Sastrify
“Can a SaaS procurement platform become the single system of record for enterprise software spend, compliance, and vendor management across IT, Procurement, and Finance?”
Founded2020
HQCologne, Germany
FoundersMaximilian Messing, Sven Lackinger
Total raised$57.3M+
Latest roundSeries B, 2023
IndustryVertical SaaS / Procurement & SaaS Management
The story
Founded in 2020 by ex-mobility startup founders, Sastrify initially positioned itself as a SaaS procurement outsourcing service, helping companies negotiate software contracts and manage renewals. Over time it evolved from a services-led model to a platform-led model with deep integrations into ERP, HRIS, SSO, and spend-management tools. By 2024, after acquiring Pengu and Ensemble, it became the leading SaaS management platform in Europe, now serving IT, Procurement, and Finance teams with AI-driven visibility, compliance monitoring, and a $6B+ benchmark database.
Product timeline
2020
Founded by Maximilian Messing and Sven Lackinger after the acquisition of their prior mobility startup Evopark; raised $1.3M pre-seed to build a SaaS procurement and management platform.· pivot
2021
Raised $7M seed round from HV Capital and unicorn founders; expanded SaaS procurement platform with benchmarking and renewal management features.· banking
2022
Achieved SOC 2 Type 1 compliance in partnership with Drata; raised $15M Series A with FirstMark Capital; launched 'Save Now, Pay Later' program with Capchase.· lending
2023
Raised $35M+ Series B with Endeit, Simon Capital and Reimann Investors; expanded to manage $6B+ in software spend.· pivot
2024
Acquired European competitors Pengu and Ensemble to become the leading SaaS management platform in Europe.· acquisition
The stack
Lending
CapchaseSave Now, Pay Later — Capchase finances SaaS subscriptions purchased through Sastrify, allowing companies to pay monthly or quarterly while receiving annual pricing discounts
Payroll
Accounting
Accounting gap: none