Vertice secures $50m in Series C to expand procurement platform

By Gloria Methri

Vertice, the spend optimisation platform, has announced $50 million in Series C funding led by Lakestar. This investment brings the total raised to over $100 million. Additional participants include Perpetual Growth and CF Private Equity, alongside existing investors Bessemer Venture Partners and 83North.

The Series C investment will accelerate Vertice’s mission to create the go-to unified backbone for modern procurement teams. In 2025, Vertice will open several new regional offices and drive product development by tripling its engineering team. New automated product capabilities and integrations will help enterprise procurement and finance teams improve visibility, streamline processes, reduce costs, and make better decisions.

Procurement teams struggle every day with opaque approval processes, rising prices, compliance threats and a lack of clarity over best pricing. Vertice offers fully customisable procurement workflows that deliver AI-supported insights into spend optimisation, usage and risk management directly within the workflow itself. These insights are based on Vertice’s negotiation experience across $3.4 billion of SaaS and cloud spending on behalf of hundreds of enterprise customers globally, plus the unmatched benchmarking data Vertice has on 16,000+ software vendors.

“We created our unfair advantage,” commented Roy Tuvey, Founder and CEO at Vertice. “After spending two years perfecting our SaaS and cloud spend optimisation, achieving product-market fit and taking market share from established players, we have brought all of our data and insights directly into the workflow experience. All employees can now initiate any purchase quickly, transparently and at the best price, while procurement can fully customise the workflows to their needs and embed granular approvals.”

Vertice’s proposition has been adopted by hundreds of finance and procurement leaders, including the teams at ASML, Euronext, Grant Thornton, and Santander.

Georgia Watson, Partner at Lakestar, said, “Vertice has consistently demonstrated its ability to execute, innovate, and drive key growth metrics year after year, all at scale. We firmly believe there is no organisation better positioned to become the unified platform of choice for the modern procurement team.”