Vertice has raised $101.0M in total across 3 funding rounds.
Vertice's investors include 83North, Accel, Aleph VC, Bessemer Venture Partners, Coatue, Company Capital, Corner Ventures, Felix Capital, General Catalyst, Intuit Ventures, Karista, Kinnevik.
Vertice is a London-headquartered SaaS company founded in 2021 that provides an intelligent procurement platform focused on optimizing software, cloud, and broader spend for enterprises.[1][2][3][5] It serves finance and procurement teams at modern enterprises, solving the problem of uncontrolled spending—particularly in SaaS and cloud costs, where businesses waste billions annually—through AI-powered insights, agentic workflows, expert buyers, and guaranteed savings of up to 25% and an average of 20%.[3][4][5] With over 350 employees across offices in London, Johannesburg, Brno, and Linz, Vertice has processed $10bn in spend, serves 500+ customers in 30+ countries, and boasts strong growth: 13x business expansion in three years, $101M total funding (including a $50M Series C), and recognition as the UK's fastest-growing startup and #4 on the Financial Times' Sifted 250 for Europe.[2][3]
Vertice was founded in 2021 by CEO and co-founder Eldar Tuvey (sometimes referenced alongside Roy Tuvey in media), who brought a vision to tackle procurement inefficiencies in the exploding SaaS and cloud markets using AI and automation.[1][2][3] Headquartered at 338 Euston Rd in London, the idea emerged amid rising enterprise spend on digital tools, where businesses struggled with visibility, benchmarking, and optimization—prompting Tuvey to build a platform combining agentic AI workflows, predictive insights, and human expertise.[3][5] Early traction was rapid: within three years, the company grew 13x, secured $101M in funding, and expanded to serve 500+ customers globally, earning accolades like the Financial Times' fastest-growing European startup ranking.[2][3]
Vertice rides the wave of exploding enterprise SaaS and cloud spend—hundreds of billions annually—amid AI-driven digital transformation, where procurement lags behind tech adoption.[2][5] Timing is ideal post-2021 funding boom, as economic pressures demand cost control without sacrificing growth; market forces like vendor consolidation and inflation favor platforms offering predictive analytics over reactive tools.[3] By empowering 500+ enterprises with 20% average savings, Vertice influences the ecosystem, restoring confidence in outsourced procurement, accelerating operational efficiency, and setting a standard for "intelligent procurement" that integrates AI with human expertise.[3][5]
Vertice is poised for explosive scaling, leveraging its $50M Series C to expand AI capabilities, global footprint, and customer base beyond 500 amid rising demand for spend optimization in uncertain economies.[2][3] Trends like agentic AI proliferation and procurement digitization will propel it, potentially doubling revenue as enterprises prioritize risk-free savings in SaaS/cloud hyperspend. Its influence may evolve from niche optimizer to category leader, redefining enterprise buying—much like how it transformed chaotic spend into strategic advantage from day one.[2][3][5]
Vertice has raised $101.0M across 3 funding rounds. Most recently, it raised $50.0M Series C in January 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2025 | $50.0M Series C | 83North, Accel, Aleph VC, Bessemer Venture Partners, Coatue, Company Capital, Corner Ventures, Felix Capital, General Catalyst, Intuit Ventures, Karista, Kinnevik, NGP Capital, Qualcomm Ventures, SOSV, Walden Catalyst Ventures, Julia Kagan | |
| Jan 1, 2024 | $25.0M Series B | 83North, Accel, Aleph VC, Bessemer Venture Partners, Coatue, Company Capital, Corner Ventures, Felix Capital, General Catalyst, Intuit Ventures, Karista, Kinnevik, NGP Capital, Qualcomm Ventures, SOSV, Walden Catalyst Ventures, Julia Kagan | |
| May 1, 2022 | $26.0M Series A | 83North, Accel, Aleph VC, Authentic Ventures, Bessemer Venture Partners, Coatue, Company Capital, Corner Ventures, Elephant Partners, Felix Capital, Frontline Ventures, General Catalyst, Intuit Ventures, Kinnevik, L Catterton Growth, Mosaic Ventures, Philip Chopin, SOSV, Team8, Vertex Ventures Israel, XT Hi-Tech, DeVaris Brown, Gregory Waldorf, Julia Kagan, Nick Caldwell, Ron Zuckerman |
