Claret Capital Partners backs SaaSrooms to accelerate growth

We are pleased to announce an investment by the Claret European Growth Capital Fund IV in SaaSrooms, a leading enterprise platform dedicated to transforming the way organisations discover, buy and manage their software and cloud subscriptions.

Founded in 2022, SaaSrooms leverages over 40 years of collective experience in data transformation and procurement, helping organisations automate Technology spend management and unlock measurable value at scale.

With businesses spending over $150 billion annually on SaaS across more than 15,000 software vendors, plus billions more on cloud infrastructure and other technology solutions, an estimated 20% of these technology subscriptions and services typically go unused or underutilized. SaaSrooms addresses this challenge by automating contract negotiations and the removal of tech waste, enabling organisations to optimise and control their entire technology portfolio across SaaS, cloud services, and other tech-related expenses.

With a growing presence across the US and Europe, since launch, their team has delivered huge savings for organisations ranging from start-ups to global enterprises. SaaSrooms’ cutting-edge technology is trusted by world-class brands and organisations of all sizes, including Sandoz, Carlyle Group, JLL, and IFF.

With Claret’s funding, the team will continue to invest in product development and innovation, fuelling growth and market expansion.

Antony Baker, Senior Investment Director at Claret Capital Partners comments:

“We’re excited to be backing Philip and the team at a pivotal moment in their growth journey, and see a significant market opportunity. Managing a company’s tech stack is becoming increasingly complex and there is ever-growing scrutiny on opex budgets – SaaSrooms is directly addressing these challenges with a solution that delivers a clear ROI for its customers.”

Philip Allouche, CEO & Founder of SaaSrooms said:

“This investment from Claret Capital Partners marks a pivotal moment in our mission to transform how organizations manage their SaaS and cloud investments. Having spent over two decades in procurement and seeing firsthand the complexities companies face with unmanaged software sprawl, we built SaaSrooms to bring intelligence and automation to what has traditionally been a manual, fragmented process. With Claret’s support, we’re positioned to accelerate our product innovation and expand our reach across global markets. The demand for SaaS optimization is only growing, and we’re excited to help more organizations unlock significant value from their technology investments while reducing risk and improving compliance.”