Purchasing Platform
Chicago, US · Founded 2012 · Delaware corporation · 24 employees on LinkedIn · 2 known investors
A procurement platform for property management companies that lets teams purchase from 150+ pre-negotiated vendors through a single login, with customizable multi-level approval workflows, audit trails, and spend controls. It also offers a corporate catalog for standardizing products across a portfolio plus sourced vendor bids and budgeting support for property-level projects.
Also known as Purchasing Platform
Founders & leadership
Board
Investors · 2
Reported raises · per SEC filings
Form D private placements$14.3M disclosed across 5 rounds · 2016–2022
▶$7.5MraisedNov 2022 · 2 investors · Other TechnologyRule 506(b)
- Charles TollincheDirector
- Chirag ShahDirector
- David BowenExecutive Officer, Director
- Lon ChowDirector
- Offering amount
- $7.5M
- Amount sold
- $7.5M
- Minimum investment
- $2.5M
- First sale
- Oct 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$2.5MraisedMay 2021 · 1 investors · Other TechnologyRule 506(b)
- Justin SmollarDirector
- Lon ChowDirector
- David BowenExecutive Officer, Director
- Chirag ShahDirector
- Offering amount
- $4.3M
- Amount sold
- $2.5M
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$3.5MraisedOct 2019 · 6 investors · Other TechnologyRule 506(b)
- Lon ChowDirector
- Alan WarmsDirector
- Justin SmollarDirector
- David BowenExecutive Officer, Director
- Chirag ShahDirector
- Offering amount
- $3.5M
- Amount sold
- $3.5M
- First sale
- Sep 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$720.5KraisedDec 2016 · 4 investors · Other TechnologyRule 506(b)
- Peter M. HepnerExecutive Officer, Director
- David BowenExecutive Officer, Director
- Chirag ShahExecutive Officer, Director
- Offering amount
- $720.5K
- Amount sold
- $720.5K
- First sale
- Dec 2016
- Incorporated
- Limited Liability Company, Delaware, 2012
- Federal exemptions
- 06b
▶$1raisedDec 2016 · 1 investors · Other TechnologyRule 506(b)
- David BowenExecutive Officer, Director
- Peter M. HepnerExecutive Officer, Director
- Chirag ShahExecutive Officer, Director
- Offering amount
- $1
- Amount sold
- $1
- First sale
- Dec 2016
- Incorporated
- Limited Liability Company, Delaware, 2012
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Purchasing Platform operates an automated spend management and procurement system aimed exclusively at the real estate sector, and specifically at property management organizations. Through a single login, property-level staff can buy products and services from a B2B online marketplace, comparing pricing and delivery times across vendors and drawing on pre-negotiated pricing from more than 150 suppliers. Customers can assemble a corporate catalog to standardize products and services across a portfolio, activate or deactivate vendors within that catalog, and add their own preferred vendors.
The platform also covers vendor management and financial controls: it removes the need for individual vendor credit applications, maintains a complete audit trail of purchases, and lets administrators restrict which vendors and products each property manager can access. Spend controls include configurable multi-level order approvals with spend limits set per organizational level, notifications of purchases made by direct reports, and the ability to edit line items and expense coding before an order goes live, alongside analytics and insights intended to increase standardization across a portfolio.
Beyond day-to-day purchasing, the company supports capital expenditure work from scoping through execution. A project management team sources vendor bids in the customer's area that meet its compliance standards and assists with scoping and budgeting using the company's data from comparable jobs completed in the same region.
Business model
The company provides a marketplace and spend management software layer between property management customers and a network of vendors. Customers register accounts free of charge and transact with vendors on pre-negotiated pricing, with the platform handling vendor onboarding, invoicing and payment friction; separate member and vendor terms indicate a two-sided arrangement. The sources do not state pricing or fee structure.
Traction
The company states it is trusted by over 3,000 communities nationwide and offers pre-negotiated pricing from more than 150 vendors.
▸Full profile — market position, technology, go-to-market, geography
Market position
Presents itself as the premier single-vendor management solution and the only automated spend management offering focused exclusively on property management within real estate.
The company positions itself as a spend management solution dedicated solely to real estate, combining a single-vendor point of contact for many suppliers with pre-negotiated pricing from 150+ vendors, portfolio-wide catalog standardization, and an in-house project management team of industry veterans for CapEx planning. It cites an average of 14% annual cost savings across purchasing categories.
Technology
A web-based marketplace and workflow system providing single-login purchasing across many vendors, corporate catalog configuration, vendor activation controls, multi-level approval workflows with spend limits, line-item and expense-code editing, audit trails, and purchasing analytics. The company also applies its historical data on comparable regional jobs to help scope and budget CapEx projects.
Go-to-market
Self-service registration for free accounts on the company website is the primary entry point, supported by a partnerships program for prospective partner organizations and a project management team that engages customers on CapEx sourcing and budgeting.
Property management companies in the real estate sector, including corporate procurement and finance functions that set catalogs and spend policies, on-site property managers who place orders, and teams running capital expenditure projects at the property level.
Geography
Headquartered at 444 N Wells Street, Suite 201, Chicago, Illinois, with customers described as spanning communities nationwide in the United States and vendor bids sourced locally to customer properties.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 6
by search overlap
Companies competing with Purchasing Platform for the same Google search keywords, organic and paid, via search-intersection analysis.
Legal entities · 1
corporate structure▸Research sources · 1
primary sources listed
- Purchasing Platformpurchasingplatform.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Purchasing Platform do?
- Chicago-based B2B procurement and spend management platform built for property management companies.
- Who are Purchasing Platform's investors?
- Purchasing Platform's investors include Dns Capital, Method Capital.
- How much funding has Purchasing Platform raised?
- Purchasing Platform has disclosed $14.3M raised across 5 rounds.
- Where is Purchasing Platform headquartered?
- Purchasing Platform is headquartered in Chicago, US.