Sastrify raises capital funding of $7 million in a seed round backed by HV Capital

Sastrify, a Cologne, Germany-based startup developing SAAS automated platform used for helping other businesses with procurement and management of third-party services, announced raising $7 million in a seed funding round.

The money was raised from the German investors from HV Capital, joined by a group of local angels.

Sastrify, founded in 2020 by Maximilian Messing and Sven Lackinger, developed a  Software-as-a-Service procurement solution, helping finance and tech teams to optimize SAAS tools in digital-first companies. The company says it works with around 50 customers.