Spendflo, a San Francisco, California-based SaaS procurement startup, announced that it raised $4.4 million in seed funding.
The round was led by Accel India and Together Fund, with participation from BoldCap and Signal Peak Ventures, along with founders and operators from companies including Airbase, Zuora, Ivanti, CleverTap, Slintel, Lamda Test, Haptik, and Wingify.
Spendflo will deploy the funds to develop tech infrastructure, hire talent across verticals and grow business.
It will also infuse money into doubling down on its go-to-market strategy in the US since a large chunk of its customers is based there.
Company: Spendflo, Inc.
Raised: $4.4M
Round: Seed Round
Funding Month: June 2022
Lead Investors: Accel India and Together Fund
Additional Investors: BoldCap and Signal Peak Ventures
Company Website: https://www.spendflo.com/
Software Category: SaaS procurement
About the Company: Founded in 2021 by Siddarth Sridharan, Ajay Vardhan, and Rajiv Ramanan, Spendflo is a SaaS procurement and renewal solution dedicated to helping businesses negotiate, buy and renew their SaaS tools. Spendflo gathers all SaaS contracts into one place, giving companies visibility into spending. The company was part of the first cohort of Atoms, an Accel program for pre-seed startups with $250,000 in non-dilutive capital. Spendflo offers the best buying, negotiation, renewal & tracking service for your SaaS subscriptions. Spendflo enables companies to focus on creating value for their customers while we provide them with considerable dollar savings.
Source: https://techcrunch.com/2022/06/13/spendflo-helps-companies-track-their-saas-expenses/ https://inc42.com/buzz/enterprisetech-spendflo-raises-funds-to-help-companies-better-manage-subscription-expenses/