Overview

Pavilion improves the procurement process for public sector entities by using technology to streamline cooperative contracts. Their platform allows local governments to collaborate and purchase various goods and services more efficiently and transparently, benefiting diverse suppliers like small and minority-owned businesses. Unlike competitors, Pavilion emphasizes support for these suppliers and offers a free platform that aggregates cooperative contracts. The goal is to enhance innovation in government procurement, ensuring public funds are spent effectively.

Simplify's Take

What believers are saying

• Pavilion raised $22M in Series A, boosting growth potential.
• CoProcure's platform aligns with rising cooperative purchasing trends in local governments.
• Demand for diverse supplier platforms supports Pavilion's inclusivity initiatives.

What critics are saying

• Emerging GovTech startups increase competition, threatening Pavilion's market share.
• Rapid tech changes require constant updates, straining Pavilion's resources.
• Economic downturns could reduce public sector IT spending, impacting revenue.

What makes Pavilion unique

• Pavilion focuses on enhancing public services through marketplace, SAAS, and civic tech.
• CoProcure simplifies procurement with cooperative contracts, aiding diverse suppliers.
• Pavilion's contract management services leverage AI for improved vendor engagement.

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Funding

Total Funding

$25.3M

Above

Industry Average

Funded Over

3 Rounds

$22,000,000

Series A

Mar 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$22M

$100M

View all funding stages