Fintech Startup Cledara Raises $3.4M in Seed Funding

Cledara, an all-in-one SaaS purchasing and management platform for companies, announced that it has raised $3.4 million in its Seed Round, which was led by Nauta Capital, with participation from its existing investor Anthemis.

Cledara will use the funds to grow its platform and make the power of SaaS more accessible to businesses all around the world.

With less than 2.5 years old, the company has already helped companies in 12 countries bring visibility and control to their SaaS.

This round comes at an inflection point for Cledara. It has grown more than 20x in 2020 as more companies have learned how to bring visibility and control to their SaaS and, in doing so, scale faster, protect customer data and save money. That level of growth means the company is now hiring across all areas of its business and plan to 4x the size of the Cledara team in the next few months.

Cristina Vila, CEO and Founder of Cledara commented:”Like all powerful things, SaaS too brings challenges. It's very accessibility means that companies are typically using 50-100 different software tools, without any systems or processes to manage it. Now everyone is their own procurement department, companies have no visibility or control over the SaaS they use and as a result more than $30 billion will be wasted on forgotten, unused and duplicate SaaS in 2020. And if tech companies find it hard, traditional businesses will face an even bigger challenge as they begin to adopt SaaS. Cledara's mission is more important now than ever.”

Cledara is powered by a deal with Mastercard and is currently available in over 20 countries across Europe, including UK, France, Ireland, Germany and Spain