquartered in Atlanta. For more information, please visit https://www.getfocalpoint.com/ or email info@getfocalpoint.com.

Media Contact

Peter Moran, Indicate Media, (347) 880-2895, peter@indicatemedia.com, indicatemedia.com

SOURCE Focal Point

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