London’s software management platform Cledara has raised $20 million in a Series A round that will see the company accelerate operations in the US market.
Designed to help teams understand, manage and control the SaaS they use so they can scale operations, comply with regulations and save money, the startup has raised $24.3 million to date.
Helping to keep tabs on everything, everywhere, and all at once, Cledara offers growing companies the ability to homogenize all their SaaS purchases via credit and debit cards issued by Mastercard, and generates a single source of truthiness when it comes to what costs what and could we be getting a better deal elsewhere.
While the UK remains Cledara’s largest market, with the company claiming that software purchased through its platform grew 830% in the last 12 months, the US is now its second-largest player, with the company clocking a 35% month-over-month growth rate since launching its services across the pond this past March.
CommerzVentures led the $20 million Series A round with Carbide Ventures and Massive participating. Existing investors Nauta Capital and Notion Capital also continued their support.
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