What is Sievo?
Established in 2003 and headquartered in Helsinki, Finland, with USA headquarters in Chicago, Illinois, Sievo specializes in transforming raw procurement data into actionable business value. As the global leader in procurement analytics, Sievo offers a suite of SaaS solutions including Spend Analysis, Savings Lifecycle, Spend Forecasting, and Contract Management. The company excels at processing heterogeneous procurement data from diverse sources, delivering tangible bottom-line impact for its clients. Sievo's core competency lies in its ability to combine best-of-breed software, world-class services, and value-added content to provide comprehensive spend management insights.
How much funding has Sievo raised?
Sievo has raised a total of $44.1M across 2 funding rounds:
Debt
$150K
Other Financing Round
$44M
Debt (2020): $150K with participation from PPP
Other Financing Round (2022): $44M led by Susquehanna Growth Equity
Key Investors in Sievo
Susquehanna Growth Equity
Susquehanna Growth Equity is a growth equity fund established in 2006, focusing on investments in software, SaaS, data, internet, healthcare technology, and financial technology. The firm is headquartered in Bala Cynwyd, Pennsylvania.
What's next for Sievo?
The recent major strategic investment signifies a pivotal moment for Sievo, positioning the company for accelerated growth and market penetration. This capital infusion is anticipated to fuel further development of its advanced procurement analytics platform, potentially expanding its service offerings and enhancing its technological capabilities. Sievo is likely to leverage this strategic backing to solidify its global leadership, deepen customer relationships, and explore new market opportunities within the enterprise procurement analytics sector. The company's focus on data transformation and value realization suggests a continued emphasis on driving measurable financial outcomes for its clients.
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