Cologne – 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.
A CMS team consisting of Lead Partner Dr Malte Bruhns and Philipp Kunick advised Sastrify on all legal aspects of this transaction. Sastrify, as well as the founding team around Sven Lackinger and Maximilian Messing, are long-standing clients of CMS. As such, Malte Bruhns' team previously advised Sastrify on a Series Seed financing round in 2021. Furthermore, Sven Lackinger and Maximilian Messing were advised by CMS in 2017 on the sale of their previous start-up Evopark to Scheidt & Bachmann.
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.
CMS Germany
Dr Malte Bruhns, Lead Partner, Cologne
Philipp Kunick, Senior Associate, Cologne, both Corporate/M&A
Press Contact
presse@cms-hs.com
