Cledara, an all-in-one SaaS purchasing, and management platform were born out of the pain of managing the chaos caused by cloud software. Based out of London with operations also in Barcelona, the company standardised the way businesses discover, buy, manage, and cancel their SaaS.
Raised £2.5 million funding
Recently, the company raised $3.4 million (approx £2.5 million) led by Nauta Capital, with participation from existing investors Anthemis. The UK company will use the funding to accelerate its product growth and international expansion.
“Companies waste $20 billion on duplicate, forgotten, or unused SaaS purchases yearly. Our mission at Cledara is to help our companies cut through the chaos and start managing their software subscriptions in a scalable way.”, explains Cristina Vila, Cledara’s CEO and Co-founder.
Reduces spending by 30%
Founded by Cristina Vila in 2018, Cledara enables companies to empower their teams to get the SaaS they need when they need it, in a fast, secure, and scalable way. Cristina was later joined by ex-Railsbank executive Brad van Leeuwen as Co-founder and COO.
As a result, Cledara’s customers reduce software spend by up to 30% while saving hours of manual admin work each month on things like chasing SaaS invoices, bookkeeping, and complying with GDPR and outsourcing regulations for regulated fintech.
Powered by Cledara Mastercard
With more than 100 customers within tech and fintech, Cledara’s customers include well-known brands including Florence.co.uk, Unmind.com, Butternut Box, and Railsbank.
Cledara, powered by the Cledara Mastercard, is currently available in over 20 countries across Europe, including UK, France, Ireland, Germany, and Spain, will use the new investment to accelerate their product growth and international expansion.
Brad van Leeuwen, COO, and Co-founder said: “Having scaled companies before, I’ve seen first hand the friction that SaaS can cause across all parts of businesses, including finance and HR. As a result of the Covid-19 pandemic, businesses of all types have had to rapidly adjust to working in the cloud and are facing this challenge for the first time. We’re on a mission to support that transition.”
Jordi Vinas, General Partner at Nauta Capital comments: “Cledara’s ability to ease companies’ SaaS management at a time where software-as-a-service is becoming an integral part for companies of all sizes is relevant now more than ever.”
Farhan Lalji, Principal at Anthemis, said: “Cledara’s speed of execution and growth in the twelve months since we led the pre-seed round has been phenomenal. Our partnership with BBVA was formed to help entrepreneurs like Cristina on their entrepreneurial journeys and we’re excited about supporting the team for the next stage of their journey.”
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