What is Vendr?
Vendr operates as a SaaS buying platform, offering a unique combination of technology and human expertise to streamline the process of acquiring and managing software subscriptions. The platform is designed to help the world's fastest-growing companies achieve guaranteed savings on their SaaS purchases. By facilitating billions in SaaS transactions across thousands of suppliers, Vendr has become an indispensable tool for Finance and Procurement teams at prominent organizations, including HubSpot, Brex, Canva, Reddit, and Toast. The company's approach addresses the complexities and inefficiencies inherent in enterprise software procurement.
How much funding has Vendr raised?
Vendr has raised a total of $216M across 4 funding rounds:
Other Financing Round
$2M
Other Financing Round
$4M
Series A
$60M
Series B
$150M
Other Financing Round (2019): $2M with participation from F-Prime Capital
Other Financing Round (2020): $4M led by Craft Ventures
Series A (2021): $60M supported by Craft Ventures, Garage Capital Ventures Inc, F-Prime Capital, Y Combinator, Sound Ventures, and Tiger Global Ltd
Series B (2022): $150M featuring Craft Ventures, Sozo Ventures, and Softbank Vision Fund
Key Investors in Vendr
Craft Ventures
Craft Ventures is a venture firm focused on building great companies, particularly in the B2B technology sector. The firm is comprised of former founders and operators who provide valuable insights and access to senior talent for early-stage companies.
F-Prime Capital
Founded in 2002, F-Prime Capital provides a team of investors, engineers, doctors, and scientists dedicated to investing in health care and technology for other companies. F-Prime Capital is located in Massachusetts.
Softbank Vision Fund
SoftBank Vision Fund is a global investment fund that supports founders in building market-leading companies through its extensive ecosystem and capital resources. The fund focuses on the transformative power of technology, particularly in the AI sector, investing in hardware, infrastructure, and applications that drive innovation.
What's next for Vendr?
With the recent injection of $150M in strategic financing, Vendr is poised for accelerated growth and further innovation in the SaaS procurement landscape. This major enterprise-level funding is likely to be deployed towards expanding its service offerings, enhancing its technological infrastructure, and broadening its market reach. The company's trajectory suggests a continued focus on empowering businesses to achieve greater control and cost efficiencies in their software spending, solidifying its position as a leader in this specialized market.
See full Vendr company page
