Cleanshelf raises $8m in Series A funding

Josh Peachey's picture

Cleanshelf, an enterprise SaaS management platform, has raised $8m in a Series A funding round led by Dawn Capital with participation from LAUNCHub.

Cleanshelf is already a core part of SaaS management for a number of global corporations, including Hilton, Looker and CoStar Group. 

The platform integrates with over 2,000 SaaS vendors and all leading financial, HR, and Single Sign-On systems, including SAP, Oracle, and Sage. 

Cleanshelf’s solution serves as the system of record for all SaaS subscriptions and usage and provides insights to CIOs and CFOs to support proactively managing spend, user access, subscription renewals and cancellations, among others. 

The investment will be used to accelerate the development of new product features and capabilities to offer CIOs and CFOs greater transparency and control of their SaaS tech stack.

The recently accelerated adoption of cloud and SaaS has created new challenges for CIOs, CFOs, and business users who monitor and manage technology access, compliance, and spend. 

The funds will be used to continue enhancing Cleanshelf’s product proposition with new functionalities and to expand the engineering and marketing and sales teams.

Dusan Omercevic, CEO at Cleanshelf said: “SaaS spend is growing rapidly, so CIOs and CFOs need more oversight than ever before on what they’re spending and whether this investment is really driving results.

“Cleanshelf is already working with major global companies to help them assess and easily understand this increasingly fundamental and complex part of day-to-day operations, and we will use this investment to expand the features of our products even further.”