Startup Pivot has raised $40 million in an oversubscribed Series B round to scale its AI-powered procurement and financial operations platform.
The round was led by Forestay Capital and Notion Capital, with participation from Greyhound, procurement sector leaders, and existing investors including Hedosophia, Visionaries Club, and Emblem. Since its launch in 2023, the company has now raised a total of $70 million.
What The Company Does
Pivot develops an AI-native platform that helps enterprises manage procurement and finance workflows in a unified system. Its software covers end-to-end processes including sourcing, purchase approvals, ordering, invoicing, payments, budgeting, expense tracking, and financial reporting.
The platform is designed to replace fragmented legacy workflows that rely heavily on spreadsheets, manual approvals, and disconnected enterprise systems. By consolidating procurement and finance operations, Pivot aims to reduce inefficiencies and improve control over corporate spending processes.
A core part of the system is its ability to provide real-time visibility into financial commitments and spending activity. The platform integrates with ERP and financial infrastructure systems, enabling procurement and finance teams to align operational decisions with live financial data across the organisation.
Pivot currently operates in more than 25 countries and processes approximately $3 billion in annual invoice volume. Its customer base includes companies such as DoorDash, Lemonade, and Flix.
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Market Context / Industry Background
Enterprise procurement and finance operations are undergoing rapid digital transformation as organisations move away from manual workflows toward integrated, software-driven systems. Many large companies still rely on fragmented tools that make it difficult to track commitments, enforce budget discipline, and maintain real-time visibility over spending.
This has increased demand for platforms that unify procurement and financial data, particularly as enterprises face pressure to improve efficiency and financial governance. The rise of AI in enterprise software is also accelerating the shift toward systems that can automate approval chains, reduce manual workload, and improve decision-making accuracy.
As companies scale globally, the complexity of procurement workflows across regions and departments further reinforces the need for centralised, AI-assisted financial infrastructure.
At the same time, organisations are increasingly prioritising interoperability between ERP systems and modern SaaS tools, aiming to reduce data silos that slow down reporting and compliance processes. Vendors in this space are also investing in predictive analytics capabilities that help finance teams anticipate cash flow risks and optimise supplier relationships more strategically over time.
As a result, procurement is evolving from a cost-control function into a strategic lever for business performance, where data-driven insights and automation play a central role in shaping purchasing decisions and long-term financial planning.
Founder / Investor Commentary
Co-founder Marc-Antoine Lacroix said enterprises are increasingly prioritising earlier visibility into spending commitments during the procurement process, rather than after transactions are completed.
He noted that Pivot’s platform is designed to address this need by embedding intelligence directly into procurement workflows, reducing manual effort while improving control over financial decisions.
According to Lacroix, the company’s use of agentic AI helps shift operational workload away from finance teams by automating repetitive processes and enabling more structured oversight of corporate spending.
Growth Plans / Use Of Funds
The new funding will support expansion of Pivot’s AI capabilities, broader enterprise adoption, and deeper integration across financial and ERP ecosystems.
The company also plans to enter additional enterprise markets and scale its platform functionality to support increasingly complex procurement and financial environments. Investment will further support product development focused on improving automation, visibility, and decision intelligence across procurement workflows.
About Pivot
Pivot is an AI-powered procurement and finance operations platform that helps enterprises manage sourcing, purchasing, payments, and financial workflows in a unified system. Founded in 2023 and headquartered in Paris, the company focuses on improving spending visibility, automating procurement processes, and enabling faster, data-driven financial decision-making across organisations.
