Cledara raises $3.4m seed round
By Daniel Lanyon on Tuesday 15 December 2020
Image source: Cledara
Cledara, a startup which says it helps reign in company SaaS spend “chaos”, has raised $3.4m.
SaaS, or software-as-a-service, is one of the fastest-growing industries globally over the past decade as cloud computing has gradually reshaped every industry s use of technology.
Cledara says a greater demand to manage this spend from firms has meant it grew revenues by more than 20 times in 2020 with more than 100 customers including the likes of Railsbank.
The seed round was led by Nauta Capital, with existing investor Anthemis also joining.
“Companies waste $20bn on duplicate, forgotten or unused SaaS purchases yearly. Our mission at Cledara is to help our companies cut through the chaos and start managing their software subscriptions in a scalable way. This round comes at a point in time when a successful transition to the cloud is critical f
Cledara, the SaaS purchase and management platform, raises $3.4M funding
Cledara, the SaaS purchase and management platform that helps bring greater viability and control over a company’s sprawling software subscriptions, has raised $3.4 million in additional funding.
The round is led by Nauta Capital, with participation from existing investor Anthemis. It comes off the back of the startup growing revenues by 20x in 2020 including 7x since August, although Cledara isn’t breaking out specific numbers.
Founded in July 2018 by Cristina Vila after she experienced the SaaS management problem first-hand while working at London fintech Dopay, Cledara has developed software to let companies track and manage their SaaS usage and spending, including analytics to help understand if it is money well-spent. Vila has since been joined by co-founder and COO Brad van Leeuwen, who was previously an executive at banking platform Railsbank, which is also a Cledara customer.