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Penny Software

Penny Software

Private
RiyadhEnterprise Softwarehttps://penny.co/

Last Round

VC Round

Apr 15, 2024

Total Funding Raised

$6.35M

Company Overview

Penny Software is a procurement software company that provides a cloud-based source-to-pay system to digitize and manage the full procurement cycle from request to payment.

Sector

Enterprise Software

Verticals

Supply Chain, Workflow Automation, Accounting & Expense, Enterprise Resource Planning, Vertical SaaS

Business Model

B2B

Customer Profile

Subscription SaaS, Services & Consulting

AI Layer

Application

Keywords

procurement softwaree-procurementsource-to-payprocurement techspend managementprocure-to-payaccounts payable automationsupplier managementinventory managementB2B SaaSspend analyticsprocurement as a serviceERP integrationdigital procurementspend control

Historical Pricing

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Caplight Momentum Score

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Penny Software Comparables

Compare Penny Software with similar companies based on industry and business-model similarity.

Penny Software comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Procural
84%
Pivot
77%
PLANERGY
77%

Penny Software Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
VC RoundApr 15, 2024
SeedJan 16, 2022
SeedSep 21, 2020

Key People

Founding team and executive leadership

Iyad Aldalooj

Co-Founder & CEO

Founding Team

Penny Software Investors

Notable investors and investment history

Penny Software investors
InvestorRounds
Class 5 GlobalSeed, VC Round
Shorooq PartnersSeed, VC Round
Wamda CapitalSeed
Plug and Play Tech CenterSeed
GSI VenturesVC Round
Salica InvestmentsSeed, VC Round
Knollwood Investment AdvisoryVC Round

Market signals

Structured signals derived from secondary market and firmographic data.

  • Feb 17, 2026

    Opened a new office in Derby, United Kingdom for global expansion.

  • Nov 1, 2025

    Added Bazaar Technologies Pvt Ltd., an e-commerce/fintech company.

Recent news

Latest coverage and updates

  • integrates_withAug 31, 2026

    Penny integrated with SAP SE on Aug 18th '26.

  • partners_withJul 14, 2026

    Penny Software partnered with Ariba, Inc. on Jul 14th '26.

Penny Software Filings

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Penny Software filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Penny Software's valuation, stock price, and market status.

Is Penny Software a public or private company?

Penny Software is a private company.

What is the current stock price of Penny Software?

Penny Software is a private company with no public stock price. No recent secondary market data is available.

How much is Penny Software worth (valuation)?

Valuation information for Penny Software is not publicly available.

Can I buy Penny Software stock?

Penny Software shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Penny Software's last funding round?

Penny Software's most recent funding round was VC Round on April 15, 2024.

Who are the main investors in Penny Software?

Key investors in Penny Software include Outliers Venture Capital, Iliad Partners.

Will Penny Software IPO soon?

No public IPO plans have been announced for Penny Software.

How can I track Penny Software secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Penny Software's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersRiyadh
Employee Range59
Year Founded2019
Last FundingApr 15, 2024

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