Tech Company Financing Transactions
Spendflo Funding Round
Spendflo, operating out of San Francisco, secured $11 million from Accel Partners and Prosus Ventures.
Transaction Overview
Company Name
Announced On
4/4/2023
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Series A
Investors
Accel Partners (Lead Investor) (Dinesh Katiyar)
Prosus Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to further product growth and accelerate expansion with a focus on furthering growth in the North American market.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
San Francisco, CA 94110
USA
San Francisco, CA 94110
USA
Phone
Undisclosed
Website
Email Address
Overview
Spendflo offers the best buying, negotiation, renewal & tracking service for your SaaS subscriptions. We enable companies to focus on creating value for their customers while we provide them with considerable dollar savings. Companies waste up to 30% of their SaaS spend. The global SaaS market is massive (Gartner estimates it to be $151B+ by 2023). That equates to 40B+ in waste.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Siddharth Sridharan
Chief Technical Officer
Ajay Vardhan
VP - Sales
Rajiv Ramanan
Browse more venture capital transactions:
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We do our best to record every notable VC transaction. VC investment data records on this site are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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