Green Cabbage, a procurement intelligence software company, secured $40 million in Series B funding round to fuel the company’s international expansion and the continued launch of advanced multi-channel spend cubes, furthering its mission to redefine procurement intelligence.
Sageview Capital, a growth equity firm based in Silicon Valley and New York, led the equity investment round.
According to our funding database, Spend analytics startup Green Cabbage closed its $20 million Series A funding round just one year ago in November 2024, led by Utah-based Sorenson Capital. Including the latest round, Green Cabbage has bagged more than $40 million in equity funding to date.
“We’re honored to welcome Sageview Capital as a partner in our growth journey,” said Eric Cunningham, CEO and Founder of Green Cabbage.
“The trust we’ve earned from some of the world’s largest enterprises by delivering billions in savings across Technology, Third-Party Labor, Marketing, and Travel & Expense has validated our model. With Sageview’s support and global network, we’re expanding the depth of our spend categories and extending our solutions from large enterprises to mid-market organizations worldwide,” added Eric Cunningham.
Cabbage helps private equity firms, consulting companies, and B2B enterprises worldwide to achieve 15-30% in savings on supplier agreements. With expertise spanning pricing, licensing, negotiation, legal intelligence, and training, Green Cabbage empowers clients to secure the best prices and overall agreements, as well as optimize procurement processes.
Just two months back, Green Cabbage announced the appointment of Michael Van Keulen (MVK) as its new Chief Client Officer (CCO). With more than 15 years of experience in procurement and supply chain leadership across high-growth retail companies and, most recently, as Chief Procurement Officer and Practice Leader at Coupa, MVK brings a blend of strategic insight, operational excellence, and global perspective to the Green Cabbage executive team.