Cledara raises $3.4m seed round

By Daniel Lanyon on Tuesday 15 December 2020

Digital Banking

The fundraising, led by Nauta Capital and Anthemis, is the largest seed round by a female-founded fintech in the UK this year.

Cledara raises $3.4m seed round
Image source: Cledara

Cledara, a startup which says it helps reign in company SaaS spend “chaos”, has raised $3.4m. 

SaaS, or software-as-a-service, is one of the fastest-growing industries globally over the past decade as cloud computing has gradually reshaped every industry's use of technology. 

Cledara says a greater demand to manage this spend from firms has meant it grew revenues by more than 20 times in 2020 with more than 100 customers including the likes of Railsbank. 

The seed round was led by Nauta Capital, with existing investor Anthemis also joining. 

“Companies waste $20bn on duplicate, forgotten or unused SaaS purchases yearly. Our mission at Cledara is to help our companies cut through the chaos and start managing their software subscriptions in a scalable way. This round comes at a point in time when a successful transition to the cloud is critical for businesses and economies everywhere”, said Cristina Vila, Cledara’s CEO and Co-founder. 

Based in London, with operations also in Barcelona, the company was founded by Vila in 2018. She was later joined by ex-Railsbank executive Brad van Leeuwen as Co-founder and COO. 

Cledara is powered by a deal with Mastercard and is currently available in over 20 countries across Europe, including UK, France, Ireland, Germany and Spain. 

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