# Sastrify

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

- Industry: Software
- Headquarters: Cologne, Germany
- Website: www.sastrify.com
- Total disclosed funding: $47M
- Latest round: Series B (Nov 30, 2023)
- Investors on record: 12

## About

Based in Germany, Sastrify GmbH specializes in AI-driven software management, providing organizations control and visibility over their IT ecosystem to optimize spend and ensure compliance.Founded in 2020, Sastrify GmbH is headquartered in Cologne, Germany, and operates as a software management platform. The company was co-founded by Maximilian Messing and Sven Lackinger, who have prior entrepreneurial experience. To date, Sastrify has completed 6 deals, with its most recent funding round being a VENTURE DEBT raised on November 30, 2023, totaling EUR 9.000 mn, contributing to a total of EUR 20.000 mn raised.Sastrify's primary offering is an AI-driven software management platform designed to provide comprehensive visibility and control over an organization's IT ecosystem. It addresses challenges like Shadow IT exposure, compliance automation, and software waste elimination, thereby facilitating intelligent spend management. Key functionalities include automated detection of unsanctioned software, compliance risk flagging, license tracking, right-sizing, and usage monitoring, serving medium to large enterprises primarily in Europe and North America while assisting with compliance documentation and vendor management for complex regulatory landscapes like ISO and the AI Act.Sastrify generates revenue primarily through a subscription-based model, where clients pay for access to its software management platform. This transactional structure typically involves tiered pricing based on the number of software licenses managed or the scale of services utilized, enhancing the value proposition through partnerships. Clients such as Sennder and Bitvavo have reported substantial savings, underscoring the platform's effectiveness in software procurement and compliance management, with a focus on delivering guaranteed ROI through optimized software spend.Following a recent investment led by Reimann Investors in November 2023, Sastrify GmbH will utilize the funding to further develop its services and support innovation. The company is focused on launching new products and expanding into additional markets, with specific plans targeted for the upcoming year. This growth strategy aims to enhance service delivery and broaden its client reach in Europe and North America.

## Funding rounds

- Series B, Nov 30, 2023 — Reimann Investors
- Series B, May 8, 2023, $22M — HV Capital, FirstMark Capital, TriplePoint Capital, Endeit Capital, Simon Capital, Roll Up Vehicles, LP
- Series A, Jan 12, 2022, $17M — HV Capital, FirstMark Capital, Tiny Super Computer Investment Company, CG Partners, Discovery Ventures
- Seed, Sep 15, 2021, $7M — HV Capital, Tiny Super Computer Investment Company, Largo, Discovery Ventures
- Seed, Nov 13, 2020, $1.3M — Infinite Capital, Tiny Super Computer Investment Company, Largo, CG Partners, Discovery Ventures

## Investors

- Infinite Capital (https://capitalatlas.ai/funds/infinite-capital) — Seed
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Seed, Series A
- Largo — Seed
- CG Partners — Seed, Series A
- Discovery Ventures — Seed, Series A
- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Seed, Series A, Series B
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series A, Series B
- TriplePoint Capital (https://capitalatlas.ai/funds/triplepoint-capital) — Series B
- Endeit Capital (https://capitalatlas.ai/funds/endeit-capital) — Series B
- Simon Capital (https://capitalatlas.ai/funds/simon-capital) — Series B
- Roll Up Vehicles, LP — Series B
- Reimann Investors (https://capitalatlas.ai/funds/reimann-investors) — Series B