Vertice, a London, UK-based tech-enabled SaaS purchasing company, emerged from stealth and raised $26 million in Series A funding.
83North and Bessemer Venture Partners led the round, and also includes a cohort of angel investors including Juan Lobato, founder, and co-CEO at Ebury; Omri Dahan, former CRO at Marqeta; Ronni Zehavi, co-founder and CEO at Hibob; Tom Ryan, co-founder and CEO at Pluto TV; Yuval Tal, former founder and CEO at Payoneer; and Bastian Nominacher, co-CEO, and co-founder at Celonis.
The funding will be used to accelerate Vertice’s growth, including expanding the engineering and commercial teams, helping further develop the platform, and accelerating global revenue growth.
Company: Vertice Technology Inc.
Raised: $26.0M
Round: Series A
Funding Month: May 2022
Lead Investors: 83North and Bessemer Venture Partners
Additional Investors: Juan Lobato, Omri Dahan, Ronni Zehavi, Tom Ryan, Yuval Tal, and Bastian Nominacher
Company Website: https://www.vertice.one/
Software Category: B2B Purchasing Solution
About the Company: Founded by serial entrepreneurs Roy and Eldar Tuvey, Vertice is a tech-enabled SaaS purchasing solution that helps businesses save on their annual software expenditure. Leveraging extensive data intelligence covering thousands of SaaS transactions, Vertice utilizes SaaS procurement expertise to negotiate contracts on behalf of clients. The solution streamlines the entire software purchasing process and provides finance leaders with full visibility into their SaaS stacks, enabling strategic purchasing decisions. Vertice is headquartered in London and maintains a presence throughout Europe and North America.
Source: https://www.vertice.one/news/announcing-our-26m-series-a-funding-with-launch-of-new-platform