UK – Contingent, a London, UK-based Supplier Insight platform that facilitate procurement processes easy for the whole business, completed an $8.2m funding round.
The round was led by Octopus Ventures, with participation from Connect Ventures, Concentric, Seedcamp, Ascension, and Working Capital Innovation Fund. The company intends to use the funds to continue to expand operations and its business reach, as well as its product development reach. Co-founded by Tai Alegebe and Rajpal Wilkhu, Contingent provides a SaaS procurement management platform that features a lightweight and proactive real-time insights tool that fits into an organization’s existing procurement workflow, enabling companies to make the right choices and partner more closely with the wider business. Today, the platform covers a wide range of insight domains to meet procurement, third party risk and regulatory requirements around financial stability, ownership, legal, compliance, quality, cyber, and ESG (Environmental, Social & Governance).The company’s global customer base includes Monzo, Seagate, Huel, Barratt Developments plc, and HM Government among many others. 16/03/2022
