September 12, 2022
3
MIN READ

We Raised $20 Million To Change The Way Companies Discover, Buy, and Manage Software

Cledara News

A new chapter: we closed our Series A funding round this morning.

It’s another milestone moment for Cledara. Today, we announced the completion of our $20M Series A funding round, led by CommerzVentures, with participation from Nauta Capital, Notion Capital, Carbide Ventures, and Massive.

We are humbled and beyond excited for this next stage of growth for Cledara. Humbled because of the over 800 businesses in the UK, Europe and now the US that have put their trust in us to help them become better. We work hard everyday to solve the tension growing companies have between fast growth, and the resulting chaos created by lack of processes and control. 

When we started back in 2018, we introduced an elegant way to manage the end-to-end journey of SaaS in a business, allowing teams to see, for the first time, all their SaaS in one place and reduce the administrative burden that comes with it.  And we have never looked back!

This funding will accelerate our expansion in the United States, where we launched in March and have seen tremendous growth and interest from US companies. In fact, the United States has quickly become our second-largest and fastest-growing market. 

Following this exciting news, our founder and co-founders Cristina and Brad will relocate to Denver, CO to build out Cledara’s presence in the US. 

What’s next?

We keep serving our customers and helping new companies manage their software in a new way. We plan to continue to invest in our platform, user experience and software management processes to provide even greater insight into what is now the second largest expense for companies. 

The whole team is excited about this new chapter at Cledara and know that we could not have achieved any of this success without the trust and confidence of our customers, partners and wonderful employees who work passionately everyday to bring the Cledara brand to life. 

Actually - why not join the team?  With offices in Denver, London and Barcelona, we’re actively hiring for sales, marketing, operations, and tech roles.

Contents

Contents

Subscribe to our newsletter

Receive the latest insights in your inbox

Share this post

Subscribe to our newsletter and stay informed on the latest SaaS insights

Explore more

Explore more

New naming rights partnership agreed, The Cledara Abbey Stadium announced

Cledara enters into a five-year sponsorship agreement with Cambridge United, which will see the football club’s Abbey Stadium renamed The Cledara Abbey Stadium.
Read more

Announcing Cledara's Free Software Management Package for Finance Teams

We’re excited to announce that you can now use Cledara’s platform for free as well as changes to our paid packages and cashback available.
Read more

Announcing Onboarding, Your control center for software access

Cledara's Software Management platform just got a major upgrade. With Onboarding, now you can manage access to every tool, streamline workflows, and improve compliance—all from one central platform. No more fragmented systems, manual processes, or visibility gaps.
Read more

Announcing Benchmarks & Copilot: Your AI-Powered Software Procurement Expert

Cledara is proud to introduce two transformative features: SaaS pricing benchmarks and the world’s first AI-powered SaaS Procurement Copilot. These innovative additions place expert software procurement capabilities into the hands of every team.
Read more

What's New Discover Spend Insights, Team Budgets & More

Discover Cledara’s new features like actionable software spend insights, team budgets, OKTA SSO & more.
Read more

Cledara Announces New Partnership with Modulr

Cledara adds exciting new product features to the product roadmap and reaches new countries across Europe following a new banking partnership with Modulr
Read more

SaaStock Barcelona September: Sales Effectiveness and Fundraising

Here's a recap of our latest event for founders in sunny Barcelona.
Read more

Cledara Product Updates: August 2022

Check out our latest product updates!
Read more

Cledara’s 4th Anniversary

Discover how we celebrated an incredible milestone with the entire team.
Read more

Cledara Product Updates: July 2022

Here’s a summary of our latest product updates. Enjoy!
Read more

Cledara talks with Ultra-Trail du Mont-Blanc founders

What does it take to organize the world’s best trail runs? We sat down with the Ultra-Trail du Mont-Blanc (UTMB®) founders to find out.
Read more

The 45 Hottest Startups in the Netherlands

From Crisp and Bots to TestGorilla and Lightyear, the Netherlands hosts an eclectic and exciting group of startups. We’ve pulled together the ones to watch in 2022 and beyond.
Read more

SaaStr Europa 2022 Recap

Check out highlights from our time last week at Europe’s largest SaaS event.
Read more

Customer Success at a Fast-Growing Startup

The following blog is written by Marta and Katie, our newly formed Customer Success team that has quickly transformed how we engage with our wonderful customers.
Read more

The Value of Having a Problem-Solving Mindset at Cledara

I recently joined Cledara as a Software Engineer and I wanted to share my unique experience with you.
Read more