ATLANTA, July 22, 2021 (Newswire.com) - Focal Point Procurement Solutions, the rapidly growing procurement software platform, today announced that it has been selected as one of 10 startups for Techstars 2021 Atlanta Cohort. Selection for Techstars' accelerator program is highly competitive and began with several hundred initial applicants to the program.
Techstars offers one of the world's most exclusive and successful accelerator programs, having helped participating founders raise nearly $15 billion in business funding and boasting a collective company market value, among program graduates, of more than $46 billion as of 2021.
Techstars Atlanta is a 13-week program, sponsored by Cox Enterprises, that helps founders build their business networks, receive individualized mentoring and master key foundational elements of early-stage business growth. The program is based out of Ponce City Market in Midtown Atlanta and will culminate in a Demo Day on Oct. 18, 2021. All 10 startups will pitch to investors, mentors and community supporters.
"It's a tremendous honor for our company to be selected from such a vast field of promising startups from Atlanta and beyond," said Anders Lillevik, Focal Point founder and chief executive officer. "And while being accepted into Techstars Atlanta is a milestone unto itself, we're even more excited about future milestones our participation will enable us to achieve for years to come," he added.
"This year's field of applicants for Techstars Atlanta was incredibly strong, which created an extremely high bar for Focal Point and the other accepted startups to clear," said David Payne, managing director for Techstars Atlanta. "Anders Lillevik's subject matter expertise as a practitioner, technology implementer and leader in the procurement industry is an extremely valuable advantage for Focal Point, and we're privileged to now play a role in the company's early-stage growth," he added.
Focal Point was founded in 2019 by veteran procurement leader Anders Lillevik. With the experience of numerous chief procurement officer roles for multi-billion dollar global enterprises as well as deep, hands-on experience implementing dozens of procurement technology systems, Lillevik set out to create Focal Point to directly address critical gaps in procurement orchestration and category management. Focal Point now boasts several multi-billion dollar enterprises as contracted clients and is currently running pilots with some of the world's largest companies.
About Focal Point
Focal Point Procurement Solutions helps companies around the world manage their procurement process and information in a smarter and more collaborative way. Focusing on areas neglected by existing providers, such as data aggregation, stakeholder collaboration, and procurement performance management, Focal Point connects with clients' existing procurement infrastructure for maximum return on existing investments. For more information, please visit www.focalpointprocurement.com or email email@example.com.
Source: Focal Point Procurement Solutions