When was Sastrify founded?

Sastrify was founded in 2020 and raised its 1st funding round within a year of its incorporation.

Where is Sastrify located?

Sastrify is headquartered in Cologne, Germany.

Who is the current CEO of Sastrify?

Sven Lackinger of Sastrify. They have also founded 1 company.

Which legal entities is Sastrify associated with?

Sastrify is associated with Sastrify GmbH and 3 others.

How many employees does Sastrify have?

As of May 31, 2026, the latest employee count at Sastrify is 52.

Is Sastrify a funded company?

Sastrify is a funded company, having raised a total of $45.3M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 23, 2020.

When was the latest funding round of Sastrify?

Sastrify's latest funding was a $***** Series B round on Dec 07, 2023, with participation from 1 investor. Its primary sector is IT Operations. Globally, the IT Operations sector has seen $1.76B in funding in 2026 to date.

Where does Sastrify rank among its competitors?

Sastrify ranks 10th amongst 346 active competitors, of which 77 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was SilverSky, which secured an undisclosed amount in Apr, 2024.

Who are the top competitors of Sastrify?

Sastrify's top competitors include Apptio, Drata and Vendr. Among them, SilverSky secured the most recent funding round in April, 2024.

Sastrify - 2026 Company Profile, Team, Funding, Competitors & Financials

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 346 active competitors, including 77 funded and 39 that have exited. Its top competitors include companies like Apptio, Drata and Vendr.

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

Series B, Dec 07, 2023, $*****

Investors

Endeit Capital & 32 more

Ranked

10^th among 346 active competitors

Employee Count

52 as on May 31, 2026

Investment & Acquisitions

Pengu

Similar Companies

Apptio & 421 more

Exit Details

Acquired by Deel (May 06, 2026)

View Sastrify's full profile

Sastrify is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SASTRIFY INC. CIN: 6661999 , United States, Active	Dec 05, 2022	-	-	-
Sastrify GmbH CIN: R3306_HRB102066 , Germany, Active	Jun 22, 2020	-	-
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 got acquired by Deel on May 06, 2026.

Click here to take a look at Sastrify's acquisition in detail

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 07, 2023	7335909	Series B	5338532	8951371	4615203	8922057
May 24, 2023	2499777	Conventional Debt	5859745	9410441	7099032	Endeit Capital & 4 more
May 24, 2023	1925808	Series B	5983577	3492027	Endeit Capital	Simon Capital & 3 more

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View details of Sastrify's funding rounds and investors

The 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
Maximilian Messing	Team	-	Current	5y 11m
Sven Lackinger	Team	-	Current	5y 11m

View details of Sastrify's Founder profiles and Board Members

Sastrify's employee count trend

Sastrify has 52 employees as of May 26. Here is Sastrify's employee count trend over the years:

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Top competitors of Sastrify include Apptio, Drata and Vendr. Here is the list of Top 10 competitors of Sastrify, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Apptio 2007, Bellevue (United States), Acquired	Cloud spend management platform for enterprises	$136M	Shasta Ventures, Andreessen Horowitz & 14 others	75/100
2nd	Drata 2020, San Diego (United States), Series C	Risk assessment and management solutions for enterprises	$328M	GGV Capital, Iconiq Capital & 24 others	71/100
3rd	Vendr 2018, Boston (United States), Acquired	Provider of software pricing data and negotiation insights for buyers	$216M	Craft Ventures, Tiger Global Management & 15 others	71/100
4th	Anodot 2014, Ra anana (Israel), Acquired	AI based cost management platform	$65.5M	Intel Capital, Redline Capital Management ... & 7 others	71/100
5th	Zluri 2020, San Francisco (United States), Series B	Provider of SaaS management, access management, and access review solutions	$32.5M	Endiya Partners, Kalaari Capital & 30 others	69/100
6th	Spendflo 2020, San Francisco (United States), Series A	AI-native procurement platform for managing SaaS and vendors	$15.4M	Accel, Prosus & 8 others	69/100
7th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, Menlo Ventures & 16 others	68/100
8th	SilverSky 1997, Morrisville (United States), Acquired	Cloud security and compliance solution company	$31.5M	ITOCHU, SQN Venture Partners & 6 others	67/100
9th	Flexera 2008, Itasca (United States), Acquired	Provider of IT management solutions for cloud, SaaS, and data centers	$5.76M	Ares Capital Corporation, Numeta Capital & 5 others	66/100
10th	Sastrify 2020, Cologne (Germany), Acquired	AI-powered platform designed for IT teams to manage software	$45.3M	TriplePoint Capital, Quint Ventures & 31 others	65/100