Funds for Procurement Data Firm Green Cabbage

In the US, procurement intelligence specialist Green Cabbage has announced a $40m Series B investment, which will be used to fuel its international expansion and fund the continued launch of its advanced multi-channel 'spend cubes.'

Green Cabbage has offices in North America, Europe and Asia, and provides a platform called OneWorkspace, giving clients detailed pricing comparisons at the Micro-SKU level for more than 16,000 suppliers. The company says B2B enterprises including private equity and consulting firms achieve 15-30% savings on supplier agreements using its data and expertise, which span pricing, licensing, negotiation, legal intelligence and training.

The investment follows a Series A round led by Sorenson Capital one year ago. The Series B came from Sageview Capital, a growth equity firm based in Silicon Valley and New York.

CEO and founder Eric Cunningham (pictured) comments: 'The trust we've earned from some of the world's largest enterprises by delivering billions in savings across Technology, Third-Party Labor, Marketing, and Travel & Expense has validated our model. With Sageview's support and global network, we're expanding the depth of our spend categories and extending our solutions from large enterprises to mid-market organizations worldwide.'

The firm is online at www.green-cabbage.com .