Sastrify - Streamlining SaaS Procurement and Contract Management for Finance and IT Teams

SaaS spend is the new “invisible” line item.

Sastrify helps finance and IT teams buy, manage, and renew software subscriptions without the annual chaos. It’s SaaS procurement plus continuous license and contract management, wrapped in one platform.

The pitch is simple. Find what you actually use, kill what you don’t, and show up to renewals with real benchmark data instead of vibes.

They sell it as an annual subscription, starting around €12.5k per year for the platform, then add managed services when companies want experts to run negotiations and renewals. That “outsourced procurement” angle is the wedge, and the benchmarks become the moat.

Sastrify says it has managed $6B in spend, targets around 30% average savings, and leads with ROI language because CFOs do not buy dashboards. It’s headquartered in Cologne with a serious US push, and it’s built for the mid-market that has enterprise-level sprawl but not an enterprise procurement org.

In May 2023, they raised a $32M Series B led by Endeit Capital, with Simon Capital and existing investors like HV Capital and FirstMark. Founders Sven Lackinger and Maximilian Messing are building a category that only gets more urgent as software pricing gets less transparent and renewal cycles keep multiplying.

FinTech of the Day pick by FinBox Solutions because this is finance automation where the “payment” is real budget returned to the business. Not credits. Cash.

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If you run finance or IT, would you pay a fixed fee for SaaS procurement, or prefer a savings-share model tied to negotiated outcomes?

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