VC Fund Investments
SaaS software buying enabler Spendflo raises $4.4 M from Accel, Together Fund, others
Chennai-based SaaS buying platform Spendflo has raised USD 4.4 million in seed funding from Accel India and Together Fund. The round saw participation from BoldCap and Signal Peak Ventures, as well as a bunch of founders of companies such as Airbase, Zuora, Ivanti, CleverTap and Slintel. Spendflo, with 35 employees, will use the capital to hire across key Indian locations and the US. The Spendflo platform is vendor-agnostic and offers companies buying SaaS software the opportunity to centralize contracts, gain visibility into spending, handle renewals, and get guaranteed savings on their expenditure in buying SaaS software. Spendflo was part of the first Accel Atoms cohort.
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