Green Cabbage, a leader in the field of procurement intelligence, has recently announced a substantial $40 million Series B investment led by Sageview Capital.
This funding round is expected to drive the company’s international expansion efforts and to support the ongoing development of its sophisticated multi-channel spend cubes. And these cubes are designed to provide deeper insights into procurement practices, ultimately furthering Green Cabbage’s mission to transform the field of procurement intelligence.
The data governed by Green Cabbage’s proprietary and secure platform enables users to conduct detailed comparisons at the Micro-SKU level, which involves analyzing products down to their smallest unique identifiers. This level of granularity is crucial for companies looking to optimize their procurement processes. The platform offers valuable insights into commercial and legal terms, allowing clients to make well-informed decisions when negotiating supplier agreements.
Green Cabbage has empowered a variety of clients, including private equity firms, consulting companies, and B2B enterprises across the globe, to achieve significant savings—typically ranging from 15% to 30%—on their supplier agreements.
Their team has expertise in several key areas, including pricing strategies, licensing negotiations, legal intelligence, and training. By leveraging this expertise, Green Cabbage enables its clients to secure the best possible prices and favorable agreements, while also enhancing their overall procurement processes for greater efficiency and effectiveness.
KEY QUOTES:
“We’re honored to welcome Sageview Capital as a partner in our growth journey. The trust we’ve earned from some of the world’s largest enterprises by delivering billions in savings across Technology, Third-Party Labor, Marketing, and Travel & Expense has validated our model. With Sageview’s support and global network, we’re expanding the depth of our spend categories and extending our solutions from large enterprises to mid-market organizations worldwide.”
“We’ve been fortunate to align with the right partners at the right time, and we couldn’t be more excited to have Sageview join us. Our clients have been asking for deeper insights through a multi-channel spend cube platform, and we are delivering. We’ve also built a world-class leadership team across the globe, and our clients’ results speak for themselves.”
Eric Cunningham, CEO and Founder of Green Cabbage
“We’ve been following Green Cabbage for over a year and are impressed with their vision, product momentum, and consistent execution. With annual growth more than 100% and an exciting technology roadmap, it’s clear they are bringing unmatched innovation to procurement & finance. The combination of strong customer ties across private equity, consulting, and global enterprises, plus an experienced and energized leadership team, positions Green Cabbage for long-term, sustainable success. We are excited to partner with Eric and the entire Green Cabbage team to support their growth journey.”
Jeff Klemens, Partner at Sageview Capital
