Backed by QIC Ventures, Airtree, and ISAI, the Brisbane-founded company will expand its AI product suite, scale internationally, and grow its team across key global markets.

LONDON, BRISBANE, Australia and DUBAI, UAE, May 11, 2026 /PRNewswire/ — ProcurePro, the first end-to-end construction procurement platform, has secured US$11 million in a funding round led by QIC Ventures – one of Australia’s largest sovereign wealth funds and a major infrastructure asset owner. The round values the company at more than US$80 million.

Existing venture investors Airtree and Glitch Capital participated, together with global construction giants Bouygues (via its VC fund managed by ISAI).

The funding will be used to accelerate ProcurePro’s construction-focused AI product suite, whilst supporting expansion across the United Kingdom, the Middle East and North America.

Construction is a US$13 trillion global industry, and one of the least profitable, operating on slim margins of just 1 to 4 per cent. Commercial outcomes are determined long before a project breaks ground. At the procurement stage, 80% of costs are already committed, and supply chain risk is locked in. Yet across the industry, this process is still managed through fragmented spreadsheets, email chains, and disconnected documents.

ProcurePro built the first construction-specific procurement platform to change that. Its platform brings the full procurement lifecycle into one system – from scheduling and tendering through to bid analysis and subcontracting, giving contractors control, visibility, and certainty before contracts are signed.

Over the past six years, ProcurePro has been deployed across 6,000 construction projects globally, worth more than $90 billion in construction value. The platform has processed more than 200,000 trade packages, creating a uniquely deep dataset of real-world procurement activity, pricing and supply chain behaviour.

That dataset now underpins ProcurePro’s AI product roadmap, including BidLevel AI, the company’s flagship intelligence tool for comparing complex subcontractor quotes. A process that traditionally takes commercial teams days, and sometimes weeks, can now be completed in minutes.

Alastair Blenkin, Founder and CEO of ProcurePro, said the raise marks the next stage of the company’s global growth.

“Construction firms are still managing their most critical commercial decisions and millions in spend via out-of-date and untrustworthy spreadsheets. The lack of true oversight delays risk identification which ultimately erodes margins. We built ProcurePro to bring structure, control and certainty to the commercial cockpit of construction firms.

What makes this even more powerful is the data. After years of supporting procurement across thousands of projects, we now have a rich foundation of real-world procurement data. This funding allows us to invest further in AI, where we’ll enable construction firms to estimate new project costs backed by their historical purchasing data, rather than someone’s estimate, memory, or a finger in the wind.”

QIC Ventures Investment Director Nick Capell said ProcurePro represents a compelling opportunity to back a category-defining platform at a critical control point within construction.

“Procurement sits upstream of construction spend yet remains highly manual and weakly governed. It’s a globally relevant problem that remains unsolved. With Queensland delivering a once-in-a-generation infrastructure programme ahead of the 2032 Olympics, innovations that improve construction productivity are critical,” Mr Capell said.

Marie-Luce Godinot, Bouygues Group’s Senior Vice-President, Innovation, Sustainability and IT added, ” ProcurePro is one of the first technologies we have seen that brings greater control to the full procurement journey for contractors. It has been deployed successfully on some Bouygues projects, with usage progressively developing across several business units”

To support this growth, ProcurePro will hire 100 employees globally over the next 24 months across product, engineering, and go-to-market teams. The company is establishing its first US presence while scaling existing offices in Brisbane, London and Dubai.

About ProcurePro

ProcurePro is the first end-to-end procurement platform, designed to bring control and deliver commercial certainty to the construction industry. By digitising the full procurement lifecycle, from scheduling to subcontracting, ProcurePro replaces fragmented workflows with an AI-powered procurement control centre – enabling contractors to lock in project margins and eliminate financial risk before contracts are signed. The platform has been deployed across more than 6,000 projects globally, representing over $90 billion USD in construction value. Launched in Brisbane, Australia, the company now operates across the UK, Ireland, Middle East, and ANZ, with active expansion into North America.

About QIC

QIC is one of Australia’s largest institutional investment managers, wholly owned by the Queensland Government, with more than A$130 billion in assets under management. The fund invests on behalf of institutional clients including Brighter Super, one of Queensland’s leading industry superannuation funds.

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HO CHI MINH CITY, Vietnam, May 11, 2026 /PRNewswire/ — Following a remarkable 2025 edition that brought together 3,000+ senior leaders, 60+ international speakers, 40+ technology booths, 60 leading partners, and 30 direct B2B connections, MMA INNOVATE Vietnam 2026 will officially return on June 10–11.

This year’s comeback marks a major expansion in scale, content, and networking value, positioning the event as a key meeting point for Vietnam’s marketing, technology, and innovation communities.

