Vertice, a London, UK-based provider of a spend optimization platform, raised $50M in Series C funding.
The round was led by Lakestar with participation from Perpetual Growth, CF Private Equity, Bessemer Venture Partners and 83North.
The company intends to use the funds to open several new regional offices and drive product development by tripling its engineering team. New automated product capabilities and integrations will help enterprise procurement and finance teams improve visibility, streamline processes, reduce costs, and make better decisions.
Led by Roy and Eldar Tuvey, Vertice offers customizable procurement workflows that deliver AI-supported insights into spend optimization, usage and risk management directly within the workflow itself. Its new automated product capabilities and integrations will help enterprise procurement and finance teams improve visibility, streamline processes, reduce costs, and make better decisions.
Vertice’s proposition has been adopted by hundreds of finance and procurement leaders including the teams at ASML, Euronext, Grant Thornton, and Santander. In the last 12 months, the company has grown its enterprise customers in the US, EMEA and APAC.
Vertice has additional offices in New York, Sydney, Brno and Johannesburg.
FinSMEs
22/01/2025