TampaBay.Ventures has led an investment into St. Petersburg, Florida-based Procoto, a procurement and spend analysis platform for businesses.

Procoto is a graduate of the Y Combinator startup accelerator program and the first Y Combinator graduate located in the Tampa Bay area. The investment represents the first investment from TampaBay.Ventures.

Procoto is a self-service procurement solution for small and mid-sized businesses. The firm's cloud-based software is a lower-cost, user-friendly alternative to enterprise procurement platforms.