Germany Based Sastrify Raised $32M To Scale SaaS Service

Germany-based, Sastrify is an open platform to buy software as a service (SaaS) software and manage all of them at one place raised $32 million led by Endeit Capital in series B funding.

The round by actively participated by Simon Capital. The ex investors such as FirstMark Capital, TriplePoint Capital, and HV Capital join the board.

Sven Lackinger and Maximilian Messing founded Sastrify in 2020. Sastrify helps finance, tech and procurement teams of a company to work together so that they can be benefited by SaaS partnership and help reduce expences. The raised funds will be used to scale SaaS services and to develop Sastrify Marketplace. Also, Sastrify is scaling their Europe and US market for enterprise customers.

Sastrify and Capchase Partnership

Sastrify recent announced partnership Capchase to ensure financing for SaaS license easily. The $32 million funding supports development of core product and its Usage Analytics feature. With expanded Usage Analytics companies can track their real time usage and make data driven decisions.

Moreover CEO said that with all these new feature companies have full transparency on Saas stack and can eliminate bad fit tools and save a lot more money on their subscription. Right now Sastrify have big clients include Pleo, OnRunning, etc.

Also Read: PermitFlow Raises $31M In Series A By Kleiner Perkins

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *