SaaS buying and mgmt platform Spendflo raises $11-M led by Prosus, Accel

Spendflo, a Chennai- and San Francisco-headquartered provider of SaaS buying and management platform, has attracted USD 11 million in a Series A fundraising round led by Prosus Ventures and Accel India. The company would use the capital to fuel product growth and broaden its North American footprint through hiring resources and on-ground marketing activities. So far, Spendflo has raised a total of USD 15.4 million from investors, including Prosus Ventures, Accel, Together Fund, Signal Peak Ventures, and Boldcap Ventures. Founded in 2021 by Siddharth Sridharan, Ajay Vardhan, and Rajiv Ramanan, Spendflo provides an all-in-one platform to buy, manage, and secure SaaS. Spendflo serves customers across North America, Europe, APAC, and the Middle East. Its customers include Mindtickle, Hasura, Drip, 4G Clinical, and Wodify.