Ormigga S.A.S

Ormigga S. A. S is a Colombian company specializing in advanced digital solutions for optimizing procurement processes, budget management, and supplier contracts for businesses. Founded in 2016 and headquartered in Bogota, Colombia, Ormigga provides a robust procurement software platform that aids small to medium-sized enterprises in managing purchasing operations.

The company's CEO, Gerardo Solano, leads the firm, which successfully completed a Seed funding round in June 2018, raising USD 150,000 from Quake Capital Partners, bringing the total amount raised to USD 150,000. Ormigga has only been involved in one deal to date, with the most recent transaction taking place in June 2018. Ormigga offers a comprehensive procurement software platform that enables businesses to enhance their purchasing efficiency. Clients can save time by up to 91% and lower costs by more than 20% through improved negotiation capabilities.

The platform connects businesses with suppliers, facilitating competitive bids and better management of financial commitments, primarily catering to small and medium-sized enterprises across Colombia and targeting expansion into other Latin American markets. Ormigga's revenue model is based on a subscription structure for its procurement software. Clients start with a free 30-day trial before transitioning to various pricing plans tailored to their needs. These plans accommodate different business sizes and complexities, facilitating direct B2B interactions for effective procurement management.

Looking ahead, Ormigga aims to develop new features and expand its product offerings to enhance the procurement experience for users. The company is focused on entering other Latin American markets by 2025. The recent Seed funding of USD 150,000 will support these initiatives, allowing for enhanced product development and market entry strategies.