About Spendflo
Spendflo is a company based in San Francisco (United States) founded in 2020 by Ajay Vardhan, Rajiv Ramanan, and Siddharth Sridharan. Spendflo has raised $15.4 million across 2 funding rounds from investors including Accel, Prosus and BoldCap. The company has 100 employees as of April 02, 2024. Spendflo offers products and services including Managed SaaS Procurement, Intake Management, Vendor Management, Renewal Management, and Workflow Engine. Spendflo operates in a competitive market with competitors including VMware, Datadog, AvePoint, Nutanix and CloudHealth Tech, among others.
- Headquarter San Francisco, United States
- Employees 100 as on 02 Apr, 2024
- Founders Ajay Vardhan, Rajiv Ramanan, Siddharth Sridharan
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Spendflo India Private Limited
- Date of Incorporation 19 Dec, 2019
- Jurisdiction Chennai City Corporation, Tamil Nadu, India
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Annual Revenue
$1.76 M (USD)1095.34as on Mar 31, 2023
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Net Profit
$105.21 K (USD)503.36as on Mar 31, 2023
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EBITDA
$149.82 K (USD)686.04as on Mar 31, 2023
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Total Equity Funding
$15.4 M (USD)
in 2 rounds
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Latest Funding Round
$11 M (USD), Series A
Apr 04, 2023
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Investors
Accel
& 4 more
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Employee Count
100
as on Apr 02, 2024
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Products & Services of Spendflo
Spendflo offers a comprehensive portfolio of products and services, including Managed SaaS Procurement, Intake Management, Vendor Management, Renewal Management, and Workflow Engine.
Platform for tracking and optimizing software spends with AI insights.
Guides processes for effortless adoption and compliance in procurement.
Centralizes vendor data to provide actionable insights and risk assessment.
Syncs renewals for informed decisions and cost reduction strategies.
Orchestrates procurement workflows for seamless team collaboration.
People of Spendflo
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Funding Insights of Spendflo
Spendflo has successfully raised a total of $15.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Spendflo
Spendflo has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Accel, Prosus and BoldCap.
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Accel is recognized as a leading venture capital firm.
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Early-stage investments are made in AI-native startups by Together Fund.
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Investor details for Spendflo
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Investments & Acquisitions by Spendflo
Investment portfolio details for Spendflo
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Financial Statements - Spendflo
Detailed financials for Spendflo
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Spendflo Comparisons
Peer comparison for Spendflo
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Competitors of Spendflo
Spendflo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VMware, Datadog, AvePoint, Nutanix and CloudHealth Tech, among others.
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Cloud orchestration solutions are provided for multi-cloud and device applications.
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Cloud and application performance management platform is provided.
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Cloud based platform offering data backup and recovery solutions
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AI-powered cloud management software is delivered for enterprises.
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Cloud management and analytics solutions are provided for cloud optimization.
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Cloud management solutions for hybrid and multi-cloud environments are provided.
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Detailed competitors of Spendflo
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Latest news on Spendflo
Complete news archive for Spendflo
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Frequently Asked Questions about Spendflo
Spendflo was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Spendflo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Siddharth Sridharan is the current CEO of Spendflo. They have also founded this company.
Spendflo is a funded company, having raised a total of $15.4M across 2 funding rounds to date.
As of Apr 02, 2024, the latest employee count at Spendflo is 100.
Annual revenue of Spendflo is $1.76M as on Mar 31, 2023.
Spendflo was founded in 2020 and is headquartered in San Francisco, United States. A SaaS-enabled platform for procurement management is operated, facilitating product purchases, contract negotiations, and subscription oversight. Approval workflows are handled, while spending and savings are tracked across operations. The service targets businesses seeking streamlined procurement processes in the software sector.
Spendflo offers Managed SaaS Procurement, Intake Management, Vendor Management, Renewal Management, and Workflow Engine.
Spendflo has 5 investors. Key investors include Accel, Prosus, BoldCap, Together Fund, and Signal Peak.