Vendorvue, a Ghent, Belgium-based AI-driven SaaS platform for vendor compliance, has raised €1.4 million in funding.
Investors
The round was led by Pitchdrive and Syndicate One, with additional support from business angels.
Founded in 2018, Pitchdrive is a venture capital investment firm that backs founders with the right execution mindset, helping them turn good ideas into great companies. The firm invests in pre-seed and seed rounds in B2B SaaS, marketplaces, e-commerce, and software-driven hardware sectors.
Syndicate One is an angel investment group based in Belgium that focuses on early-stage tech startups. Founded in early 2022, Syndicate One aims to accelerate the growth of Belgium’s tech ecosystem by supporting early-stage companies.
Vendorvue Use of Funds
The company will use the funding to enhance its AI-driven platform, grow its team, and expand its operations across Europe.
About Vendorvue
Founded by Michiel Bearelle, Jean-Marc Bosschem, and Anthony Ringoet, Vendorvue provides an AI-powered platform that supports every stage of the vendor compliance lifecycle, from initial onboarding to ongoing monitoring and audits. Its platform automates the collection, validation, and tracking of compliance documents. The platform is trusted by several companies, including Revor, Unilin, Renson, and Agristo.
Funding Details
Company: Vendorvue
Raised: €1.4M
Round: Undisclosed
Funding Date: October 2024
Lead Investors: Pitchdrive, Syndicate One
Additional Investors: Business Angels
Company Website: https://www.vendorvue.io/
Software Category: Vendor Management
Source: https://tech.eu/2024/10/16/vendorvue-raises-1-4m-for-automated-compliance-software/