Vendr

Streamlines software procurement for cost savings

Boston, Massachusetts, United States

About Vendr

Vendr simplifies the process of procuring software for companies, particularly focusing on finance and procurement leaders. Its platform provides access to a marketplace of software options, private offers, and a community of software buyers. Key features include pricing benchmarks that allow clients to compare their software costs with industry standards, ensuring they secure the best deals. Vendr also automates procurement processes and offers integrations to streamline buying. Unlike competitors, Vendr does not charge clients for its services; instead, it earns revenue through partnerships with software vendors, leveraging its negotiating expertise to help clients save an average of 17% on software purchases. The company's goal is to make software procurement easier and more cost-effective while continuously improving its offerings through the use of anonymized aggregate data, all while prioritizing data privacy.

Boston, MassachusettsHeadquarters
2019Year Founded
$274.3MTotal Funding
SERIES_BCompany Stage
Data & Analytics, Consumer Software, Enterprise SoftwareIndustries
201-500Employees

Benefits

Unlimited vacation policy
Paid holidays
Paid sick days
Parental leave & flexible scheduling
Health, dental and vision insurance with 100% paid premiums
401k
Company equity
Performance bonuses
Wellness and mental health reimbursement budgets
Equipment budget

Risks

Vendr faces competition from platforms like Dialpad with expanding AI capabilities.
Salesforce's price increases may affect Vendr's client satisfaction and retention.
Vendr's dependency on AWS Marketplace could pose risks if AWS changes policies.

Differentiation

Vendr offers a unique SaaS buying platform with comprehensive procurement automation.
Vendr's pricing benchmarks ensure clients get the best software deals available.
Vendr's acquisition of Blissfully enhances its SaaS management capabilities.

Upsides

Vendr's integration with AWS Marketplace simplifies procurement for AWS customers.
The $150M Series B funding boosts Vendr's growth and expansion potential.
Vendr's Great Place to Work certification enhances its employer brand and talent acquisition.

Funding

Total raised$274.31 M
Latest valuation$1.00 B
StageSERIES_B
LATE VC
1/31/2022
$66
$330.00 M
EARLY VC
5/31/2020
$4
$20.00 M