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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $11.0M
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First Round
First Round
(14 Jun 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - Spendflo | Valuation | Prosus , Accel | |
| Jun, 2022 | Amount | Seed - Spendflo | Valuation | Accel , Together |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spendflo
Spendflo has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Accel, Prosus and BoldCap. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech companies are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage investments are made in AI-native startups by Together Fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spendflo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spendflo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spendflo Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud orchestration solutions are provided for multi-cloud and device applications.
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| domain | founded_year | HQ Location |
Cloud and application performance management platform is provided.
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| domain | founded_year | HQ Location |
Cloud based platform offering data backup and recovery solutions
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| domain | founded_year | HQ Location |
AI-powered cloud management software is delivered for enterprises.
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| domain | founded_year | HQ Location |
Cloud management and analytics solutions are provided for cloud optimization.
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| domain | founded_year | HQ Location |
Cloud management solutions for hybrid and multi-cloud environments are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spendflo
Frequently Asked Questions about Spendflo
When was Spendflo founded?
Spendflo was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Spendflo located?
Spendflo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Spendflo?
Siddharth Sridharan is the current CEO of Spendflo. They have also founded this company.
Is Spendflo a funded company?
Spendflo is a funded company, having raised a total of $15.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.4M, raised on Jun 14, 2022.
How many employees does Spendflo have?
As of Apr 02, 2024, the latest employee count at Spendflo is 100.
What is the annual revenue of Spendflo?
Annual revenue of Spendflo is $1.76M as on Mar 31, 2023.
What does Spendflo do?
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.
Who are the top competitors of Spendflo?
What products or services does Spendflo offer?
Spendflo offers Managed SaaS Procurement, Intake Management, Vendor Management, Renewal Management, and Workflow Engine.
Who are Spendflo's investors?
Spendflo has 5 investors. Key investors include Accel, Prosus, BoldCap, Together Fund, and Signal Peak.