Loading organizations...
Sastrify redefines software management, empowering companies to seamlessly discover, acquire, and optimize their software and cloud subscriptions for streamlined operational success.
Sastrify has raised $45.0M across 4 funding rounds.
Sastrify has raised $45.0M in total across 4 funding rounds.
Sastrify has raised $45.0M across 4 funding rounds. Most recently, it raised $22.0M Series B in May 2023.
Sastrify is a SaaS procurement and management platform that helps digital-first companies discover, acquire, manage, and optimize software and cloud subscriptions using AI-powered tools.[1][2][3] It serves IT, procurement, and finance teams at high-growth firms, solving the chaos of fragmented software stacks by providing automated discovery, license management, spend optimization, and compliance reporting—saving millions in costs and ensuring audit readiness for regulations like DORA and NIS2.[1][3] With over 50,000 users, 170+ remote employees across EMEA, North, and Latin America, and clients including unicorns like sennder and Gorillas, Sastrify has raised $72M+ in funding and expanded via acquisitions of Pengu and Ensemble to lead Europe's software management market.[1][2][4]
Founded in 2020 in Cologne, Germany, by Maximilian Messing and Sven Lackinger, Sastrify emerged from their experience scaling Evopark, a mobility startup acquired amid software stack challenges.[1] The duo recognized the pain of decentralized software procurement—manual tracking, overlooked renewals, and unchecked spending—and built a centralized platform to streamline it.[1][5] Early traction came quickly: a $1.3M pre-seed from TS Ventures and Discovery Ventures, followed by $7M from HV Capital and unicorn founders (FlixMobility, Personio, SumUp), $15M Series A from FirstMark Capital (totaling $22M), and a $35M+ Series B from Endeit, Simon Capital, and Reimann Investors.[1] Starting in the DACH region, Sastrify scaled internationally with a fully remote "remote-by-choice" workforce.[2]
Sastrify rides the explosive growth of SaaS proliferation, where companies juggle hundreds of subscriptions amid rising costs (often 20-30% waste from underutilization).[3][5] Timing is ideal post-2020 remote work boom and economic pressures demanding spend optimization, amplified by EU regs like DORA, NIS2, and AI Act requiring robust vendor management.[1][3] Market forces favor it: SaaS spend projected to hit $300B+ globally, with procurement tools underserved in Europe where Sastrify dominates via acquisitions and local focus.[1][2][4] It influences the ecosystem by enabling unicorns and scale-ups (e.g., Pleo, Gorillas) to maintain lean stacks, fostering efficiency in high-growth sectors like logistics and fintech.[1][4]
Sastrify is poised for transatlantic expansion, leveraging its $72M+ war chest, AI enhancements, and AWS presence to capture U.S. market share while deepening EU leadership.[1][2][4] Trends like generative AI for procurement, zero-trust compliance, and multi-cloud sprawl will accelerate demand, potentially pushing valuation toward unicorn status via more M&A and enterprise wins.[3] Its influence could evolve from cost-cutter to indispensable AI co-pilot, redefining software management as companies face ever-complex tech stacks—building on founders' vision from Evopark chaos to streamlined success.[1]
Sastrify has raised $45.0M in total across 4 funding rounds.
Sastrify's investors include Philipp Schroeder, Cherry Ventures, FirstMark Capital, Reimann Investors, World Fund, Gokul Rajaram, Jonathan Swanson, Stefan Jeschonnek, HV Capital, Simon Capital, TriplePoint Capital, Aglae Ventures.
