BoldCap is an early-stage venture capital firm that helps a global community of entrepreneurs. BoldCap backs relentless entrepreneurs disrupting the enterprise tech stack. BoldCap is an operator turned venture capital firm that helps startup achieve product-market fit and get access to early customers.

BoldCap

Accel Atoms is a non-dilutive capital and get 1:1 mentoring from the best operators in the industry.

Accel Atoms

Accel is an early and growth-stage venture capital firm that powers a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a business.  Accel’s vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries. Accel-backed companies include Atlassian, Braintree, Cloudera, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, Lookout Security, MoPub, Qualtrics, Slack, Spotify, Supercell, Vox Media, and others.

Accel

Together Fund is a VC fund that supports ambitious and purpose-driven teams with capital, community, and operating help.

Together Fund

Signal Peak is a venture capital firm with more than $550 million of committed capital under management. The fund invests in information technology companies and looks for entrepreneurial teams with the potential to transform markets and create lasting value. Specific areas of focus include Internet, SaaS, enterprise software, communications, security, and mobile computing—all markets in which the firm has deep expertise. Our strategy includes providing a level of operational assistance that creates additional value.  We take a labor-intensive, service-oriented approach by making early introductions to key customers and strategic partners, and by helping to recruit top executives and co-investors. Collectively, the Signal Peak team has founded and served as senior officers or board members in dozens of companies. The team has a combined history of successful company leadership and private equity investments that span over 60 years. As a result, our team has the resources, decision-making experience, and strategic relationships to meet the demands of today's passionate entrepreneurs.

Signal Peak Ventures

peercheque is an early stage investor in some of the most exciting technology startups being built in India.

peercheque

Prosus Ventures is a venture investing arm of Prosus that invests in technology startups. They identify companies and founders with high potential and the ambition to scale globally correctly. Their goal is to help companies quickly impact the communities where they operate and provide them with tailored support that enables them to be leaders in their chosen markets.

Prosus Ventures

Spendflo

Spendflo is a SaaS procurement and renewal solution dedicated to helping businesses negotiate, buy and renew their SaaS tools.  It enables customers to save valuable time and money by automating and optimizing the process of requesting, approving, and onboarding SaaS. Spendflo's team of experienced managers and buyers collaborate with clients to understand their needs, leverage its knowledge of pricing benchmarks to obtain them the best bargain and close the paperwork loop as quickly as possible.

Spendflo is a software-as-a-service (SaaS) spend and procurement platform designed for high-growth businesses. It offers a centralized solution to gain visibility, control, and optimization over an organization's SaaS spending. Spendflo acts as a centralized purchasing operation, handling negotiations and renewals for its clients' SaaS subscriptions. The platform tracks SaaS spending and usage across the company, providing a 2x-3x return on investment. It automates procurement requests, approvals, and renewals, offering real-time visibility into the current SaaS stack, costs, and potential savings. Spendflo enables businesses to save up to 30% on their SaaS expenses.

Spendflo Case Study

Your Ultimate Guide to Procurement Contract Management

Save up to 30% on your SaaS stack with Spendflo.

A complete guide to SaaS spend management

Spendflo helps companies track their SaaS expenses

Spendflo: Vendor Analysis — SaaS buying and management solution

Spendflo Raises $11 Million for SaaS Procurement and Management Platform

Uncomplicate Procurement Management

SaaS Platform Spendflo Bags $11Mn To Expand Footprint In North America

Giving firms greater control over their SaaS stack

B2B SaaS Management Platforms

Spendflo: How This Company Helps Save Millions In Software Expenses

Spendflo is a software-as-a-service (SaaS) spend and procurement platform designed for high-growth businesses. It offers a centralized solution to gain visibility, control, and optimization over an organization's SaaS spending. Spendflo acts as a centralized purchasing operation, handling negotiations and renewals for its clients' SaaS subscriptions. The platform tracks SaaS spending and usage across the company, providing a 2x-3x return on investment. It automates procurement requests, approvals, and renewals, offering real-time visibility into the current SaaS stack, costs, and potential savings. Spendflo enables businesses to save up to 30% on their SaaS expenses.
In April 2023, Spendflo raised USD 11 million in Series A funding led by Prosus Ventures and Accel. By the end of 2022, the company had grown 30% month-on-month since the beginning of the year, multiplying its revenue by 15 times and expanding its customer base and team size by five and four times, respectively. Spendflo was founded in 2021 by Siddharth Sridharan, Ajay Vardhan, and Rajiv Ramanan.

G2 is a leading software review platform that leverages artificial intelligence to transform revenue and customer-facing teams. The company's Reality Platform automatically captures customer interactions and utilizes that data to help teams improve business performance. G2's platform provides insights at scale, empowering companies to determine the best actions for achieving successful outcomes. As of February 2022, G2 earned the #1 spot on both the Best Software Products and Highest Satisfaction Products lists. The platform distinguishes itself through its ability to automatically capture customer interactions, derive valuable data-driven insights, and deliver optimal results for sales, customer service, marketing, and other customer-facing roles across diverse industries.
In March 2024, G2 announced surpassing 2 million authentic user reviews on its platform. This milestone underscores the company's rapid growth and success in establishing itself as the world's largest software marketplace, consistently attracting over 60 million visitors annually. Over the years, G2 has witnessed substantial expansion across various regions, with North America remaining its core market while witnessing explosive review growth in the Asia-Pacific region as well.

