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Spendflo logo — Simplify Procurement. Maximize Margins.

Spendflo

Simplify Procurement. Maximize Margins.

Founded 2020 United States San Francisco, United States 140 employees Series A Total: $15.40M Information Technology, Productivity +1

General Information

Company Name Spendflo
Founded Year 2020
Location United States San Francisco, United States +1
Employees 140
Industries Information Technology, Productivity, SaaS
Funding Stage Series A
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About Spendflo

Spendflo, founded in 2020 and headquartered in the United States, is an emerging player in the Information Technology, Productivity, and SaaS industries. Their slogan, "Simplify Procurement. Maximize Margins.", encapsulates their mission to streamline procurement processes for businesses through a unified platform.

The company offers an AI Native Procurement Platform that optimizes every procurement step from intake to execution, delivering an intelligent and holistic solution for organizations seeking efficiency and cost-effectiveness. Spendflo's approach targets a significant pain point for enterprises, promising to simplify intricacies inherent in procurement.

In April 2023, Spendflo secured an $11.00M Series A investment led by Prosus Ventures, underscoring strong investor confidence in its innovative model and growth potential. This capital infusion is set to enhance Spendflo's capabilities and market footprint.

Taxonomy: SaaS Procurement, Procurement Automation, Spend Management, AI-Driven Procurement, SaaS Negotiation, Procurement Optimization, SaaS Renewal Solutions, IT Operations Efficiency, Pricing Benchmark Analysis, Procurement Orchestration, Cloud-based Financial Applications, SaaS Onboarding, Cost Savings, Procurement Workflows, Software Spend Reduction

Services & Products

Intake to Procure
SaaS Intelligence
Managed Procurement
Spendflo AI Platform
Contract Management
Vendor and Spend Analytics
Reporting and Integration

Target Customers

Finance Teams Procurement Teams Legal Teams IT and Security Teams Stakeholders CFOs VP Finance Legal Counsels

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 1
Investor
04 Apr 2023
Seed Round •••••• 5
Investor Investor
•••• •••• 		14 Jun 2022
Pre Seed Round •••••• 1
Investor
04 May 2022
Pre Seed Round •••••• 2
Investor Investor
30 Oct 2021

Spendflo Alternatives & Competitors

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Spendflo vs
Vertice
Vertice United Kingdom

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Series C
547 employees
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Spendflo vs
Tropic
Tropic United States

Stop Overpaying for AI and Software.

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Spendflo vs
CollectiveSpend
CollectiveSpend United Arab Emirates

Tail Spend Procurement Marketplace and Buying Desk Service for efficient Spend Management. #procur...

8 employees
Also compare with: Spendflo vs Proqura Proqura View all alternatives

FAQ About Spendflo

Simplify Procurement. Maximize Margins.
Spendflo was founded in 2020.
Spendflo is headquartered in San Francisco, United States.
Spendflo operates in the following industries: Information Technology, Productivity, SaaS.
Spendflo has approximately 140 employees.
Spendflo has completed 4 funding rounds, raising a total of $15.40M. The latest funding stage is Series A.
Spendflo offers: Intake to Procure, SaaS Intelligence, Managed Procurement, Spendflo AI Platform, Contract Management, Vendor and Spend Analytics, Reporting and Integration.
Top alternatives and competitors to Spendflo include Vertice, Tropic, CollectiveSpend, Proqura, Opstream. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Spendflo and Vertice are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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