Tech Company Financing Transactions

Arkestro Funding Round

On 6/14/2022, Arkestro raised $26 million in Series A investment from Construct Capital, Four More Capital and Koch Disruptive Technologies.

Transaction Overview

Company Name
Announced On
6/14/2022
Transaction Type
Venture Equity
Amount
$26,000,000
Round
Series A
Proceeds Purpose
This fresh funding will be used to accelerate growth, enabling Arkestro to further help customers amplify the impact of procurement's influence across their enterprises using behavioral science, game theory and predictive machine learning models applied at a massive scale.

Company Information

Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
60 29th St. 148
San Francisco, CA 94110
USA
Email Address
Overview
The idea for Arkestro arose out of a basic frustration with the amount of time and effort it takes most teams to collect and compare quotes from suppliers. Our founder Edmund was working as a procurement consultant and saw how much time his sourcing teams spent building Excel pivot tables. Regardless of the software, the problem was the same: a category expert was needed to identify potential errors in supplier submissions before an award scenario could be properly evaluated. There must be a better way, Edmund thought.
Profile
Arkestro LinkedIn Company Profile
Social Media
Arkestro Company Twitter Account
Company News
Arkestro News
Facebook
Arkestro on Facebook
YouTube
Arkestro on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Edmund Zagorin
  Edmund Zagorin LinkedIn Profile  Edmund Zagorin Twitter Account  Edmund Zagorin News  Edmund Zagorin on Facebook
Chief Financial Officer
Marty Meyer
  Marty Meyer LinkedIn Profile  Marty Meyer Twitter Account  Marty Meyer News  Marty Meyer on Facebook
Chief Operating Officer
Neil Lustig
  Neil Lustig LinkedIn Profile  Neil Lustig Twitter Account  Neil Lustig News  Neil Lustig on Facebook
Chief Technical Officer
Ben Leiken
  Ben Leiken LinkedIn Profile  Ben Leiken Twitter Account  Ben Leiken News  Ben Leiken on Facebook
Founder
Rob DeSantis
  Rob DeSantis LinkedIn Profile  Rob DeSantis Twitter Account  Rob DeSantis News  Rob DeSantis on Facebook


 

 

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Prev: 6/14/2022: Zitadel venture capital transaction
Next: 6/14/2022: Able Innovations venture capital transaction

 

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