Sastrify, a platform for buying and managing SaaS subscriptions, has raised $32 million in a Series B funding round. The funding was led Endeit Capital, with participation from Simon Capital and previous investors HV Capital, FirstMark Capital, and TriplePoint Capital.
Sastrify’s platform helps companies manage their SaaS subscriptions by providing a centralized dashboard that allows them to track usage, costs, and renewals. The platform also offers recommendations for optimizing subscriptions and negotiating better deals with vendors. The company plans to use the funding to expand its platform and grow its team. Sastrify also plans to expand its presence in the United States, where it sees significant growth potential.
SaaS subscriptions have become increasingly popular in recent years, as more companies move their operations to the cloud. However, managing multiple subscriptions can be a challenge, especially for larger organizations. Sastrify’s platform aims to simplify this process by providing a single, centralized platform for managing all SaaS subscriptions. The company’s platform is designed to help companies save money by identifying unused or underutilized subscriptions and negotiating better deals with vendors. Sastrify also provides insights into usage patterns, which can help companies optimize their subscriptions and avoid overpaying for services they don’t need. Sastrify’s platform is particularly useful for companies with multiple departments or business units, as it allows them to track usage and costs across the organization.