RCS - Pactum - Pactum Secures $54 Million in Series C Funding

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RNS Number : 7102L  Pactum  09 June 2025

 

Pactum Secures $54 Million in Series C Funding to Scale Agentic AI in
Procurement

MOUNTAIN VIEW, CA / ACCESS Newswire (https://www.accessnewswire.com/)  /
June 9, 2025 / Pactum (https://pr.report/b7v2) , a leading Agentic AI
platform for enterprise procurement, today announces its Series C fundraise of
$54 million. This round, led by global software investor Insight Partners,
brings the company's total funding to date to more than $100 million and will
help bolster enterprise procurement with Agentic AI solutions that work
alongside humans to negotiate and close supplier deals at scale.

This investment follows Pactum's most successful year to date, marked by
impressive achievements across multiple areas. Its platform saw a 489%
increase in spend handled by its AI agents, a 2.5x boost in annual recurring
revenue, and the addition of over 25 new Global 2000 customers, including
Honeywell, Novartis, and Tetra Pak.

Pactum has empowered over 50 large enterprises including Walmart, Veritiv,
Suez, Linde Group, Global Industrial, Mediclinic, Vallen, and Otto with AI
agents to deliver savings autonomously with their suppliers. The largest of
these deals was valued at $140.5 million, while the fastest deal was entirely
negotiated and signed by Pactum's AI agents in just 87 seconds. Pactum is
redefining what is possible in enterprise procurement.

"This funding represents a significant milestone in our journey," commented
Kaspar Korjus, CEO at Pactum. "It enables us to accelerate the transformation
of procurement by empowering professionals to work alongside AI Agents,
freeing up teams to focus on more strategic and meaningful work. With this
investment, we can scale our market reach and grow our portfolio of AI agents
with new innovations that benefit organizations looking to transform
procurement operations into a competitive advantage."

Josh Zelman, Managing Director at Insight Partners concluded, "Pactum has
demonstrated substantial growth, with its differentiated position in the
market and impressive capabilities to automate end-to-end procurement
processes through AI agents. The company is committed to driving greater value
for its customers and helping them execute autonomous savings at scale. We
look forward to partnering with the team on Pactum's ongoing growth and
solution evolution." As part of the investment, Zelman will join Pactum's
board of directors.

-ENDS-

About Pactum

Since 2019, Pactum has been leading the agentic AI transformation in
procurement, empowering Chief Procurement Officers to add AI agents working
alongside humans. Agents work around the clock with autonomy and authority to
find negotiation opportunities and close supplier deals at scale. Pactum
agents are trusted by over 50 of the world's largest enterprises, delivering
measurable value and enabling agility for procurement operations.

To find out more, please visit the website: https://pactum.com/
(https://pr.report/b7v3)

About Insight Partners

Insight Partners is a global software investor partnering with high-growth
technology, software, and Internet startup and ScaleUp companies that are
driving transformative change in their industries. As of December 31, 2024,
the firm has over $90B in regulatory assets under management. Insight Partners
has invested in more than 800 companies worldwide and has seen over 55
portfolio companies achieve an IPO. Headquartered in New York City, Insight
has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to
find, fund, and work successfully with visionary executives, providing them
with tailored, hands-on software expertise along their growth journey, from
their first investment to IPO. For more information on Insight and all its
investments, visit insightpartners.com (https://pr.report/b7v4)  or follow
us on X @insightpartners.

Media Contact

The Jargon Group - pactum@thejargongroup.com

SOURCE: Pactum

 

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