“MMA INNOVATE Vietnam 2026 is not only a knowledge forum, but also a strategic launchpad for Vietnamese businesses to accelerate in the AI era. Through the theme ‘Accelerating Intelligence’, we aim to create a space where intelligence is amplified, resources converge, and businesses can turn artificial intelligence, technology, and data into long-term growth advantages.” – Ms. Phan Bich Tam, Country Director Vietnam, Myanmar and Cambodia & Board Member Vietnam, MMA Global – APAC

Accelerating Intelligence: Moving Beyond Technology Updates to True Acceleration

As the marketing industry enters a period of unprecedented transformation driven by AI and data, this year’s theme, “Accelerating Intelligence – Imagine The Future,” reflects the event’s core mission.

MMA INNOVATE Vietnam 2026 goes beyond trend updates. The event focuses on acceleration: helping businesses master technology, optimize data, and shape future-ready strategies that can be applied today.

The need for a large-scale platform where business leaders can learn from real practices and connect with the right partners has never been clearer. Addressing that need, MMA INNOVATE Vietnam returns with a fully expanded edition, moving beyond the format of a traditional conference to become a multi-layered experience journey.

Across two days, the event will feature five conference stages, 50+ international speakers, 50 strategic partners, and dozens of technology booths, creating a powerful touchpoint for attendees, brand leaders, and top solution providers.

A Gathering of 5,000 Marketers in the Most Dynamic Edition Yet

With an expected attendance of 5,000 marketers over two days, MMA INNOVATE Vietnam 2026 will bring together brand leaders, marketers, experts, technology partners, and solution providers for the conversations shaping the future of the industry.

Compared with the 2025 edition, the 2026 event expands not only in audience size, but also in the number of stages, depth of content, and intentionally designed networking activities.

This reflects a clear evolution: from an industry event to a platform where the ecosystem comes together to learn, connect, and open new growth opportunities.

Who Should Attend?

MMA INNOVATE Vietnam 2026 is a must-attend gathering for every key player in the marketing and technology ecosystem, especially organizations seeking fresh perspectives, practical solutions, and meaningful connections in the age of AI, as well as solution providers looking to expand their partner network and showcase their capabilities to the industry. The event is designed to deliver tangible value for:

BrandsMarketing startupsAdTech and MarTech companiesAgenciesAcademiesFunding organizationsConsulting firms

This event is designed not only for organizations looking to stay ahead of emerging trends, but also for those seeking to turn AI, data, and technology into practical capabilities across marketing, operations, and growth. It offers a space for participants to gain fresh market perspectives, connect with like-minded innovation partners, and identify collaboration opportunities that can create long-term business impact.

Who Should Exhibit?

The technology booths at MMA INNOVATE Vietnam 2026 will serve as a dynamic showroom for pioneering solutions, giving exhibitors the opportunity to demonstrate their capabilities directly to 5,000 senior-level attendees.

The exhibition area is especially relevant for:

Businesses and startups in marketing, MarTech, advertising, communications, data, AI, and e-commerceProviders of digital transformation solutions, technology platforms, and creative servicesBrands looking to launch new products or services and connect with strategic partners

Securing a booth at the event means establishing a direct presence within the ecosystem, creating opportunities to engage with brands, showcase solutions, and build strategic relationships on-site.

The return of MMA INNOVATE Vietnam 2026 is more than the continuation of an annual event. It is a fully expanded edition designed to create greater value for Vietnam’s marketing community.

Taking place on June 10–11, 2026, MMA INNOVATE Vietnam 2026 promises to be one of the most anticipated industry gatherings of the year.

REQUEST A BOOTH OR REGISTER NOW AT: https://mmaglobal.com/event/mma-innovate-vietnam-2026?utm_source=pr&utm_medium=article&utm_campaign=vn

For inquiries, contact the Organizing Committee via: mmavn@mmaglobal.com 

PR Newswire is the Official Media Partner of the MMA INNOVATE Vietnam 2026.

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SOURCE MMA Vietnam

NEW YORK, May 9, 2026 /PRNewswire/ — As demand for scalable financial tools grows, attention is shifting towards the best accounting software for medium-sized businesses in the UK in 2026, as organisations face increasingly complex accounting requirements. Consumer365 has recognised QuickBooks as a cloud-based platform supporting more structured financial management, reflecting a wider focus on improving automation, visibility, and compliance readiness.

Best Accounting Software for Medium-Sized Business UK

QuickBooks – developed as a cloud-based accounting platform, it enables medium-sized businesses to manage financial operations, automate core accounting processes, and maintain compliance with UK regulatory requirements.

Growing Demand for Scalable Financial Systems in the UK Mid-Market

Medium-sized businesses in the UK are operating in an environment where financial management is becoming increasingly complex. Growth introduces additional reporting layers, heightened regulatory expectations, and the need for consistent financial oversight across departments.

