Startup
Vertice
London spend optimisation platform for SaaS, cloud and direct procurement: pricing benchmarks, renewal management and negotiation, run for finance teams that want to cut software costs without adding headcount.
| Founded | 2021, London |
|---|---|
| Founders | Eldar Tuvey (CEO), Roy Tuvey; the brothers previously built ScanSafe (sold to Cisco) and Wandera (sold to Jamf) |
| Stage | Series C |
| Total funding | $101m |
| Last round | Series C, $50m, January 2025, led by Lakestar with Bessemer and 83North. Valuation about $500m. |
| Earlier rounds | Series B $25m, January 2024 |
| What it does | Intake and approval workflows, SaaS and cloud pricing data from thousands of transactions, renewal tracking and managed negotiation, saving up to 25% on software spend |
| Traction | Manages more than $3.4bn of spend for customers in 30-plus countries; about 500 staff; offices in New York, Sydney, Brno and Johannesburg; revenue up 13x in two years |
| Pricing | Not published; priced on managed spend |
| Markets | UK, US, Europe, Australia |
| Peers | Vendr, Tropic, Zip, Cledara, Sastrify |
Why it matters
Vertice has raised $101 million and manages $3.4 billion of customer spend, making it the UK’s largest company in procurement software. Its founders have sold two companies to Cisco and Jamf, and the business has grown revenue thirteenfold in two years.
Updated September 2026.
Part of Accountio’s accounting technology coverage.
