SaaS management platform Cledara has raised $3.4 million in a seed round led by Nauta Capital, with support from existing investor Anthemis. The London-based startup has developed software to help companies audit and optimise their other software tools, with the ultimate goal of saving money from unused subscriptions.
“Companies waste $20 billion on duplicate, forgotten or unused SaaS purchases yearly. Our mission at Cledara is to help our companies cut through the chaos and start managing their software subscriptions in a scalable way,” explains Cristina Vila, the startup’s CEO and co-founder.
Cledara also offers its own Mastercard which companies can use for software subscriptions (double the reward points), or any other business expenses.
Founded in 2018, the company now has over 100 customers within tech and specifically fintech, including Florence.co.uk, Unmind.com, Butternut Box and Railsbank. Currently available in over 20 countries across Europe, the business will use the new investment to accelerate product development and international expansion.
To hear more, check out our conversation with Cristina Vila in a recent tech.eu podcast episode.
Photo: Cledara founders Brad van Leeuwen and Cristina Vila