Procure IT Raises $4.8 Million in Initial Funding for Game-changing IT Procurement Platform

Proven Digital Marketing and Technology Leaders Paul Filsinger and Giancarlo Maniaci Get Behind Procure IT as Investors & Advisors

CARROLLTON, Texas, June 12, 2023 – Procure IT, a game-changing data-driven IT procurement and management company, announced today that it raised $3.5 million in a new round of funding, bringing the total initial funding to $4.8 million. The company promises to combine people, processes, and software to create an industry-first platform for IT procurement, spend, performance and risk management.

The latest funding round includes investments from two proven digital marketing and technology leaders Paul Filsinger and Giancarlo Maniaci, who also will serve as advisors to Procure IT's leadership team.

"We're thrilled to welcome Paul Filsinger and Giancarlo Maniaci as Procure IT investors and advisors," said Randy Jeter, Procure IT Managing Partner and former CEO of RapidScale.

About Procure IT's Investor-Advisors

Filsinger is a technology leader with 30 years of experience in software, IT, media and digital advertising. Over three decades, he has been an entrepreneur/owner/founder and President of System1, a $1 billion public company. Filsinger sold his business to System1 and then spent more than 5 years scaling teams, revenue and profitability, culminating in a public offering on NYSE (SST). As president, he was responsible for digital brands, including MapQuest, StartPage, HowStuffWorks, Answers.com, CouponFollow, Info.com, Infospace, WebCrawler, Dogpile and more.

Following a long career as a business builder, Filsinger has become an angel investor in companies aligned with his technology interests. Recent investments include MadisonAve.ai, a startup using generative AI to create advertising, and Supermind.co, a media business focused on the future of healthcare.

Maniaci is a serial entrepreneur and one of the world's foremost experts in digital product marketing. Presently, he is CEO of eJam Inc., a performance-based online advertising and marketing company. Maniaci was the CEO and co-founder of TapIt!, a mobile advertising platform that sold to Phunware for $23 million in 2013. Earlier in his career, he was Managing Partner for iDials, a hosted PBX, predictive and autodialing platform that was sold in 2010.

The entrepreneur actively provides seed investment and incubation to technology and digital media startups. Among his present and past investments are Estimote, creators of the SpaceTimeOS for smart workplace applications, and PayDivvy, the first and only social bill-paying platform.

ProcureIT.com