MarkIT
MarkIT is an e-purchasing system for IT goods in the Baltics.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
€2.0m | Growth Equity non VC | ||
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 54 % | 5 % | 9 % | 41 % | 12 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Markit operates a centralized IT purchasing platform that serves international clients across 45 countries, including Europe, the USA, Canada, Australia, and Singapore. The platform offers a comprehensive range of over 5 million unique IT products, from toners to servers, supplied by leading IT distributors. Markit's business model focuses on acting as the sole supplier rather than a broker, ensuring transparency and efficiency in the procurement process. The company caters to large multinational corporations, providing them with a streamlined purchasing experience that combines centralized procurement with local delivery within 48 hours. Markit generates revenue through the sale of IT products and services, leveraging its extensive network of over 350 real-time IT catalogue feeds. The company is recognized for its high client satisfaction, boasting a Net Promoter Score of 78.6%. Additionally, Markit is committed to sustainability and community engagement, supporting various environmental and social initiatives.
Keywords: IT procurement, centralized purchasing, international clients, local delivery, IT products, transparency, sole supplier, multinational corporations, real-time catalogue, sustainability.