Vertice is a high-growth London-based fintech company that has rapidly become a leader in the spend optimization space. Founded in 2021, the company provides an integrated platform that helps finance and procurement leaders gain control over their sprawling SaaS and cloud expenditures. Vertice is recognized for its unique position as the only global platform that unifies SaaS management, procurement orchestration, and cloud cost optimization. The company has demonstrated exceptional market traction, achieving 7x ARR growth in 2023 and 13x revenue growth over the last two years. As of early 2025, it manages over $3.4 billion in contract spend for hundreds of customers worldwide. Headquartered in London, Vertice has expanded its footprint significantly, operating offices in major global hubs including New York, Sydney, Brno, and Johannesburg. The company's strategic vision is to become the 'unified backbone' for modern procurement teams, replacing fragmented point solutions with a data-driven, automated orchestration layer.
Vertice was founded in late 2021 by serial entrepreneurs and brothers Eldar and Roy Tuvey. The Tuvey brothers are renowned in the technology world for their successful track record of building enterprise SaaS companies from the ground up. Before Vertice, they founded ScanSafe, a pioneer in cloud web security that was acquired by Cisco in 2009 for approximately $200 million. Following this success, they founded Wandera, a leader in mobile security and data management, which was acquired by JAMF in 2021 for $400 million. The idea for Vertice was born from their personal frustrations as CEOs; they found it nearly impossible to gain granular visibility into their own companies' growing software and cloud bills. They launched Vertice with the mission to bring transparency and fairness to the opaque world of SaaS pricing. Leveraging their two decades of experience in the cloud revolution, they built a platform that combines sophisticated automation with human-led negotiation expertise.
Vertice has raised a total of $101 million in venture capital funding across three major rounds, demonstrating strong investor confidence in its business model. The company's journey began with a $26 million Series A round in May 2022, led by 83North and Bessemer Venture Partners. Following a period of rapid 7x ARR growth, Vertice secured an additional $25 million in Series B funding in January 2024, with existing investors doubling down on their commitment. Most recently, in January 2025, Vertice announced a massive $50 million Series C round led by the pan-European VC firm Lakestar. Other significant participants in the Series C included Perpetual Growth and CF Private Equity, alongside return investors Bessemer and 83North. This latest influx of capital is earmarked for global expansion, tripling the engineering team, and further developing the 'Vertice AI' suite. The company maintains a reputation for 'best-in-class capital efficiency,' reaching significant scale with a lean and focused approach to fundraising.
Vertice offers three primary modules that work together to optimize corporate spend. 1) SaaS Purchasing: This is the flagship module that provides a centralized platform for managing the entire software lifecycle. It includes automated discovery of all tools in a company's stack, renewal tracking, and license usage analytics. 2) Intake-to-Procure: A powerful workflow builder that automates and orchestrates the procurement process. It allows employees to request new software through simple intake forms, routing them through customized approval paths based on spend and risk. 3) Cloud Cost Optimization: Launched in 2023, this module provides deep visibility into cloud infrastructure spend (AWS, Azure, GCP). It features a continuous recommendation engine that helps engineers and finance teams identify waste, optimize reserved instances, and negotiate better enterprise discount programs. Together, these offerings provide a 360-degree view of a company's digital spend, supported by a proprietary database of 16,000+ vendor benchmarks.
Since its inception in London, Vertice has pursued a aggressive geographic expansion strategy. By early 2024, the company had established a strong physical presence in North America with a New York office and in APAC with an office in Sydney. To support its engineering and operational scale, it also established regional hubs in Brno (Czech Republic) and Johannesburg (South Africa). As of 2025, Vertice serves customers in over 30 countries. The company's international growth is supported by its ability to manage contracts in multiple currencies and navigate various regional compliance standards like GDPR. The 2025 Series C funding is specifically intended to fuel the opening of several more regional offices, particularly across the EMEA and APAC regions, as Vertice aims to capture the growing global demand for procurement automation and FinOps solutions.
In the last 18 months, Vertice has introduced several groundbreaking features that have redefined its platform. The most significant release is 'Vertice AI,' an agentic AI suite that automates over 70 procurement-specific tasks. This includes AI-driven document extraction from complex legal contracts and the generation of 'Negotiation Playbooks' that provide specific leverage points for buyers. In 2024, the company launched 'Intelligent Workflows,' a procurement orchestration tool that halved procurement cycles for early adopters. Another major addition was the 'Usage Analytics' dashboard, which provides user-level insights across all connected SaaS tools to help identify 'zombie' seats and underutilized licenses. Vertice also enhanced its Cloud Cost module with a 'Continuous Recommendation Engine' that proactively identifies savings opportunities in cloud infrastructure, making it the only platform to manage both SaaS and cloud optimization in a single workflow.
The culture at Vertice is defined by an 'ambitious and customer-obsessed' mindset, reflecting the serial-entrepreneur roots of its founders. The company prides itself on rapid execution and a results-oriented work environment. Despite its rapid growth to over 250 employees, Vertice maintains a 'start-up energy' where every team member is encouraged to challenge the status quo of the opaque procurement industry. The company values 'capital efficiency'—a principle it preaches to its customers and practices internally. Vertice offers a hybrid work model across its global offices, emphasizing collaboration while allowing for flexibility. Diversity and inclusion are central to its hiring strategy as it builds teams across five continents. The 'Tuvey brothers' remain hands-on leaders, fostering a culture of transparency where performance metrics are shared openly across the organization.
Vertice actively engages with the global finance and procurement community through a variety of initiatives. The company hosts the 'Insights Hub,' a digital resource center that publishes in-depth reports such as the 'SaaS Inflation Index,' which tracks software price trends across the industry. Vertice also maintains a growing 'User Community' where finance and procurement leaders can share best practices for spend management and digital transformation. The company is a frequent participant and sponsor at major industry events like CPOstrategy summits and IT Procurement summits in Europe and the US. Additionally, Vertice offers certification-style webinars and training for its customers, helping them mature their internal procurement processes. By positioning itself as a thought leader in 'Procuretech,' Vertice has built an ecosystem where customers don't just use a tool but gain access to a network of market intelligence and peer insights.
Vertice
بواسطة Vertice Technology Ltd
