ProcurePro, a Brisbane, Australia-based technology startup that provides an end-to-end construction procurement platform, has secured $11 million in a funding round.
Investors
The round was led by QIC Ventures, with participation from existing investors Airtree and Glitch Capital, alongside Bouygues through its VC fund managed by ISAI.
QIC Ventures is the venture capital arm of Australia’s Queensland Investment Corporation (QIC), a government-owned institutional investment manager headquartered in Brisbane. With A$130 billion in assets under management, the fund invests on behalf of institutional clients, including Brighter Super, one of Queensland’s leading industry superannuation funds. QIC Ventures focuses on investing in innovative Australian startups from pre-seed through Series C and growth stages across sectors such as technology, aerospace, health, and enterprise software.
ProcurePro Use of Funds
The company will use the funds to enhance its construction-focused AI product suite, support expansion across the United Kingdom, the Middle East, and North America, and grow its global workforce.
About ProcurePro
Led by CEO Alastair Blenkin, ProcurePro is a software company that provides an end-to-end procurement platform tailored for the construction industry. Its platform centralizes procurement workflows, including scheduling, tendering, bid analysis, and subcontracting, to improve visibility and reduce operational inefficiencies in construction projects. ProcurePro has been deployed across more than 6,000 construction projects globally. Founded in Brisbane, Australia, the company now operates across the UK, Ireland, the Middle East, and ANZ, with active expansion into North America.
Funding Details
Company: ProcurePro
Raised: $11.0M
Round: Growth
Funding Date: May 2026
Lead Investor: QIC Ventures
Additional Investors: Airtree, Glitch Capital, Bouygues (via ISAI)
Company Website: https://procurepro.co/
Software Category: Construction Procurement Software / AI ConstructionTech
Source: https://www.prnewswire.com/ae/news-releases/procurepro-raises-11m-to-deliver-ai-powered-procurement-control-for-constructions-13-trillion-supply-chain-302766978.html