VendorPM, a Toronto, Canada-based software-enabled marketplace for property managers to manage, source, and procure service vendors, announced that it raised $6 million in seed funding led by Bessemer Venture Partners as well as proptech and real estate investors.
The company intends to use the funds for continued product innovation, hiring of talent, as well as expansion plans into targeted growth markets across the US.
Company: VendorPM Ltd.
Round: Seed Round
Funding Month: February 2022
Lead Investors: Bessemer Venture Partners
Company Website: https://vendorpm.com/
Software Category: Property management software
About the Company: Led by Emiel Bril, CEO, VendorPM provides a SaaS-based centralized platform that allows property management companies to streamline and organize vendor data and operations. Thousands of property managers use VendorPM to organize all aspects of their vendor relationships and resources, while vendors use the platform to market their services and provide quotations and proposals. The platform supports 400+ building services across maintenance, operations, capital expenditures, and professional services. In less than 2 years, the company has scaled its business to cover more than 5,000 buildings, 30,000 vendors, and 100 property management firms, including notable relationships with BentallGreenOak, Cushman & Wakefield | Stevenson, and Avison Young.
Source: https://www.finsmes.com/2022/02/vendorpm-raises-6m-in-seed-funding.html https://vendorpm.com/blog-posts/canadian-proptech-startup-begins-expansion-into-the-us-market