Reimann Investors invests further growth capital in Sastrify

Sastrify, a leading platform for automating and optimising software procurement processes, acquires key competitor Pengu.

Nov 29, 2023

Sastrify's founders Maximilian Messing (left) and Sven Lackinger (right)

Sastrify's founders Maximilian Messing (left) and Sven Lackinger (right)

Reimann Investors participates in the Series B financing round for Sastrify and joins the previous Series B led by Endeit Capital. Sastrify is a leading platform for the automation and optimisation of software procurement processes. With the fresh capital, Sastrify will further optimise and expand its product offering and drive innovation. Reimann Investors is convinced that the combination of additional financing and the integration of European competitor Pengu will significantly strengthen Sastrify and further consolidate its position as the global market leader in SaaS procurement.

As an investor, Reimann Investors recognises Sastrify's potential to redefine the fast-growing SaaS procurement market and is excited to partner with Sastrify on its journey to revolutionise SaaS procurement. “Sastrify's impressive track record, innovative platform and strategic vision fit seamlessly with our commitment to supporting forward-thinking organisations driving digital transformation. We look forward to playing a critical role in Sastrify's continued growth and enabling companies worldwide to efficiently optimise their SaaS procurement processes,” said Hans-Christian Perle, Managing Director at Reimann Investors.

Sastrify has successfully grown rapidly to date, and its innovative platform is gaining traction with organisations looking to streamline and optimise SaaS procurement processes. With the Sastrify SaaS Procurement solution, companies can manage the entire SaaS lifecycle, from vendor selection to cost optimisation, ensuring improved governance, compliance and cost efficiency.

With the concurrent strategic acquisition of its European competitor Pengu, a major player in the European SaaS procurement market based in Amsterdam, Sastrify has already reached another important milestone. The integration will enable Sastrify to further optimise its customer experience, expand its product offering and drive innovation. This strengthens Sastrify's market presence in the European SaaS procurement market and its global leadership position in the rapidly evolving SaaS procurement landscape.

Reimann Investors focuses on companies that have already demonstrably created added value for customers and have therefore become of great importance to them. Reimann Investors brings start-ups and industry together through its network and thus promotes mutually value-creating relationships. Some investments have now achieved leading market positions and are developing dynamically internationally.

About Reimann Investors

Reimann Investors is the corporate holding and family office of members of the Reimann family of entrepreneurs, who sold their stake in the former family business at the end of the 1990s. Since 2017, Reimann Investors' venture capital funds have been investing in B2B SaaS, fintech and ecomtech start-ups from Series A to Growth with the mission of fostering collaboration between traditional industrial companies and the market leaders of tomorrow. Previous success stories include companies such as commercetools, usercentrics and FinTecSystems.

About Sastrify

Sastrify is a leading provider of SaaS procurement solutions, offering a comprehensive platform to automate and optimise the entire SaaS procurement lifecycle. Organisations around the world trust Sastrify to enable them to make data-driven decisions, improve compliance and achieve cost savings on their SaaS spend.