A Pittsburgh pricing analytics company just secured $40 million – and it plans to use the cash to expand locally and internationally.
Green Cabbage announced a $40 million Series B investment on Friday from Silicon Valley and New York equity firm Sageview Capital. While the announcement said the funds would fuel the company’s international expansion, Green Cabbage also has plans to accelerate its local growth, according to company spokesperson Alex Fochler.
“We recently moved into a much larger headquarters in Warrendale,” Fochler told Technical.ly, “to support the expansion of our onsite team.”
The company also plans to hire talent worldwide to expand its operations in Europe, Asia-Pacific and possibly other locations in the future, according to Fochler.
The recent raise follows a $20 million Series A round in October 2024. As for the current investment, Sageview Capital has been following the company for over a year, firm partner Jeff Klemens said in the announcement, noting Green Cabbage’s annual growth of more than 100%.
Founded in 2017, Green Cabbage specializes in procurement intelligence, meaning it helps companies make smarter spending decisions by analyzing purchasing data and providing insights to cut costs, optimize suppliers and improve spending efficiency.
Fueled by the new funding, Green Cabbage also plans to expand its local engagement. The company, through its Cabbage Cares program, plans to support new charities this year and announce more community partnerships, according to Fochler.
“Our initiative, Cabbage Cares, is always focused on bringing our team together to give back to the community,” Fochler said. “We love supporting a variety of causes, not just through donations, but by empowering our team to contribute their time and skills to make a real difference.”
