# Cledara

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cledara

- Industry: Software
- Headquarters: London, UK
- Website: www.cledara.com
- Total disclosed funding: $24M
- Latest round: Series A (Sep 12, 2022)
- Investors on record: 8

## About

Cledara Limited is a SaaS subscription management platform that optimizes software purchasing and payment processes for finance teams, enhancing operational efficiency and spending control.Founded in 2018 by Brad van Leeuwen and Cristina Vives, Cledara operates out of London, UK. The company focuses on providing finance teams with tools to manage software subscriptions effectively. Cledara raised USD 20.00 mn in a Series A funding round on September 12, 2022, led by CommerzVentures, with participation from Carbide Ventures, Massive, Nauta Capital, and Notion Capital. The total funding raised by the company amounts to USD 20.00 mn, which matches the latest round amount.Cledara offers a comprehensive SaaS subscription management platform tailored for finance teams. The platform enables businesses to manage their software purchasing, budget approvals, and invoice processing from a centralized directory. Its services are utilized across various industries to help finance and IT departments manage multiple software subscriptions efficiently, ensuring spending is optimized. Cledara's client base includes small to mid-sized enterprises and larger corporations in North America and Europe.Cledara employs a subscription-based revenue model, charging clients periodic fees for access to its software management services. Clients utilize Cledara’s platform to streamline software license management and expenditures, improving cost efficiency and transparency. While specific pricing details are not disclosed, various subscription tiers cater to different operational needs, facilitating effective SaaS spend management.Following its recent funding round in September 2022, Cledara plans to leverage the USD 20.00 mn raised to enhance its growth strategy, particularly in the U.S. market. The company aims to expand its offerings and develop new products for its platform, specifically targeting finance teams in the region. These initiatives are part of Cledara's broader strategy to increase its presence and effectiveness in the software subscription management space.

## Funding rounds

- Series A, Sep 12, 2022, $20M — Nauta Capital, Notion Capital, Commerzbank, Massive, Carbide Ventures
- Seed, Nov 19, 2020, $3.4M — Nauta Capital, Anthemis, Techstars
- Seed, Sep 19, 2019, $0.8M — BBVA, Anthemis, Techstars

## Investors

- BBVA — Seed
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Nauta Capital (https://capitalatlas.ai/funds/nauta-capital) — Seed, Series A
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series A
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series A
- Massive (https://capitalatlas.ai/funds/massive) — Series A
- Carbide Ventures (https://capitalatlas.ai/funds/carbide-ventures) — Series A