What is JAGGAER?
JAGGAER, formerly known as SciQuest, is a specialized provider of cloud-based business automation solutions focused on spend management. Headquartered in Morrisville, North Carolina, the company was established in 1995. It offers a comprehensive suite of tools designed to streamline procurement processes, enhance supply chain visibility, and drive cost savings for enterprises. JAGGAER's platform addresses the complexities of modern business spending, enabling organizations to achieve greater efficiency and strategic control over their expenditures.
How much funding has JAGGAER raised?
JAGGAER has raised a total of $76.3M across 4 funding rounds:
Private Equity
$7.1M
Private Equity
$2M
Private Equity
$17.2M
Debt
$50M
Private Equity (2011): $7.1M, investors not publicly disclosed
Private Equity (2012): $2M, investors not publicly disclosed
Private Equity (2013): $17.2M, investors not publicly disclosed
Debt (2022): $50M featuring Golub Capital
Key Investors in JAGGAER
Golub Capital
Golub Capital is a leading credit investment firm that provides financing solutions. Their participation in JAGGAER's funding round suggests a focus on supporting established companies with robust business models in the enterprise software space.
What's next for JAGGAER?
The recent major strategic investment in JAGGAER signals a strong confidence from its backers in the company's future trajectory and its capacity for further expansion. This capital infusion is likely to fuel continued innovation in its spend management solutions, potentially enabling market share growth and the development of new enterprise-level features. The company's focus on cloud-based automation positions it well to capitalize on the ongoing digital transformation within procurement and supply chain management, suggesting a period of accelerated development and strategic partnerships.
See full JAGGAER company page
