Vertice logo — Intelligent Procurement Platform

Vertice

Intelligent Procurement Platform

Founded 2021 United Kingdom London, United Kingdom 547 employees Series C Total: $97.70M Financial Services, Fintech +1

General Information

Company Name Vertice
Founded Year 2021
Location United Kingdom London, United Kingdom +1
Employees 547
Industries Financial Services, Fintech, SaaS
Funding Stage Series C
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AI Insight

Bounce Watch AI
1 month ago

Vertice has made a significant strategic move by acquiring Vendr, bolstering its AI-powered procurement intelligence platform and expanding its market footprint. This M&A activity, coupled with strong market validation as an IDC Leader and a major customer win with Arm, signals an aggressive push for market dominance. The company's rapid scaling is further supported by continuous product innovation and a substantial hiring drive for 85 positions.

Signal Types
Acquisition Recognition Customer Acquisition Hiring Product Launch Strategic Partnership
Strategic Labels
Strategic Acquisition Market Leadership Rapid Scaling
Next Move: Expansion
·
Impact: 9/10
·
Ideal For: Growth Equity Investors — Enterprise AI SaaS

About Vertice

Vertice, founded in 2021, is an innovative player in the Financial Services, Fintech, and SaaS industries, headquartered in the United Kingdom. The company's slogan, "Intelligent Procurement Platform", aptly captures its mission to enhance enterprise procurement processes. Vertice successfully merges agentic workflows, AI-driven insights, and skilled buying expertise to optimize operations for finance and procurement teams across over 100 countries.

The platform is renowned for enabling better purchase decisions, managing over $75 billion in spending and consistently achieving savings of over 20%, while doubling the speed of procurement cycles. Recognized as the UK’s fastest-growing scale-up by the Financial Times, Vertice has made significant footprints internationally, including operations in New York, Boston, Sydney, Brno, Linz, and Johannesburg.

In its latest financial milestone, Vertice secured a $50.00M Series C investment on 01 January 2025, backed by notable investors such as Bessemer Venture Partners, 83North, Lakestar, CF Private Equity, and Perpetual Investors, strengthening its position for future growth and innovation.

Taxonomy: Intelligent Procurement, AI-powered Insights, Procurement Automation, Spend Optimization, SaaS Purchasing, Cost Savings, Procurement Cycle Acceleration, Enterprise Procurement, Finance Management, Software Expense Management, Cloud Expense Oversight

Services & Products

Intake-to-Procure
SaaS Purchasing
Dynamic Intake
Vendor Onboarding
Budget Management
Risk Management
Pricing Benchmarks
Sourcing

Target Customers

Finance Teams Procurement Teams IT & Security Teams Legal Teams Cloud Engineers

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series C •••••• 5
Investor Investor Investor Investor Investor
01 Jan 2025
Series B •••••• 2
Investor Investor
01 Jan 2024
Series A •••••• 7
Investor Investor Investor
•••• ••••
01 May 2022

Vertice Alternatives & Competitors

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Vertice vs

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

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FAQ About Vertice

Intelligent Procurement Platform
Vertice was founded in 2021.
Vertice is headquartered in London, United Kingdom.
Vertice operates in the following industries: Financial Services, Fintech, SaaS.
Vertice has approximately 547 employees.
Vertice has completed 3 funding rounds, raising a total of $97.70M. The latest funding stage is Series C.
Vertice offers: Intake-to-Procure, SaaS Purchasing, Dynamic Intake, Vendor Onboarding, Budget Management, Risk Management, Pricing Benchmarks, Sourcing, Contracts.
Top alternatives and competitors to Vertice include Purchasing Platform, Inc., CollectiveSpend, Spendflo, SpendHQ, Proctrix. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Vertice and Purchasing Platform, Inc. 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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