Vertice, a London-based spend optimization platform, secured $50M in an oversubscribed Series C funding round, bringing total funding to over $100M. Led by Lakestar, with participation from notable investors, this investment will help Vertice enhance its unified platform aimed at procurement teams. The company has experienced remarkable growth, increasing revenue 13x in two years. Plans for 2025 include expanding regional offices and engineering teams. The platform addresses challenges in procurement by integrating tools and providing AI insights, ultimately reducing costs and improving efficiencies in SaaS and cloud spending.
Procurement teams face challenges with approval processes, rising prices, compliance issues, and unclear pricing. Current market solutions are separate tools for workflow building, contract negotiation, benchmarking, and SaaS spend optimisation.
We created our own unfair advantage. After spending two years perfecting our SaaS and cloud spend optimisation, achieving product-market fit and taking market share from established players, we've brought all of our data and insights directly into the workflow experience.
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