ProcurePro raises $15M to bring AI-powered procurement to construction

What's the deal? ProcurePro, a construction procurement software company, has raised $15M to expand its AI-powered platform globally. The startup's tool, BidLevel AI, is designed to streamline how construction firms manage procurement — from sourcing subcontractors to handling contracts.

Why now? Construction remains one of the least digitised major industries, and procurement is a persistent pain point. As AI tools mature and construction firms face pressure to cut costs and speed up timelines, demand for purpose-built software in this space is growing.

The signal: Classified as a "breakout" company on Dealroom, ProcurePro'US$11M raise underscores growing investor appetite for vertical SaaS plays that tackle specific, high-friction workflows in traditionally analogue industries. With construction procurement still largely managed through spreadsheets and emails, the startup is betting that owning this niche globally will compound its advantage as the sector's digital transformation accelerates.

Read more: procurepro.co