Sastrify’s $15 Million Series A Financing Round

CMS advised Sastrify on the deal. Hengeler Mueller advised FirstMark on the transaction.

Cologne-based SaaS start-up Sastrify has closed a Series A financing round with a total volume of 15 million US dollars. US venture capital investor FirstMark Capital participated in this round, alongside other investors such as Holtzbrinck Ventures, TS Ventures and Discovery Ventures.

Founded in 2020, Cologne-based Sastrify operates a platform with over 50 employees that helps companies in the procurement and management of their software licences. Sastrify’s clients include Westwing, delivery service start-up Gorillas and sports app Runtastic. Through the platform, Sastrify offers its customers the opportunity to optimize the cost of their SaaS needs and the negotiation process with software companies.

The CMS team included Dr Malte Bruhns (Picture), Lead Partner, Cologne; Philipp Kunick, Senior Associate, Cologne, both Corporate/M&A.

The Hengeler Mueller team included partners Jens Wenzel (Venture Capital/M&A, Berlin) and Hendrik Bockenheimer (Employment, Frankfurt), counsel Matthias Berberich (IP/IT, Berlin) as well as associates Theresa Scharff (Venture Capital/M&A), Amit Datta (IP/IT) (both Berlin) and Selina Rohr (Employment, Frankfurt).

Involved fees earner: Malte Bruhns – CMS Hasche Sigle; Philipp Kunick – CMS Hasche Sigle; Matthias Berberich – Hengeler Mueller; Hendrik Bockenheimer – Hengeler Mueller; Selina Rohr – Hengeler Mueller; Theresa Scharff – Hengeler Mueller; Jens Wenzel – Hengeler Mueller;

Law Firms: CMS Hasche Sigle; Hengeler Mueller;

Clients: FirstMark Capital, L.L.C.; Sastrify GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler