Series A12 September 2022

Cledara secures £17.1m Series A funding led by CommerzVentures to accelerate US expansion.

CommerzVentures led the Series A round with participation from Carbide Ventures, Massive, Nauta Capital, and Notion Capital.

£17.1MSeries A

Cledara provides a software management platform that helps growing organisations oversee and control their SaaS subscriptions and payments. The business operates internationally with offices in London, Barcelona, and Denver.

Cledara has secured £17.1m in Series A funding to accelerate its expansion across the United States. CommerzVentures led the round, with participation from Carbide Ventures, Massive, and existing backers Nauta Capital and Notion Capital. The capital injection follows a period of rapid growth, which includes a significant rise in software purchasing volume and increasing demand in the American market.

The firm combines a payment infrastructure with software management capabilities, allowing businesses to gain visibility over their SaaS expenditure. Leadership intends to use the proceeds to support ongoing market scaling and operational development in the US.

From the founder

"Cledara is a result of my life-long desire to start a company that focussed on helping people"

Cristina Vila

Founder and CEO at Cledara

Investor perspective

"Cristina, Brad and the rest of the team at Cledara are freeing up growing businesses around the world to use the software that works best for them. Their product is perfectly timed, as recent market headwinds places greater attention on efficiencies, and their remarkable growth is testament to the value they deliver. We’re looking forward to seeing what the future holds for Cledara as they continue to establish themselves as a global SaaS player."

Paul Morgenthaler

Managing Partner, CommerzVentures