Focal Point, an Atlanta, GA-based provider of an end-to-end enterprise procurement management platform, raised $3M in funding.
Backers included Susa Ventures, Amplo, GoPoint Ventures, Bungalow Capital and Operator Partners.
The company intends to use the funds to accelerate adoption of its platform, build enhanced software functionality and capabilities, and add industry executives to its leadership team.
Founded in 2020 by Anders Lillevik, Focal Point provides a procurement management platform that empowers enterprise Chief Procurement Officers to modernize and optimize their operations. By presenting a fully-integrated view of procurement orchestration and category management, enterprises can leverage real-time analytics to monitor productivity, track requests, manage workflows and save money, all while navigating today’s supply chain challenges. In this way, with the platform, procurement teams can maximize the value of every dollar spent, ensure the safety and security of all transactions, and enhance the customer experience. The platform integrates with legacy procurement infrastructure, ensuring maximum ROI on existing investments.