Vendr is the world's first SaaS buying platform that helps companies find, buy, and manage software quickly and with guaranteed savings. The platform combines a product and people-powered service, enabling organizations to streamline the software purchasing process, reduce overspending, and eliminate duplicative products. Vendr harnesses insights from over 13,000 deals across more than 2,000 SaaS suppliers to facilitate critical transformation in how companies procure and manage software.
Through Vendr, businesses can maximize their return on SaaS investments by achieving cost savings, improving stack visibility across the organization, and accessing the best industry data. The platform offers insights and negotiation support to help buyers and sellers evaluate deal fairness, ensuring a smooth internal purchase process. It provides visibility into approval workflows and fast-tracked purchase request mechanisms, leading to smoother buyer-procurement relationships.
As of February 2023, Vendr's dynamic catalog, Explore, features over 19,000 software products, offering transparent market share insights, pricing trends, and compliance details. This empowers procurement teams to make informed decisions, compare alternatives, and identify opportunities for consolidation and cost optimization. Vendr guarantees fair pricing terms and risk-free purchases for many suppliers, buying out contracts if needed.
Vendr has processed over USD 1.5 billion in customer software spend and delivered over USD 240 million in savings. Its platform delights hundreds of customers, including Brex, Drift, and Dashlane. In June 2022, Vendr achieved a USD 1 billion valuation after raising USD 150 million in Series B funding led by Craft Ventures and SoftBank Vision Fund 2. The company has over 250 employees globally and is headquartered in Boston with a second location in Charleston, South Carolina.

Vendr

BetterCloud is a leading provider of SaaS Management Platform (SMP) solutions. Its platform enables IT professionals to streamline and automate critical tasks related to SaaS access and day-to-day operations. The company offers a no-code workflow builder that allows users to configure automations for employee onboarding, offboarding, and other processes. BetterCloud's platform centralizes the management of user permissions and access across SaaS applications, providing capabilities like bulk or automated admin access changes. It also helps identify underutilized resources and prevent overlap in subscriptions, driving spending efficiency.

BetterCloud

LeanIX is a software-as-a-service (SaaS) platform that provides Enterprise Architecture Management (EAM) solutions. Its flagship product, the Continuous Transformation Platform, enables organizations to gain comprehensive visibility and superior governance over their IT landscapes. Through an automated and data-driven approach, LeanIX helps companies organize, plan, and manage their application portfolios, SaaS contracts, and DevOps projects. The platform's core offerings include Enterprise Architecture Management, SaaS Management, and Value Stream Management.
LeanIX's EAM solution empowers organizations to visualize their entire IT application landscape, identify obsolete applications, design target architectures, and plan architectural roadmaps. The solution leverages a flexible, best-practice data model that serves as a foundation for addressing future business challenges. It provides real-time overviews of IT landscapes and business capabilities, enabling organizations to transform productivity and accelerate business transformation while reducing costs and risks.
In September 2023, LeanIX was acquired by SAP to expand its business transformation portfolio and facilitate AI-enabled process optimization. The acquisition aimed to provide customers with a comprehensive suite of tools for continuous business transformation, leveraging LeanIX's EAM capabilities in conjunction with SAP's offerings.

LeanIX

Flexera is a robust SaaS-based IT management solution designed for organizations with complex hybrid environments. It provides unparalleled visibility into the entire IT estate, enabling data-driven insights across on-premises, SaaS, and cloud environments. With Flexera One, organizations can optimize spend, reduce risk, and drive results across their enterprises.Flexera offers a suite of capabilities, including IT visibility, IT asset management, FinOps, cloud optimization, and migration. It visualizes the entire IT estate, providing complete insights to drive better decision-making. The IT asset management component enables organizations to manage and optimize their hybrid IT environments seamlessly.Flexera FinOps capabilities inform, optimize, and operate the cloud at scale, allowing for the visualization and allocation of cloud usage and billing, migration planning, and efficient hybrid IT estate management. Its cloud optimization and migration features provide actionable intelligence to navigate the cloud journey confidently.Flexera specializes in optimizing expensive data center software such as Microsoft SQL Server, Microsoft Windows Server, Oracle Database, Oracle Middleware, IBM Cloud Paks, IBM WebSphere, IBM DB2, and SAP engines. It automatically utilizes out-of-the-box content libraries to identify consumption, entitlements, and optimal license positions based on product use rights.

Flexera

Platforms for cataloging, tracking and benchmarking a firms existing SaaS stack and discovering and purchasing new solutions that are a better fit for the organization

Platforms that help identify potential securities vulnerabilities of a firm's SaaS stack and provide a solution to ensure compliance with regulations.

Platforms that help eliminate SaaS wastage and optimize costs by providing spending analysis reports, contract renewal planning, and vendor management.

Integrated product offerings that provide complete solutions covering the entire life cycle of SaaS usage. A number of firms also offer managed services such as price negotiations with vendors

Solutions in this industry focus on providing tools for firms to manage its SaaS subscriptions

Uses AI/ML to analyze a firms SaaS stack and ensure compliance with privacy standards

Provide greater visibility on the usage and spending on SaaS platforms

Growth in remote and hybrid work arrangements led to growth in cloud-based SaaS solutions

Spendflo

Sources

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless