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Industrials
In the fast-paced world of tech startups, few companies have managed to capture attention quite like Vertice. Based in London, Vertice has emerged as a leader in digital procurement solutions, particularly focusing on optimizing software and cloud computing costs for businesses. Recently, it was named the top spot on the Sifted 100: UK & Ireland Leaderboard for 2025, solidifying its position as the UK's fastest-growing startup. This article delves into the reasons behind Vertice's rapid growth and explores the innovative solutions it offers.
Vertice was founded by brothers Eldar and Roy Tuvey in 2021. Their mission is clear: to simplify procurement processes by making every buying decision faster, more transparent, and enriched with data insights. The company aims to create a unified procurement experience that empowers businesses to scale efficiently. With a strong focus on control, visibility, and transparency, Vertice provides a platform that is trusted globally and loved by users for its user-friendly features[2].
One of the key factors contributing to Vertice's success is its use of artificial intelligence (AI) to optimize SaaS and cloud spend. By leveraging AI, Vertice helps finance and procurement leaders to automate spend management and halve procurement cycles while cutting costs by up to 30%[4]. This innovative approach addresses the pain points associated with traditional procurement processes, such as manual contract management and inflated costs due to lack of transparency.
Vertice's growth has been phenomenal, with a compound annual growth rate (CAGR) of 689% between 2022 and 2024[1]. The company has raised significant funds, including a recent $50 million investment to further expand its capabilities[3]. This level of financial support underscores the confidence investors have in Vertice's vision and potential for future growth.
Vertice's success is not just about its own business growth; it also represents a broader shift in the procurement industry. As companies increasingly adopt digital solutions to streamline operations and cut costs, Vertice is at the forefront of this trend. Its focus on advanced procurement practices has not only helped companies save money but also provided a competitive advantage by making procurement more efficient and strategic.
With offices in New York, Sydney, Brno, and Singapore, besides its London headquarters, Vertice is well-positioned for global expansion[2]. The company's commitment to simplifying procurement has resonated with visionary startups and industry leaders worldwide. As the global IT market continues to grow, with a projected increase of 9.8% in 2025[3], Vertice is poised to play a significant role in helping businesses optimize their tech spending.
Vertice's rapid ascent to the top of the UK's startup scene is a testament to the power of innovation and strategic problem-solving. By addressing the challenges associated with software and cloud procurement, Vertice offers businesses a unique opportunity to streamline operations and save costs. As the company continues to expand and evolve, its impact on the procurement industry is likely to be profound, setting new standards for efficiency and transparency.
