Spendflo, a San Francisco, CA-based provider of a SaaS buying and management solution, raised $11M in Series A funding.
The round, which brought the total amount raised to date to $15.4M, was led by Prosus Ventures and Accel.
The company intends to use the funds to further product growth and accelerate expansion with a focus on furthering growth in the North American market.
Founded in 2021 by Siddharth Sridharan, Ajay Vardhan, and Rajiv Ramanan, Spendflo is a solution to buy, manage and secure SaaS. Its Buying Hub streamlines the SaaS procurement process, while the Management Hub provides visibility into SaaS usage and spending. The Security Hub facilitates collaboration and fast-tracks buying cycles.
Customers include Mindtickle, Hasura, Drip, 4G Clinical, and Wodify.
FinSMEs
05/04/2023