Purchasing Platform operates a proprietary B2B marketplace and spend-management platform that aggregates millions of industry-relevant products from more than 50 leading vendors at negotiated prices. The platform serves an aggregate demand from more than 2,000 manufactured housing communities across the U.S., and in Q3 2019 added approximately 500 communities. Its product offers include standardized portfolio-driven products, customizable spend-approval workflows, detailed spend analytics, and multi-tiered order and customer support that reduce time spent offsite and streamline vendor payments. The company reports productivity improvements for property maintenance teams by cutting travel to stores and consolidating procurement channels. Purchasing Platform has experienced rapid growth—363% three-year growth—and was named to the Inc. 5000 list in August 2019. The business plans to broaden its footprint into adjacent sectors (multifamily, student housing, single family, senior living, self-storage, and other commercial real estate) and to expand technology development and hiring across customer success, merchandising, account management, marketing, and tactical buying. Purchasing Platform operates a membership-based ecommerce application that aggregates the buying power of real estate operators to centralize purchasing for property managers and corporate staff. The platform will offer a wide array of products at competitive prices, customized approval routing, and detailed spend reports. The company raised capital to complete development of its ecommerce platform and to fund startup operations. Proceeds will also support business development, client support, and the build-out of procurement teams as the company integrates its first group of clients. The team added ecommerce operations veteran Brad Kreutz as chief operating officer. Founder and CEO Peter Hepner brings more than fifteen years of commercial real estate experience, including leading asset management for a $3 billion real estate investment company, which informed the product vision.

Total raised

$4M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2019