What are the details of the ProcurePro $15 million funding round?

ProcurePro, a Brisbane-founded construction technology platform, raised $15 million in a round led by QIC Ventures. The capital raise included participation from existing investors Airtree, Glitch Capital, and Bouygues.

How does ProcurePro solve problems for construction firms?

ProcurePro replaces fragmented, manual spreadsheets with a unified digital system that manages the entire procurement lifecycle, from scheduling to subcontracting. By centralizing commercial data, the platform provides real-time oversight that helps firms identify risks before contracts are signed.

What is ProcurePro’s current global scale and market reach?

As of mid-2026, ProcurePro has been deployed across 6,000 projects globally, representing over $120 billion in total construction value. The platform has processed more than 20,000 trade packages to date.

How will ProcurePro use the new $15 million in capital?

The company plans to allocate the funds toward two primary pillars: technical development and geographic expansion. Specifically, ProcurePro will accelerate its AI-driven product roadmap to automate trade package management and risk detection.

What does this valuation milestone mean for early investors like Airtree?

The $100 million-plus valuation represents a significant "up-round" and a validation of the investment thesis held by early backers like Airtree and Glitch Capital.

What are the primary bull and bear points for ProcurePro following this news?

The bull case centers on the platform’s massive Total Addressable Market (TAM) and its proven ability to digitize $120 billion in project value. The bear case involves the execution risk of simultaneous expansion into three major overseas markets—the UK, US, and Middle East—which have vastly different regulatory and subcontracting environments.

Tech

ProcurePro raises $15M to fuel global expansion

Written by Brie CarterPublished May. 11 2026

Brisbane-founded platform ProcurePro has announced a $15 million funding round led by QIC Ventures.

The capital injection, supported by existing heavyweights Airtree, Glitch Capital, and Bouygues, officially propels the startup’s valuation beyond the $100 million milestone.

Founded to eliminate the industry’s historic reliance on fragmented, untrustworthy spreadsheets, ProcurePro offers a unified system that manages the entire procurement lifecycle—from initial scheduling to subcontracting.

The company intends to deploy this fresh capital to accelerate its AI-driven product roadmap, focusing on streamlining complex trade packages and risk identification before contracts are finalised.

Beyond technical development, the funding provides the runway for aggressive expansion across the United Kingdom, Middle East, and North America.

The platform’s growth trajectory is underpinned by impressive scale; to date, ProcurePro has been utilised across 6,000 projects globally, representing more than $120 billion in construction value.

By digitising over 20,000 trade packages, the system provides a level of oversight that prevents the margin erosion typically caused by delayed risk detection.

“Construction firms are still managing millions in spend via out-of-date processes,” said Alastair Blenkin, CEO of ProcurePro. “We built this platform to bring structure and certainty to commercial decision-making.”