Forum Ventures

ProcureSpark is a technology company that specializes in AI-driven solutions for managing and responding to procurement requests, such as RFPs, RFIs, and security questionnaires. Their platform uses generative AI to automatically extract and answer questions, analyze requirements, and provide insights to support decision-making. It also offers features like auto-import, controlled reference material, and encryption for secure content management.

Medreddie is a company that specializes in streamlining clinical procurement and market research within the healthcare sector. It has developed a medical procurement platform that aims to expedite the procurement process for healthcare equipment. Utilizing artificial intelligence, Medreddie's platform surveys the competitive landscape, provides access to fair request for proposal questions, and facilitates meaningful engagement with vendors and peers. This innovative approach enables hospitals to acquire essential equipment more efficiently, ultimately enhancing patient outcomes.

Go from CAD to RFQ in seconds. Fasttrack supplier discovery: Suppliers go through vetting process designed and overseen by industry experts Insanely fast RFx creation: RFx builder enables rapid deployment of RFx's to multiple suppliers Negotiate with confidence: Compare quotes, model should-costs and better understand your contracts with ZentroGPT

Arkestro is a technology company specializing in predictive procurement software designed to enhance savings and supply chain performance for businesses. Their platform pre-embeds preferred outcomes into any system or process, allowing companies to orchestrate activities across various systems using instant forecasts and real-time collaboration. By leveraging artificial intelligence, Arkestro's cloud-based automated negotiation software optimizes procurement savings and increases vendor participation, leading to significant cost reductions in managed services and raw materials solicitations.

VendorPM is a software company that specializes in vendor management and procurement solutions for the property management industry. Founded in 2019 and headquartered in Toronto, Ontario, VendorPM connects property managers with a network of reputable vendors, facilitating vendor sourcing, management, and compliance for various building services. The company's innovative ranking algorithm ensures that the top vendors listed are not only qualified but also available to undertake the necessary work. By streamlining the process of connecting property managers with vendors, VendorPM enhances efficiency in fulfilling building service contracts of all sizes and scopes, while also enabling vendors to effectively market their services.

CoProcure, Inc. operates a cooperative purchasing platform designed to assist local governments in finding and utilizing shared purchasing contracts. Established in 2018 and based in San Francisco, CoProcure addresses the information gap in public purchasing, where local U.S. governments spend approximately $1.5 trillion annually. By enabling government buyers to access a marketplace of competitively bid contracts from various local agencies and cooperatives, CoProcure streamlines the procurement process, which traditionally involves lengthy competitive bidding. This platform allows government employees to save time and taxpayer money by reusing existing contracts instead of initiating new ones. CoProcure does not engage in direct sales to governments, thereby simplifying the procurement process for both government buyers and suppliers.

CoProcure, Inc. operates a cooperative purchasing platform designed to assist local governments in finding and utilizing shared purchasing contracts. Established in 2018 and based in San Francisco, CoProcure addresses the information gap in public purchasing, where local U.S. governments spend approximately $1.5 trillion annually. By enabling government buyers to access a marketplace of competitively bid contracts from various local agencies and cooperatives, CoProcure streamlines the procurement process, which traditionally involves lengthy competitive bidding. This platform allows government employees to save time and taxpayer money by reusing existing contracts instead of initiating new ones. CoProcure does not engage in direct sales to governments, thereby simplifying the procurement process for both government buyers and suppliers.

Arkestro is a technology company specializing in predictive procurement software designed to enhance savings and supply chain performance for businesses. Their platform pre-embeds preferred outcomes into any system or process, allowing companies to orchestrate activities across various systems using instant forecasts and real-time collaboration. By leveraging artificial intelligence, Arkestro's cloud-based automated negotiation software optimizes procurement savings and increases vendor participation, leading to significant cost reductions in managed services and raw materials solicitations.

Bundle Inc operates a web platform designed for industrial buyers to streamline the management of inventory and supplies. Founded in 2017 and based in San Francisco, California, the platform enables users to monitor their inventory in real-time and place orders as needed, all from a single portal accessible via web or mobile application. This integrated approach simplifies the procurement process for businesses, enhancing efficiency and organization in supply management.

ZenPurchase, Inc. is a San Francisco-based company that offers a collaborative B2B purchasing platform designed for large organizations, particularly procurement departments within Fortune 1000 enterprises. The platform aims to modernize the procurement process by facilitating efficient management of supplier relationships, from the initial request for proposal (RFP) to supplier onboarding and performance management. Unlike traditional procurement software solutions, which can be cumbersome and costly to implement, ZenPurchase provides a cloud-based, agile alternative that is responsive to the specific needs of its clients. The company's innovative approach enhances visibility and engagement in the RFP process, accelerates procurement operations, and simplifies supplier interactions, ultimately driving more effective purchasing strategies. As of early 2015, ZenPurchase operates as a subsidiary of Coupa Software Incorporated.