Vendavo

Vendavo

Pricing and sales solutions for B2B

About Vendavo

Simplify's Rating
Why Vendavo is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Enterprise Software

AI & Machine Learning

Company Size

501-1,000

Company Stage

Series E

Total Funding

$51.5M

Headquarters

Denver, Colorado

Founded

1998

Overview

Vendavo provides pricing and selling solutions aimed at helping businesses increase their profitability and growth, particularly in the B2B sector. Their software utilizes artificial intelligence to enhance pricing strategies and sales processes, offering tools like pricing guidance, sales strategy services, and Configure Price Quote (CPQ) systems. CPQ systems enable businesses to generate accurate quotes quickly by considering various pricing factors and customer specifics. Vendavo distinguishes itself from competitors through its strong partner network and focus on industries such as metals and mining, ensuring comprehensive support and integration for clients. The company's goal is to empower B2B enterprises to optimize their pricing models and improve profit margins, ultimately leading to sustainable commercial success.

Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven pricing solutions market is projected to reach $3.1 billion by 2025.
  • Digital transformation in manufacturing aligns with Vendavo's commercial transformation focus.
  • Rising demand for SaaS-based pricing solutions supports Vendavo's growth strategy.

What critics are saying

  • Increased competition from CPQ vendors like Salesforce and Oracle threatens market share.
  • Implementing AI in pricing strategies poses significant challenges for Vendavo.
  • Economic volatility requires Vendavo to continuously adapt its solutions.

What makes Vendavo unique

  • Vendavo leverages AI to optimize B2B pricing and sales strategies effectively.
  • The company offers a comprehensive suite of pricing and rebate management solutions.
  • Vendavo's strong partnerships, like with Oracle, enhance its SaaS capabilities.

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Funding

Total Funding

$51.5M

Below

Industry Average

Funded Over

3 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Below Average

Industry standards

$100M
$15M
Vendavo
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Benefits

Remote Work Options

Flexible Work Hours

Paid Vacation

Life Insurance

Disability Insurance

401(k) Retirement Plan

Health Insurance

Phone/Internet Stipend

Performance Bonus

Company Social Events

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

3%

2 year growth

3%
PR Newswire
Nov 21st, 2024
2025 Pricing Considerations Identified In New Research From Experis Pricing Solutions And Vendavo

C-suites in U.S. and European manufacturing and distribution sectors report optimism and anticipate shifting buyer sentiment in 2025. MILWAUKEE, Nov. 21, 2024 /PRNewswire/ -- Experis Pricing Solutions, a leader in pricing strategies, in collaboration with Vendavo, the global leader in B2B pricing, selling, and rebate management solutions, has released the 2025 Pricing for Profitable Growth Outlook. This report provides insights from C-suite leaders on key pricing considerations for 2025, including adapting pricing models for economic growth, addressing market pressures, and meeting evolving buyer expectations

IT Press Releases
Oct 1st, 2024
The Top Configure Price Quote Software Vendors According to the FeaturedCustomers Fall 2024 Customer Success Report

Market Leaders - Cincom, CloudSense, Conga, Experlogix, Oracle CPQ, PROS, Salesforce CPQ, Tacton, Vendavo, and Zuora were given the highest "Market Leader" award.

PR Newswire
Aug 7th, 2024
New Vendavo Research Reveals Top Growth Strategies In Manufacturing And Distribution

Channel/partner programs, rebate management, price optimization, and RevOps are leading strategies; implementing AI is the biggest challengeDENVER, Aug. 7, 2024 /PRNewswire/ -- CFOs in manufacturing and distribution report using a mix of financial strategies to drive growth and profitability, according to new research from Vendavo, the global leader in B2B pricing, selling, and rebate solutions. The 2024-2025 Top Growth Drivers Report for Manufacturing and Distribution reveals top strategies and their implications.Vendavo's research found manufacturers and distributors in North America and Europe are driving growth today and into 2025 by enhancing channel/partner programs (60%), implementing a rebate/incentive program (56%), optimizing prices (54%), and using advanced sales processes and tools, or revenue operations (RevOps) (54%)."A volatile global economic economy is causing manufacturers and distributors to shift their financial strategies out of the status quo and into a mix of strong partnerships, smart pricing, and advanced sales and incentive initiatives," said Eric Carrasquilla, CEO, Vendavo. "Unifying pricing, selling, and rebate strategies is key to growth."Customer behaviors and sentiments are evolving with economic conditions. Carrasquilla noted that a detailed understanding of market expectations paired with a quick response is the goal, because there's no such thing as an effective one-size-fits-all response anymore. Manufacturers and distributors report they have ramped up their systems and processes enough to respond to change - 100% are confident they can do so

PR Newswire
Aug 29th, 2023
Vendavo Revela Que Las Organizaciones Están Cambiando Sus Estrategias De Precios

- Vendavo revela que las organizaciones están cambiando sus estrategias de precios para mejorar la agilidad en un nuevo informeLa volatilidad económica global pone cada vez más la autoridad de fijación de precios en manos de ventas y marketing, según el Informe de excelencia de precios y perspectiva 2024 de Vendavo y Copperberg.DENVER, 29 de agosto de 2023 /PRNewswire/ -- Los cambios de precios rápidos y fluidos son cada vez más necesarios a medida que las organizaciones atraviesan una volatilidad económica persistente. La forma en que están logrando tal agilidad se detalla en el Informe de excelencia de precios y perspectiva para 2024 publicado hoy por Vendavo , líder del mercado global en soluciones de precios, ventas y reembolsos B2B y socio de investigación, Copperberg.La necesidad de prácticas comerciales ágiles ha acelerado la importancia y el alcance de la función de fijación de precios B2B. Para que las organizaciones gestionen los objetivos de ingresos y las expectativas cambiantes de los clientes, han trasladado la autoridad de fijación de precios a ventas y marketing (56 %), un aumento del 24 % desde 2022. La medida elimina las responsabilidades de fijación de precios de la línea de negocio (14 %) y las finanzas (7 %). – bajaron un 19 % combinado durante 2022."Los equipos de ventas y marketing están muy cerca de las expectativas de los clientes, por lo que transferirles las responsabilidades de fijación de precios es bueno, pero también podría ser un arma de doble filo si la organización no tiene cuidado con el establecimiento de objetivos", afirmó Mitch Lee, evangelista de precios de Vendavo. "Si su equipo de ventas y marketing se centra únicamente en más acuerdos, eso podría ir en detrimento de la rentabilidad de la empresa".Para que los equipos de ventas y marketing maximicen el poder del precio correcto, en el momento correcto, para el producto correcto, logrando así más acuerdos rentables, el Informe de excelencia de precios y perspectiva para 2024 también analizó qué conjuntos de habilidades estaban en demanda, qué modelos de precios estábamos usando, y si la IA respaldará o no los esfuerzos de fijación de precios

The Blockchain Examiner
Aug 8th, 2023
Vendavo collaborates with Oracle to deliver enhanced SaaS Rebate and Channel incentive capabilities

Vendavo collaborates with Oracle to deliver enhanced SaaS Rebate and Channel incentive capabilities.

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