Civic Marketplace Funding & Investors

Abilene, TX

CivicMarketplace is on a mission to unlock local agency procurement through innovation, by building a marketplace that saves time and taxpayer dollars. Our platform provides government procurement offices with the ability to make purchases with ease, simplicity, and full legal compliance. We unlock public service delivery through cutting-edge technology, bringing transparency and efficiency. Access to a network of reliable, pre-approved vendors ensures compliance and stability for every deal, and our focus on SMWB & local economic development helps boost local growth by supporting diverse suppliers. Procurement officers face outdated technology, lacking innovation and understaffed teams. These leaders are left spending too much time on compliance and box checking when they could be focusing on helping organizations make the best sourcing decisions.. Government procurement is hindered by outdated systems and inefficient processes, leading to delays in decision-making. With limited staff and resources, these departments struggle to keep up with the increasing demand for development and public services. As a result opportunities for innovation and improved service delivery are missed, and difficulties arise in maintaining compliance and transparency. Vendors of all sizes face challenges in navigating the complex, slow and outdated procurement processes which in turn has a lasting impact on local economic development and sustainability. Vendors also struggle to demonstrate their value, as the focus is often on compliance rather than the quality and impact potential of their products and services. We have co-designed an AI-enabled marketplace that matches proven, highly-rated vendors with new, local government agency contracts. Our platform aims to combine industry best practices, legal compliance, and technology to empower procurement officers. Time savings are achieved by working with pre-approved, compliant vendors.