Ignite Procurement AS

Based in Oslo, Norway, and founded in 2017 by its CEO Sigbjørn Nome, and CRO Børge Langedal, Ignite Procurement AS operates as a technology company that provides a spend management solution for mid-market and large enterprises to help them control costs while keeping their supplier base sustainable and compliant. In June 2022, Ignite Procurement AS raised USD 7. 1 million in series A funding led by returning investor Arkwright X AS, with participation from another Returning investor Investinor. As of March 2023, the company has a team of more than 50 employees serving more than 80 customers and managing USD100 billion spend.

Ignite Procurement AS offers a comprehensive suite of procurement solutions, including data management, procurement analytics, carbon accounting, contract management, and supplier management. It also offers readily configurable dashboards, one-click filters, and no-code analytics that streamline the analysis and visualization of data. Ignite's open ecosystem of 3rd-party partners further extends the capabilities, and provides control, and agility across all aspects of spend. In addition, Ignite Procurement offers optional third-party data add-ons such as Supplier Metadata with Infobel, Nordic Financials with Enin, and Global Currencies with Fixer.

Ignite Procurement AS offers plans designed to fit the needs of different-sized teams, such as basic, advanced, professional, and enterprise plans. Each plan offers different features such as the number of users, data repositories, and customer support.