Sastrify raises millions

The Cologne-based start-up has closed its Series A financing round. A New York venture capitalist invested.

Cologne-based start-up Sastrify has raised around 15 million US dollars in its Series A financing round. The round was led by US investor Firstmark. The startup plans to use the capital to expand into the U.S., Asia and Europe. This is the second financing round within six months. Previously, Sastrify had already raised seven million US dollars in its seed round.

The Cologne-based startup specializes in keeping track of software licenses held by companies and, if necessary, offering cheaper alternatives. It has won startups such as Gorillas as customers in this way. The company was founded by Sven Lackinger and Maximilian Messing, who had previously launched the parking garage start-up Evopark. They founded Sastrify in 2020. According to their own information, they now have several hundred customers.

The start-up earns money through a commission. This amounts to 2.4 percent of the total expenditure for software at a customer. For this price, Sastrify promises to save more money on software licenses than it costs. To do this, the start-up compares the prices a company pays today with a data pool and then tries to negotiate discounts with the providers.


Like it? Please spread the word:

Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

Sastrify
Sastrify
Startup 2020 Köln
Sastrify
Virtual Software-as-a-Service procurement service that helps companies optimize their SaaS tools.
Gorillas
Startup 2020 Berlin
Gorillas
Supply of food at retail prices.
evopark
Startup 2014 Köln
evopark
Provider of digital parking solutions.

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts