How Much Did Vendr Raise? Headquarters, Funding & Key Investors

Vendr has raised a total of $216 million across multiple funding rounds, including a $2 million seed round in October 2019, a $4 million seed round in June 2020, a $60 million Series A in March 2021, and a $150 million Series B in May 2022, reaching a $1 billion valuation as of June 2022. Founded in 2018 and headquartered in Boston, Massachusetts, Vendr provides a SaaS platform for software procurement, offering pricing transparency, negotiation insights, and contract management, helping companies optimize software spending while backed by investors like SoftBank Vision Fund, Craft Ventures, and Tiger Global Management.

How Much Did Vendr Raise? Funding & Key Investors

Vendr has raised significant capital across multiple funding rounds, attracting support from leading investors such as SoftBank Vision Fund and Sound Ventures. The platform provides pricing transparency and negotiation insights for software buyers, helping companies optimize software purchases, save costs, and streamline procurement processes.

What Is Vendr and What Does It Do?

Vendr, founded in 2018 by Aaron White and Ryan Neu, is headquartered in Boston, Massachusetts, United States, a central hub for technology and enterprise software innovation. The company provides a SaaS buying and management platform that empowers businesses to discover, buy, and manage their software stack efficiently.

With a team of 101-250 employees, Vendr offers tools for price estimation, comparison, and contract management, ensuring clients secure the best deals. The company’s mission is to bring transparency to software pricing, enabling companies to make informed decisions and achieve measurable savings.

How Much Funding Has Vendr Raised?

1. Seed Round

Amount Raised: $2 million
Date: October 2019
Lead Investors: F-Prime Capital
Motivation: To establish the company and develop the initial platform.

2. Seed Round

Amount Raised: $4 million
Date: June 2020
Lead Investors: Craft Ventures
Motivation: To expand the team and enhance platform capabilities.

3. Series A

Amount Raised: $60 million
Date: March 2021
Lead Investors: Tiger Global Management
Motivation: To scale operations and increase market reach.

4. Series B

Amount Raised: $150 million
Date: May 2022
Lead Investors: Craft Ventures, SoftBank Vision Fund
Motivation: To accelerate platform development and help organizations cut costs.

Total Funding Raised: $216 Million

Current Valuation: $1 Billion (as on Jun 2022)

Latest Funding Date: May 2022

Key Investors

1. Craft Ventures

Details: Craft Ventures is a venture capital firm co-founded by David Sacks. They focus on early-stage and growth-stage investments in technology companies.
Investment Focus Areas: Technology, SaaS, e-commerce.
Notable Investments: Airbnb, Slack, SpaceX.

2. SoftBank Vision Fund

Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Investment Advisers, known for large-scale investments in technology-driven companies.
Investment Focus Areas: AI, robotics, telecommunications.
Notable Investments: Uber, WeWork, ByteDance.

3. Tiger Global Management

Details: Tiger Global Management is an investment firm focused on public and private equity markets, investing across the technology, consumer, and industrial sectors.
Investment Focus Areas: Internet, software, consumer.
Notable Investments: Facebook, LinkedIn, Spotify.

4. F-Prime Capital

Details: F-Prime Capital is a global venture capital firm affiliated with Fidelity Investments that invests in healthcare and technology sectors.
Investment Focus Areas: Healthcare, technology, biotech.
Notable Investments: Ultragenyx, Denali Therapeutics, Cloudflare.

5. Sound Ventures

Details: Sound Ventures is a venture capital firm co-founded by Ashton Kutcher and Guy Oseary. They invest in early-stage and growth-stage technology companies.
Investment Focus Areas: Technology, media, consumer products.
Notable Investments: Airbnb, Uber, Spotify.

Where Is Vendr’s Headquarters?

Vendr is headquartered in Boston, Massachusetts, United States, a strategic location for access to enterprise software talent, venture capital, and proximity to major corporate clients.

What’s Next for Vendr?

With the enterprise software market projected to exceed $670 billion, Vendr is poised for growth by helping organizations manage software expenses efficiently. The company may pursue additional fundraising rounds or strategic acquisitions as it expands its platform and customer base.

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