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