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 looking to organize events of various sizes. The platform allows users to search for and book venues, vendors, and agencies, offering services such as venue recommendations, industry news, networking opportunities, and job listings. This makes it a comprehensive resource for streamlining event planning. The Vendry's revenue model includes subscription fees for premium services, advertising for increased visibility, and commissions on bookings made through the platform. Its goal is to simplify the event planning process by connecting professionals with the necessary resources in a user-friendly manner.

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Simplify's Take

What believers are saying

• The rise of hybrid events offers opportunities for The Vendry to expand its tool offerings.
• Increased demand for data analytics in event planning can enhance The Vendry's service portfolio.
• Sustainability trends allow The Vendry to highlight eco-friendly venues and vendors.

What critics are saying

• Emerging platforms like Bizzabo and Eventbrite increase competition in the event planning space.
• Economic uncertainties may lead to reduced spending on events, affecting The Vendry's revenue.
• Privacy regulations like GDPR and CCPA could impose additional compliance costs.

What makes The Vendry unique

• The Vendry offers a comprehensive marketplace for event professionals, streamlining event planning processes.
• It provides unique RFP tools, exclusive job boards, and networking opportunities for event professionals.
• The Vendry's platform connects users with venues, vendors, and agencies in major urban markets.

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Funding

Total Funding

$6.5M

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