After Covid ended his previous startup, our alumnus, Nathan Denchman (2011-2013), co-founded ProcurePro.
ProcurePro software streamlines builder to subcontractor processes, delivering control over procurement before commitments are made.
As a result, contractors are afforded increased visibility, control, and certainty prior to contract signings. Traditionally, these processes may take months, but with ProcurePro they’re now achievable in less than a day.
Nathan is already a 2025 QLD 40 Under 40. Now, the company he helped found has closed a $15 million funding round led by QIC Ventures, rocketing ProcurePro to a valuation north of $100 million.
From a Brisbane-founded company to a world-class team with over 100 employees globally, Nathan & the team at ProcurePro have deployed on more than 6,000 construction projects globally. They’ve represented $130 billion+ in construction value, and over 200,000 trade packages processed.
The increase in funding supports continued investment, including a forecast of 100 employment opportunities within the next 24 months across the UK, North American, ANZ, and the Middle East. They also expect to establish their first US presence.
This is an outstanding achievement and a testament to what determination, adaptability, and ambition can achieve.
Congratulations, Nathan! We are proud to see on our own at the centre of such a global success.
You may read more about this fantastic achievement here.
Have your own success story, or want to strengthen your connection with Union College?