Traditional accounting methods are often no longer sufficient under these conditions. Spreadsheet-based systems and entry-level tools can struggle to deliver accurate, timely insights. This creates visibility gaps that can impact planning and decision-making.

QuickBooks has been identified within this context as a platform designed to support more structured financial management. Its positioning reflects a broader shift towards systems that centralise financial data and reduce fragmentation across business operations.

QuickBooks Positioned as a Scalable Financial Platform

QuickBooks operates as a cloud-based accounting system developed by Intuit. It is designed to support businesses that require more than basic bookkeeping functionality, focusing on helping organisations manage financial processes in a more connected and scalable way.

A key aspect of its design is the ability to consolidate financial information within a single system. This allows businesses to manage invoicing, expenses, reporting, and cash flow tracking without relying on multiple disconnected tools.

The platform is also structured to support growth. As businesses expand, financial operations often become more distributed across teams. QuickBooks enables multiple users to work within the same system while maintaining structured access controls, helping ensure consistency and oversight as complexity increases.

Financial Visibility, Automation, and Operational Control

One of the central functions of QuickBooks is improving financial visibility across business operations. Real-time data access allows organisations to monitor cash flow, expenses, and overall financial performance without waiting for end-of-period reporting cycles.

Automation plays a significant role in reducing manual workload. Financial processes such as invoicing, transaction categorisation, and expense tracking can be streamlined, reducing reliance on repetitive manual input and supporting more consistent financial records.

Operational control is reinforced through structured user permissions. Businesses can assign access levels based on roles, ensuring financial data is managed securely while still enabling collaboration across departments. This structure is particularly relevant for medium-sized organisations where multiple teams interact with financial systems.

Integration, Compliance, and System Connectivity

QuickBooks is designed to integrate with a range of business tools commonly used by UK organisations. These include payroll systems, customer relationship management platforms, and other operational software. This level of connectivity helps ensure that financial data remains consistent across systems.

Compliance is also a core part of the platform’s structure. UK businesses must meet specific regulatory requirements, including VAT reporting and Making Tax Digital standards. QuickBooks includes features that support these obligations within the system, reducing the need for manual compliance processes.

By aligning financial reporting with regulatory standards, the platform helps organisations maintain accurate records while reducing the administrative burden associated with tax and compliance requirements.

Operational Impact and Long-Term Financial Structure

As businesses grow, financial systems often become central to overall operational structure. Decisions related to hiring, investment, and expansion rely on access to accurate and timely financial data. Systems that lack integration or real-time visibility can slow decision-making and introduce inefficiencies.

QuickBooks supports a more structured approach by centralising financial information. This reduces fragmentation and helps ensure consistency across the organisation. It also supports continuity, minimising the need for frequent system changes as businesses scale.

The platform is designed to adapt to increasing complexity over time. As transaction volumes grow and reporting requirements expand, it remains stable while accommodating additional users and workflows.

This approach aligns with the needs of medium-sized businesses transitioning from smaller-scale operations to more advanced financial environments.

Market Context and Financial Management Trends

The recognition of QuickBooks reflects broader developments in financial technology adoption among UK medium-sized businesses. Organisations are increasingly prioritising systems that improve efficiency while reducing operational complexity.

Financial management is no longer limited to recordkeeping. It has become a core business function that influences strategic planning and overall performance. As a result, platforms that provide integrated financial oversight are becoming more relevant across a wide range of industries.

QuickBooks fits within this shift by offering a system that combines core accounting functionality with workflow automation and reporting capabilities. This supports businesses that require both day-to-day financial management and longer-term planning tools.

The emphasis on scalability also reflects changing expectations in the mid-market sector. Businesses are seeking platforms that can grow with them, rather than systems that need to be replaced as operational requirements evolve.

Conclusion

Consumer365 has recognised QuickBooks as a relevant financial platform for medium-sized businesses operating in the UK in 2026. The recognition highlights its focus on scalability, financial visibility, and structured operational control.

The platform is positioned to support organisations as they move beyond basic accounting systems and adopt more integrated financial management structures. Its emphasis on automation, compliance support, and system connectivity aligns with the operational needs of growing businesses.

As financial complexity continues to increase across the mid-market sector, tools that centralise financial data and support real-time decision-making are becoming more widely adopted. QuickBooks represents one of the platforms contributing to this shift towards more structured financial management approaches.

To read the full review, please visit the Consumer365 website.

About Intuit

Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.

About Consumer365.org: Consumer365 provides consumer news and industry insights. As an affiliate, Consumer365 may earn commissions from sales generated using links provided.

Disclaimer

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SOURCE Consumer365.org