Sastrify - About the company
Sastrify is an acquired company based in Cologne (Germany), founded in 2020 by Maximilian Messing and Sven Lackinger. It operates as an AI-powered platform designed for IT teams to manage software. Sastrify has raised $45.3M in funding from investors like Endeit Capital, FirstMark and Reimann Investors. The company has 569 active competitors, including 91 funded and 54 that have exited. Its top competitors include companies like Apptio, Spendflo and Orb.
Company Details
AI-powered platform designed for IT teams to manage software. The solutions help in managing procurement spending and planning renewals and negotiations, assessing risks, and automating documentation. Its features include automated supplier negotiation, contract management, customized tag filters, document activities, and more.
- Website
- www.sastrify.com/
- Social
- Email ID
- *****@sastrify.com
Key Metrics
Founded Year
2020
Location
Cologne, Germany
Stage
Acquired
Total Funding
$45.3M in 6 rounds
Latest Funding Round
Investors
Ranked
9th among 569 active competitors
Employee Count
36 as on Aug 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Deel (May 06, 2026)
Legal entities associated with Sastrify
Sastrify is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Sastrify GmbH CIN: R3306_HRB102066 , Germany, Active | Jun 22, 2020 | - | - | |
SASTRIFY INC. CIN: 6661999 , United States, Active | Dec 05, 2022 | - | - | - |
Sastrify GmbH CIN: HRB102066 , South Korea, Active | Jun 21, 2020 | - | 55 (As on Dec 31, 2024) | - |
Sastrify GmbH CIN: HRB102066 , Germany, Active | Jun 21, 2020 | - | - |
Sastrify's acquisition details
Sastrify got acquired by Deel on May 06, 2026.
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Sastrify's funding and investors
Sastrify has raised a total funding of $45.3M over 6 rounds. Its first funding round was on Nov 23, 2020. Its latest funding round was a Series B round on Dec 07, 2023 for $*****. 1 investor participated in its latest round. Sastrify has 15 institutional investors and 18 angel investors.
Here is the list of recent funding rounds of Sastrify:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 07, 2023 | 1835651 | Series B | 4504267 | 4862808 | 1396365 | 2541559 |
May 24, 2023 | 5494374 | Conventional Debt | 7500671 | 5905681 | 5829709 | |
May 24, 2023 | 1794664 | Series B | 9927970 | 8114070 |
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Sastrify's founders and board of directors
Founder? Claim ProfileThe founders of Sastrify are Maximilian Messing and Sven Lackinger. Sven Lackinger is the CEO of Sastrify.
Here are the details of Sastrify's key team members:
- Maximilian Messing: Co-Founder & CTO of Sastrify. They serve on the board of 1 company.Contact Info: 1 email address
- Sven Lackinger: Co-Founder & CEO of Sastrify. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
Sastrify's Board of Directors
Sastrify's board has 2 active members. Maximilian Messing and Sven Lackinger are part of team.Here is the list of Sastrify's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 1m | |
Team | - | Current | 6y 1m |
View details of Sastrify's Founder profiles and Board Members
Sastrify's employee count trend
Sastrify has 36 employees as of Aug 26. Here is Sastrify's employee count trend over the years:
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Sastrify's Competitors and alternates
Top competitors of Sastrify include Apptio, Spendflo and Orb. Here is the list of Top 10 competitors of Sastrify, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Apptio 2007, Bellevue (United States), Acquired | Cloud spend management platform for enterprises | $136M | 75/100 | |
2nd | Spendflo 2020, San Francisco (United States), Series A | AI-native procurement platform for managing SaaS and vendors | $15.4M | 69/100 | |
3rd | Orb 2019, San Francisco (United States), Acquired | Platform offering infrastructure monitoring solutions | $44.1M | 69/100 | |
4th | Zluri 2020, San Francisco (United States), Series B | Provider of SaaS management, access management, and access review solutions | $32.5M | 68/100 | |
5th |  Zylo 2015, Indianapolis (United States), Series C | Platform offering SaaS applications management solutions | $72.5M | 68/100 | |
6th | Drata 2020, San Diego (United States), Series C | Risk assessment and management solutions for enterprises | $328M | 67/100 | |
7th |  Vendr 2018, Boston (United States), Acquired | Provider of software pricing data and negotiation insights for buyers | $216M | 67/100 | |
8th | Flexera 2008, Itasca (United States), Acquired | Provider of IT management solutions for cloud, SaaS, and data centers | $5.76M | 66/100 | |
9th | AI-powered platform designed for IT teams to manage software | $45.3M | 65/100 | ||
10th | SilverSky 1997, Morrisville (United States), Acquired | Cloud security and compliance solution company | $31.5M | 65/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Sastrify's competitors? Click here to see the top ones
Sastrify's Investments and acquisitions
Sastrify has acquired Pengu. Sastrify has not made any investments as of now.Reports related to Sastrify
Here is the latest report on Sastrify's sector:
News related to Sastrify
Filter this listMedia has covered Sastrify for a total of 2 events in the last 1 year.
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DEEL: Fifteen acquisitions to transform a product roadmap into an industrial strategyFrenchWeb•Aug 25, 2026•Clarity AI, Deel, Sastrify
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SaaS procurement platform Sastrify closes second Series B and acquires Pengu (Reimann Investors • Pleo • Bitvavo)Podcast•Dec 07, 2023•Sastrify, Pengu
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Sastrify secures additional funding, acquires competitor Pengu to solidify market positionTech.eu•Nov 30, 2023•Sastrify, Pengu, Reimann Investors, Pengu
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Osborne Clarke advises Endeit Capital in Series B funding round of SastrifyOsborne Clarke•Aug 31, 2023•Sastrify, Endeit Capital, Simon Capital, HV Capital and 2 others
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Sastrify, the Next Generation Platform For Buying and Managing SaaS Subscriptions, Raises $32 Million Series BPR Newswire•Aug 31, 2023•Sastrify, Endeit Capital, Simon Capital, HV Capital and 4 others
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YPOG advises Simon Capital on $32 million Series B financing of SastrifyYPOG•Aug 31, 2023•Sastrify, Endeit Capital, Simon Capital, HV Capital and 2 others
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Sastrify Raises $32 Million Series B Funding to Scale Next Generation SaaS Procurement Platform | Sastrify BlogSastrify•May 24, 2023•Simon Capital, Sastrify, Endeit Capital, HV Capital and 3 others
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Capchase Partners with Sastrify to Offer 'Save Now, Pay Later programFinancial IT•Sep 23, 2022•Capchase, Sastrify
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Capchase Partners with Sastrify to Help Companies Beat the Downturn by Financing SaaS SubscriptionsFintech Finance•Sep 22, 2022•Capchase, Sastrify
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