Vendorpm Closes $20M Series A To Scale Commercial Real Estate Vendor Marketplace Across North America
Vendorpm Closes $20M Series A To Scale Commercial Real Estate Vendor Marketplace Across North America
08/23/22, 1:06 PM
Location
toronto
Money raised
$20 million
Industry
software
community and lifestyle
Round Type
series a
VendorPM, a marketplace connecting building managers and service vendors, today announced that it has raised $20 million in Series A funding led by Prudence with significant contribution from Bessemer Venture Partners, Navitas Capital and Alate Partners. Strategic investors in the round include Colliers and RXR alongside notable angels; Dick Costolo (Former CEO of Twitter), Mark Rose (Chair & CEO of Avison Young) and others.
Company Info
Location
toronto, ontario, canada
Additional Info
The startup currently manages a two-sided marketplace across Canada in support of both property managers and service vendors. The platform supports over 400 building services across maintenance, operations, capital expenditures and professional services. The company aims to enhance day-to-day efficiency for site staff while enhancing visibility and control for head offices across four core functions, which include vendor management, sourcing, procurement and compliance. VendorPM says property managers turn its platform to organize their vendor relationships and resources, while vendors use the platform to market their services and provide quotations and proposals.