LUPR Inc.
Summary
Key supplier data is siloed in procurement suite modules, spreadsheets, and email inboxes making it impossible for Buyers to respond nimbly to today's supply chain challenges. LUPR is disrupting the current "All-in-One Suite” model prevalent in Enterprise Procurement with our LUPR+Force.com ecosystem approach. Buyers get real-time supplier performance data, savings pipeline visibility, and risk management automation.
Product
Salesforce platform adapted for the Buyer, and enhanced with processes and objects to manage supplier performance, risk, and savings in real-time.
Contact
Locations
East Rutherford, NJ, Palo Alto, CA, Tel Aviv, Israel
Headquarter: East Rutherford, NJ
Year Founded
2017
Industry
Technology - Software
Business Model
Enterprise SaaS subscription model
Management Team
Founders pioneered eSourcing software while at FreeMarkets-Ariba and have over 15 years of Salesforce CRM consulting experience.
Employees
9
Geographic Focus
North America and Europe (as of Q4, 2021)
Competitive Advantage
Supplier relationship management built on Salesforce that enables a secure, reliable and scalable solution
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Company-wide analytics, of suppliers in real-time
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Supplier & stakeholder collaboration
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Seamless integration with legacy systems
Market Size
Procurement software market is valued at $6 billion and growing at 9.5% annually
Target Customer
CFO’s & Procurement leaders at medium to large size manufacturing companies
Competitors
SAP/Ariba, Oracle, Jaggaer, iValua, Coupa, and Zycus
Customers
CF Industries, Holcim
Revenue (MRR)
$15,000 MRR (projected Q1, 2022)
Funding Sought
$3.0M Series A
Previous Financing
No
Funding Purpose
Sales and marketing acceleration, product expansion and enrichment