Vendr Raises $150 Million in Series B

by Kay Aloha Villamor in June 17th, 2022

Vendr a Boston, MA.- based the world’s first SaaS buying platform, has announced that it raised $150 million in Series B funding.

The round was co-led by return investor Craft Ventures and new investor SoftBank Vision Fund 2 and joined by Sozo Ventures, F-Prime Capital, Sound Ventures, Tiger Global, and Y Combinator.

The new funding will accelerate platform development, helping organizations cut costs, manage their second-highest expense - software - and reduce risk in light of the economic downturn.

Company: Vendr, Inc.

Raised: $150.0M

Round: Series B

Funding Month: June 2022

Lead Investors: Craft Ventures and SoftBank Vision Fund 2

Additional Investors: Sozo Ventures, F-Prime Capital, Sound Ventures, Tiger Global, and Y Combinator

Company Website: https://www.vendr.com/

Software Category: SaaS buying platform

About the Company: Vendr is changing how companies find, buy and manage SaaS. The first of its kind, Vendr's SaaS buying platform offers both a product and people-powered service to enable the world's fastest-growing companies to purchase software quickly and with guaranteed savings. Today, Vendr has facilitated over $1B+ in SaaS purchases across 1,200+ suppliers for Finance and Procurement teams at HubSpot, Brex, Canva, Reddit, Toast, and more. Headquartered in Boston with a second location in Charleston, Vendr was founded in 2019 by Ryan Neu and co-founders Ariel Diaz and Aaron White, who joined the team through the acquisition of Blissfully in 2022. 

Source: https://www.businesswire.com/news/home/20220615006145/en/Vendr-Raises-150MM-Series-B-to-Help-CFOs-Reduce-Software-Expense




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