Series C22 January 2025

Vertice raises $50m in Series C funding led by Lakestar to expand its procurement platform.

The oversubscribed round was led by Lakestar with participation from Perpetual Growth, CF Private Equity, Bessemer Venture Partners, and 83North.

$50.0MSeries C

≈ £40.6M at $1 = £0.8122 on 22 Jan 2025

Headquartered in London, Vertice provides a spend optimisation platform that helps businesses streamline procurement and cut costs.

Vertice has secured $50m in a Series C funding round led by Lakestar, pushing its total capital raised past the $100m mark. The financing also drew participation from Perpetual Growth and CF Private Equity, alongside returning backers Bessemer Venture Partners and 83North.

The company plans to channel the fresh capital into expanding its geographic footprint with several new regional offices and scaling its engineering headcount threefold. These efforts will support the rollout of automated product features designed to give finance teams deeper visibility into corporate spending and reduce overheads.

Founded in 2021 by brothers Roy and Eldar Tuvey, the London-based firm has established a global footprint with offices spanning New York, Sydney, Brno, and Johannesburg. Its software consolidates contract negotiation, SaaS spend management, and workflow automation into a single system used by enterprises worldwide.

From the founder

"After spending two years perfecting our SaaS and cloud spend optimisation, achieving product-market fit and taking market share from established players, we’ve 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."

Roy Tuvey

Founder and CEO at Vertice

Investor perspective

"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."

Georgia Watson

Partner, Lakestar