Elevatry has raised $3.4M in pre-seed funding to go after the 80% of suppliers that procurement teams never get around to managing.
The company sells an AI platform for strategic procurement, built around what it calls Companions - a Category Strategist, Negotiation Coach and Risk & Integrity Manager - that handle sourcing, negotiating and risk work across the strategy-to-contract process. Elevatry's pitch is that the gap isn't talent but capacity: even strong teams actively manage only about 20% of their suppliers, while the rest runs along untouched. The platform is built on 25 years of procurement practice and more than 5,000 projects with H&Z Management Consulting.
