How Vertice is Simplifying Procurement

On a mission to simplify procurement, Vertice recently announced US$50m in Series C funding – which will accelerate its growth, allow it to open new regional offices, drive product development and launch new automated products.

It is all part of its mission to become the unified backbone for modern procurement teams.

Vertice was founded in 2021 by serial entrepreneurs Roy and Eldar Tuvey, who have two decades of experience running enterprise SaaS companies under their belts, most notably founding ScanSafe and Wandera, which exited for US$200m (Cisco) and US$400m (Jamf) respectively.

The funding marks a landmark moment for Vertice in what has been an incredible two-and-a-half year journey since going to market with its first product, a SaaS purchasing solution.

Vertice now manages around US$3.5bn worth of spend worldwide for hundreds of customers, most of which are enterprises. The company has customers in about 30 different countries around the world, with the majority in the US and Western Europe, but many in APAC.

To read the full story, click HERE.

Explore the latest edition of Procurement Magazine and be part of the conversation at our global conference series, Procurement & Supply Chain LIVE.

Discover all our upcoming events and secure your tickets today.

Procurement Magazine is a BizClik brand