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Vendorpm Closes $20M Series A To Scale Commercial Real Estate Vendor Marketplace Across North America

Aug 23, 2022•almost 3 years ago

Amount Raised

$20 Million

Round Type

series a

TorontoSoftwareCommunity And Lifestyle

Description

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 Information

Company

VendorPM

Location

Toronto, Ontario, Canada

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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