TLDR:
- London-based tech company Vertice raises $25 million in Series B funding.
- 83North and Bessemer Venture Partners co-lead the funding round.
- Vertice plans to use the funds to accelerate product innovation and expand worldwide.
Vertice, a London-based tech-enabled SaaS and cloud spend management company, has raised $25 million in Series B funding. The funding round was co-led by venture capital firms 83North and Bessemer Venture Partners. Vertice’s platform aims to help businesses reduce their annual software and cloud spend while streamlining the purchasing process. With this latest funding, Vertice plans to accelerate its pace of product innovation and expand its presence globally.
83North is a global venture capital firm with over $1 billion in assets under management. The firm invests in consumer and enterprise companies at all stages of growth and has supported several fast-growing category leaders. Bessemer Venture Partners is also a global venture capital firm that invests in consumer, enterprise, and healthcare growth companies. Both firms bring their industry expertise and network to support Vertice in its growth.
The funding round was advised by Goodwin’s London Technology team, with Andrew Davis, Bill Schnoor, and Ella Donegan leading the team. Goodwin is a global law firm that provides legal expertise to technology and innovation-driven companies.
Overall, this funding round will provide Vertice with the capital needed to drive product innovation and expand its market reach. With the support of 83North and Bessemer Venture Partners, Vertice is well-positioned for future growth and success in the tech-enabled spend management industry.
