Overview

The Vendry operates in the event planning and hospitality industry, providing a marketplace and community platform for event professionals. It caters to corporate clients, event planners, and hospitality experts who need to organize various events, from small meetings to large corporate gatherings. The platform allows users to search for and book venues, vendors, and agencies, making it easier to plan events. It also offers services like venue recommendations, industry news, networking opportunities, and job listings, serving as a comprehensive resource for event professionals. The Vendry differentiates itself from competitors by combining subscription fees, advertising, and commission-based revenue, allowing users to access premium features and increased visibility. The goal of The Vendry is to simplify the event planning process by connecting professionals with the necessary resources in a user-friendly manner.

Simplify's Take

What believers are saying

• Increased demand for hybrid events is driving innovation in event technology.
• The rise of AI-driven personalization tools offers more tailored event experiences.
• Sustainability in events is becoming a key focus, meeting client demands.

What critics are saying

• Increased competition from platforms like Eventbrite and Cvent.
• Economic uncertainty may reduce corporate spending on events.
• Privacy concerns related to data collection could lead to regulatory challenges.

What makes The Vendry unique

• The Vendry offers a comprehensive marketplace tailored for event professionals.
• It provides free RFP tools, exclusive job boards, and networking opportunities.
• The platform targets major urban markets like New York City and San Francisco.

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Funding

Total Funding

$6.3M

Above

Industry Average

Funded Over

1 Rounds

$6,500,000

Seed

Sep 2021

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$6.5M