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Vertice provides an intelligent procurement platform optimizing software and cloud spending for modern enterprises. Its core product leverages AI insights, automation, and benchmarking to streamline the entire software purchasing lifecycle, empowering finance and procurement teams to effectively manage and reduce annual software expenditure. This comprehensive solution offers a data-driven approach to procurement challenges.
Vertice was founded in 2021 by brothers Eldar and Roy Tuvey. Their insight stemmed from the significant, often inefficient challenges businesses faced with software renewals and broader SaaS procurement. Eldar, as CEO, recognized these market pain points, leading the brothers to build a data-driven platform simplifying this critical aspect of enterprise operations.
The platform serves enterprises aiming for greater control and efficiency in software spending and procurement. Vertice's vision centers on transforming how companies acquire and manage software assets, shifting to a proactive, intelligent approach. It enables informed decisions, optimizes budgets, and strategically allocates resources.
Vertice has raised $101.0M across 3 funding rounds.
Vertice has raised $101.0M in total across 3 funding rounds.
Vertice has raised $101.0M across 3 funding rounds. Most recently, it raised $50.0M Series C in January 2025.
Vertice has raised $101.0M in total across 3 funding rounds.
Vertice's investors include Lakestar, 83North, Accel, Aleph VC, Bessemer Venture Partners, Coatue, Company Capital, Corner Ventures, Felix Capital, General Catalyst, Intuit Ventures, Karista.
Vertice is a London-headquartered SaaS company founded in 2021 that provides an intelligent procurement platform focused on optimizing software, cloud, and broader spend for enterprises.[1][2][3][5] It serves finance and procurement teams at modern enterprises, solving the problem of uncontrolled spending—particularly in SaaS and cloud costs, where businesses waste billions annually—through AI-powered insights, agentic workflows, expert buyers, and guaranteed savings of up to 25% and an average of 20%.[3][4][5] With over 350 employees across offices in London, Johannesburg, Brno, and Linz, Vertice has processed $10bn in spend, serves 500+ customers in 30+ countries, and boasts strong growth: 13x business expansion in three years, $101M total funding (including a $50M Series C), and recognition as the UK's fastest-growing startup and #4 on the Financial Times' Sifted 250 for Europe.[2][3]
Vertice was founded in 2021 by CEO and co-founder Eldar Tuvey (sometimes referenced alongside Roy Tuvey in media), who brought a vision to tackle procurement inefficiencies in the exploding SaaS and cloud markets using AI and automation.[1][2][3] Headquartered at 338 Euston Rd in London, the idea emerged amid rising enterprise spend on digital tools, where businesses struggled with visibility, benchmarking, and optimization—prompting Tuvey to build a platform combining agentic AI workflows, predictive insights, and human expertise.[3][5] Early traction was rapid: within three years, the company grew 13x, secured $101M in funding, and expanded to serve 500+ customers globally, earning accolades like the Financial Times' fastest-growing European startup ranking.[2][3]
Vertice rides the wave of exploding enterprise SaaS and cloud spend—hundreds of billions annually—amid AI-driven digital transformation, where procurement lags behind tech adoption.[2][5] Timing is ideal post-2021 funding boom, as economic pressures demand cost control without sacrificing growth; market forces like vendor consolidation and inflation favor platforms offering predictive analytics over reactive tools.[3] By empowering 500+ enterprises with 20% average savings, Vertice influences the ecosystem, restoring confidence in outsourced procurement, accelerating operational efficiency, and setting a standard for "intelligent procurement" that integrates AI with human expertise.[3][5]
Vertice is poised for explosive scaling, leveraging its $50M Series C to expand AI capabilities, global footprint, and customer base beyond 500 amid rising demand for spend optimization in uncertain economies.[2][3] Trends like agentic AI proliferation and procurement digitization will propel it, potentially doubling revenue as enterprises prioritize risk-free savings in SaaS/cloud hyperspend. Its influence may evolve from niche optimizer to category leader, redefining enterprise buying—much like how it transformed chaotic spend into strategic advantage from day one.[2][3][5]
