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Vendr Raises $150Mm Series B To Help Cfos Reduce Software Expense

Jun 16, 2022•over 3 years ago

Amount Raised

$150 Million

Round Type

series b

Description

Vendr, the world’s first SaaS buying platform, today announced it raised $150 million in Series B funding 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 Information

Company

Vendr

About

Vendr is changing how companies discover, buy, and renew 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.

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Funding Insights

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