# Spendflo

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.spendflo.com
- Total disclosed funding: $15M
- Latest round: Series A (Apr 4, 2023)
- Investors on record: 5

## About

Based in California, US, and founded in 2020 by Siddharth Sridharan (CEO), Ajay Vardhan, and Rajiv Ramanan, Spendflo, Inc. operates as a software company that focuses on providing services for buying, negotiation, renewal, and tracking of subscriptions. In April 2023, Spendflo, Inc. raised USD 11 million in series A funding co-led by Prosus and returning investor Accel. 

Spendflo, Inc. is a creator of an internet-based optimization platform that wants to help businesses buy, automate context, negotiate, and renew their SaaS tools more efficiently. The company's platform provides buying, negotiation, renewal, and tracking services for SaaS subscriptions by combining purchase requests, approvals, and contracts. Additionally, the firm helps businesses have more control over their SaaS expenses and also lowers vendor customer acquisition costs.

The company generates revenue that provides USD 2,500 per month as a subscription to its users. 

The company plans to use the April 2023 funding to fuel product growth and accelerate global expansion with a strong focus on furthering the growth in the North American market.

## Funding rounds

- Series A, Apr 4, 2023, $11M — Accel, Prosus Ventures
- Seed, Jun 14, 2022, $4.4M — Accel, Signal Peak Ventures, BoldCap Ventures, Together

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A
- Signal Peak Ventures (https://capitalatlas.ai/funds/signal-peak-ventures) — Seed
- BoldCap Ventures (https://capitalatlas.ai/funds/boldcap-ventures) — Seed
- Together (https://capitalatlas.ai/funds/together) — Seed
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series A