New Momentum for Reform of Media Concentration Control
2 May 2025
Cologne based start-up Sastrify has raised USD 15 million from investors. The Series A financing round was led by US venture capital investor FirstMark Capital. Sastrify manages the cost-efficient procurement of enterprise software for companies. The raised capital will be used to continue the international expansion in the US, Asia and Europe.
Hengeler Mueller advised FirstMark on the transaction. The team included partners Jens Wenzel (Venture Capital/M&A, Berlin) and Hendrik Bockenheimer (Employment, Frankfurt), counsel Matthias Berberich (IP/IT, Berlin) as well as associates Theresa Scharff (Venture Capital/M&A), Amit Datta (IP/IT) (both Berlin) and Selina Rohr (Employment, Frankfurt).
