Vertice, a London, UK-based spend optimization platform, has raised €47.9 million in Series C funding, bringing its total raised to over €95.9 million.
Investors
The round was led by Lakestar, with participation from Perpetual Growth and CF Private Equity, alongside existing investors Bessemer Venture Partners and 83North.
Lakestar is a venture capital firm based in Zurich, Switzerland, that invests in visionary tech entrepreneurs globally, from Seed to Growth stages. Founded in 2012, the firm focuses on deep technology, digitalization & AI, financial technology, and healthcare sectors.
Vertice Use of Funds
The funds will be used to expand Vertice's regional offices and triple its engineering team. This investment will drive growth, product development, and automation efforts to simplify procurement processes.
About Vertice
Founded in 2021 by Eldar and Roy Tuvey, Vertice is a spend optimization platform designed to help businesses simplify procurement workflows. By leveraging artificial intelligence, it optimizes software and cloud spending, providing a unified platform that standardizes and streamlines procurement processes. Its customers include ASML, Euronext, and Santander, with clients across multiple regions.
Funding Details
Company: Vertice Technology Inc.
Raised: €47.9M
Round: Series C
Funding Date: January 2025
Lead Investor: Lakestar
Additional Investors: Perpetual Growth, CF Private Equity, Bessemer Venture Partners, 83North
Company Website: https://www.vertice.one/
Software Category: SaaS and Cloud Spend Optimization
Source: https://www.eu-startups.com/2025/01/vertice-raises-e47-9-million-to-advance-its-spend-optimisation-platform-and-open-new-offices/