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Over time, a tech company accumulates a lot of software that is bought to work.

Not only do you lose track of which licenses are available, but you often fail to renegotiate the contracts.

That costs time and money.

This is where the Cologne start-up Sastrify wants to help.

Behind it are two of the former Evopark founders.

Sven Lackinger and Maximilian Messing sold their parking garage start-up Evopark at the end of 2017 and left the company in February of last year.

Now they want to help other companies with more than 100 employees manage their software and negotiate better prices for licenses.

"Even during our time at Evopark it was always the case that Max spent money as CTO on software and I had to chase after him as a finance officer in order to save costs somewhere," Lackinger told "Gründerszene".

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It was founded in Corona spring 2020, at that time under the name Sastrix.

Because the company wants to expand abroad, it has renamed itself Sastrify for trademark reasons, among other things.

According to its own information, the start-up is already generating five-digit sales.

66 companies are already to test the Sastrify offer, including 15 paying customers such as the limousine service Blacklane or the mattress company Emma.

“The corona pandemic is playing into our cards, at least in terms of business.

Also because many people work remotely, there is cost pressure and licenses still have to be purchased. "

Sastrify wants to use data to negotiate better prices

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To do this, they dock onto the accounting data of their customers.

"We have a database of over 70 million dollars SaaS licenses, which is why we can estimate how much discounts are possible depending on the size of the company," says Lackinger.

If, for example, the Salesforce license has to be renegotiated, Sastrify wants to estimate how much discount is possible based on the data pool.

The costs amount to about 2.4 percent commission on the total expenses for software in a company.

In return, the start-up promises to save more costs than it does itself.

Most of the processes are automated according to their own information.

However, when it comes to negotiating licenses or purchasing new software, the Sastrify team takes care of it manually.

Ten people are currently to be employed.

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Lackinger wants to expand the team further.

It is said that hardly any money has been skimmed from the million euros from the seed financing at the end of 2020.

That should change now.

Also because the competitor has grown significantly.

Competitors from the USA put pressure on Sastrify

The company Vendr, which started in 2019, is the model of the Cologne-based company.

In mid-2020, the Americans raised four million US dollars.

Last week there was another 60 million on top.

Lackinger sees this as a motivation to expand further before Vendr spreads across the European market.

A larger financing round is targeted for the second quarter, reveals Lackinger.