Ignite Procurement raised NOK 30M from existing shareholders of the company.

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Ignite Procurement, an Oslo, Norway-based software developer building tools for the procurement industry, completed a NOK 30M ($3.6M) capital raise.

The money was provided by existing shareholders in the company.

Ignite Procurement, founded in 2016 by CEO Sigbjørn Nome and Børge Langedal, built a software solution called Ignite Analytics, aimed to support customers through the source-to-contract cycle – from spend analysis, identification of opportunities and risks, implementation and follow up.

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