Sastrify Raises $15 Million in Series A  

by Kay Aloha Villamor in January 17th, 2022

Sastrify, a Cologne-based SaaS tool procurement platform that helps finance and teams company-wide in optimizing the management and cost of the SaaS tools, raised $15 million in Series A.

The round was led by FirstMark Capital who now joins existing investors HV Capital and various angel investors including DoorDash’s Gokul Rajaram, Zendesk’s Jeff Titterton, the founders of Billie, and the founders of Sastrify client sennder.

The new funds are slated to be used to meet and expound upon growing international interest and usage of the platform. Since late December of 2020, the company has raised a total of $22 million.

Company: Sastrify GmbH

Raised: $15.0M

Round: Series A

Funding Month: January 2022

Lead Investors: FirstMark Capital 

Additional Investors: HV Capital, Gokul Rajaram, and Jeff Titterton

Company Website: https://sastrify.com/

Software Category: SaaS tool procurement platform

About the Company: Sastrify is a virtual Software-as-a-Service procurement service, helping finance and tech teams to optimize the management and cost of SaaS tools in successful digital-first companies. W automate repetitive and annoying processes (e.g. setting renewal dates, reaching out to suppliers, etc.) and use a dedicated procurement team that benefits from a large database of SaaS benchmarks to get you the best prices on the market. We typically bring our customers 3-4x ROI with only 20-30min work on their end.

Source: https://tech.eu/brief/saas-tool-procurement-platform-sastrify-raises-15-million/


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