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VNDLY Receives $8.5 Million in Series B-1 Funding from Madrona Venture Group

May 05, 2020•about 5 years ago

Amount Raised

$8.5 Million

Round Type

series b

Cincinnati

Description

 VNDLY, a leading cloud-based workforce management systems provider, announced its most recent round of Series B-1 funding -- $8.5 million led by Madrona Venture Group. Madrona's Steve Singh will join the VNDLY board. This brings the company's external funding total to $57.5 million, with the previous Series B investments totaling $35 million in 2019. Madrona Venture Group is a Seattle-based venture firm that has backed many industry-defining technology companies like Amazon, Smartsheet, and Snowflake.

Company Information

Company

Vndly

Location

Cincinnati, Ohio, United States

About

Founded in 2017, VNDLY transforms how companies manage the contingent workforce. With its SaaS Work Management System (WMS), companies can manage the entire non-employee engagement lifecycle from talent acquisition to training to payment and offboarding. VNDLY serves as the ERP system of record for multiple Fortune 500 companies to manage their entire contingent and non-employee workforce on a single platform. VNDLY is a cloud-native platform that helps simplify the implementation, integration, and change management aspects compared to legacy VMS solutions. The VNDLY platform is composed of four modules: contingent workforce management, statement of work (SOW) management, independent contractor (IC) compliance, and total talent acquisition. For more information, please visit www.VNDLY.com.