Stackpack, a fast-growing AI-powered vendor and spend management platform, has raised $6.3 million in seed funding to further its mission of transforming how finance and IT teams manage software stacks. The round was led by Freestyle Capital, with participation from Elefund, Upside Partnership, Nomad Ventures, Layout Ventures, and the MSIV Fund. The company also gained support from notable senior operators from Intuit, Workday, Affirm, Airbnb, Snapdocs, and xAI.
Designed to act as an intelligent agent for businesses, Stackpack’s platform automatically extracts key terms from vendor contracts, flags risks, and takes proactive actions on behalf of customers. It provides finance and IT teams with a single source of truth across critical areas like contract renewals, vendor ownership, shadow IT, compliance gaps, and cost optimization.
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“In most companies, managing software vendors is chaotic and reactive. Stackpack changes that by using AI to make the process intelligent, proactive, and efficient,” the company shared in a statement.
In just a few months, Stackpack has already onboarded more than 50 companies, managing over 10,500 vendors and $510 million in spend. Notable clients include Every Man Jack, Rho, HouseRx, Fexa, and ZeroEyes.
The new funding will support the expansion of Stackpack’s core Stack Management platform and accelerate the launch of its upcoming Requests & Approvals product, currently in beta. The tool aims to simplify how companies evaluate and approve vendor requests, further streamlining the software procurement lifecycle.
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Stackpack’s broader vision is to help companies not just track and manage vendors, but also discover the right partners, negotiate smarter terms, and build a more strategic relationship with their software stack.
With this fresh infusion of capital and industry support, Stackpack is well-positioned to become an indispensable tool for modern finance and IT operations teams.
