Vendr

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Vendr is the world's first SaaS buying platform that helps companies find, buy, and manage software quickly and with guaranteed savings. The platform combines a product and people-powered service, enabling organizations to streamline the software purchasing process, reduce overspending, and eliminate duplicative products. Vendr harnesses insights from over 13,000 deals across more than 2,000 SaaS suppliers to facilitate critical transformation in how companies procure and manage software.

Through Vendr, businesses can maximize their return on SaaS investments by achieving cost savings, improving stack visibility across the organization, and accessing the best industry data. The platform offers insights and negotiation support to help buyers and sellers evaluate deal fairness, ensuring a smooth internal purchase process. It provides visibility into approval workflows and fast-tracked purchase request mechanisms, leading to smoother buyer-procurement relationships.

As of February 2023, Vendr's dynamic catalog, Explore, features over 19,000 software products, offering transparent market share insights, pricing trends, and compliance details. This empowers procurement teams to make informed decisions, compare alternatives, and identify opportunities for consolidation and cost optimization. Vendr guarantees fair pricing terms and risk-free purchases for many suppliers, buying out contracts if needed.

Vendr has processed over USD 1.5 billion in customer software spend and delivered over USD 240 million in savings. Its platform delights hundreds of customers, including Brex, Drift, and Dashlane. In June 2022, Vendr achieved a USD 1 billion valuation after raising USD 150 million in Series B funding led by Craft Ventures and SoftBank Vision Fund 2. The company has over 250 employees globally and is headquartered in Boston with a second location in Charleston, South Carolina.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
501 Boylston St 10th Floor Boston MA USA
Founded year:
2019
Employees:
251-500
IPO status:
Private
Total funding:
USD 216.0 mn
Last Funding:
USD 150.0 mn (Series B; Jun 2022)
Last valuation:
USD 1.0 bn (Jun 2022)
Key competitors
 
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