Beroe, a leader in insightful procurement decision intelligence, has completed a $34 million funding round. This funding was achieved through a dilution of a minority stake in the company, supported by a diverse group of investors. Key participants in this funding round included the Relativity Resilience Fund, which operates as the Private Equity platform of the Trust Group, as well as notable individual investors Mukul Agrawal and Ashish Kacholia. Additional investment was from Lashit Sanghvi and the Alchemy Long Term Ventures Fund, collectively demonstrating strong confidence in Beroe’s vision and capabilities.
The new funding will be used for strategic deployment, with a primary focus on enhancing and expanding the intricate insights layer within Beroe’s comprehensive procurement intelligence stack. This expansion will be achieved through a dual approach: significant product development efforts aimed at innovating and refining existing offerings, as well as inorganic growth, which includes strategic acquisitions.
These initiatives are designed to strengthen Beroe’s capacity to empower procurement managers worldwide with even more sophisticated and actionable intelligence, enabling them to make informed decisions and optimize their operations.
Beroe already boasts a robust intelligence layer that consistently delivers measurable outcomes to a vast and distinguished clientele. The company currently serves more than 1,000 global enterprise customers, a remarkable figure that includes over 300 of the highly influential Fortune 500 companies. This extensive client base underscores Beroe’s established reputation and its ability to provide value to some of the world’s largest organizations.
In a testament to its commitment to continuous growth and innovation, Beroe recently made two significant acquisitions earlier this year. In September 2025, the company announced the acquisition of Forestreet, a premier provider specializing in solutions for supplier and innovation scouting, thereby enhancing its capabilities in identifying emerging trends and potential partners.
This was preceded by the acquisition of nnamu in March 2025, which introduced the world’s first autonomous negotiation solution powered by game theory, further extending Beroe’s technological edge and offering new tools for efficient and effective procurement. These strategic moves underscore Beroe’s proactive approach to consolidating its position as a leader in the evolving landscape of procurement decision intelligence.
Advisor: InCred Capital acted as the exclusive financial advisor to Beroe on this fundraising.
KEY QUOTES:
“We are thrilled to welcome such a distinguished group of investors who share our vision of transforming the procurement landscape. This funding will be instrumental in accelerating our product development and solidifying Beroe’s position as the decision workbench for procurement professionals worldwide.”
Vel Dhinagaravel, Founder & CEO at Beroe
“Beroe has built a differentiated and scalable procurement intelligence ecosystem that is redefining how global enterprises approach sourcing. The successful raise of $34m, backed by marquee investors, is a strong validation of its vision and execution. We are proud to have partnered with Beroe on this milestone transaction and look forward to its continued global expansion.”
Ramprasad Mathrubutham, Co-head, Investment Banking, InCred Capital
“ProcureTech SaaS is one of most exciting spaces in enterprise technology, with AI-driven innovations helping global procurement teams drive value for their organizations. Beroe has established itself at the center of this momentum and we are looking forward to partnering with Vel and the Beroe team on their journey at the forefront of these developments.”
Vishesh Dalal, Partner, Relativity Resilience Fund
“In today’s volatile global economy procurement is a mission-critical function. Beroe’s intelligence-driven platform helps global enterprises anticipate change and respond strategically. Its solutions are the choice of procurement leaders around the world and we are excited to continue to support its growth.”
Ashish Kacholia
“Beroe has a history of challenging legacy approaches to market intelligence through cutting-edge technology and its recent acquisitions and product innovation show a clear vision for the future of procurement. We are excited to help accelerate this momentum in building the next generation of AI-led tools.”
Mukul Agrawal
“The future of procurement isn’t about standalone tools, but about connected ecosystems. Beroe’s interoperability across multiple platforms has put them at the forefront of this transformation. We have recognized significant potential in its ability to lead the industry forward and are thrilled to be playing a part in building the future of procurement.”
Lashit Sanghvi
