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Software renewal startup Vertice emerges from stealth with £21m raise

Vertice, a startup that manages businesses’ software renewals, has emerged from stealth following a $26m (£20.8m) Series A round led by 83North and Bessemer Venture Partners.
By UKTN
May 18, 2022
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Cloud costs increase amid SaaS pricing hikes
Vertice, which provides a cloud and SaaS cost optimization platform, pegged the 2023 SaaS inflation rate at 8.7%. The company's annual SaaS Inflation Index, published this week, noted that nearly three-quarters of software vendors raised prices over the past 12 months.
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Vertice wins big in TechRound’s SaaS66 Awards
Vertice is proud to feature in TechRound's shortlist of the UK and Europe's most innovative SaaS companies and initiatives.
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Vertice recognized as procurement champion in the ProcureTech100
Vertice has been named one of the definitive 100 pioneering digital procurement solutions in the ProcureTech100.
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‘Stubbornly high’ SaaS prices outpace CPI inflation
Software-as-a-service spending now accounts for 14.1% of a typical company’s expense line, up from 12.7% last year, according to research from Vertice.