Vendr

Vendr

Simplifies software procurement and cost savings

About

Vendr simplifies the software procurement process for companies, particularly targeting finance and procurement leaders. Its platform provides access to a marketplace of software options, private offers, and a community of software buyers. Key features include pricing benchmarks that allow clients to compare their software costs with industry standards, ensuring they secure the best deals. Vendr also automates procurement and offers integrations to streamline the buying process. Unlike competitors, Vendr does not charge clients for its services; instead, it earns revenue through partnerships with software vendors, leveraging its negotiating expertise to help clients save an average of 17% on software purchases. The company's goal is to make software procurement easier and more cost-effective while continuously improving its offerings through the use of anonymized aggregate data, all while prioritizing data privacy.

Company Stage

Series B

Employees

201-500

Industries

Data & Analytics, Enterprise Software

Total Funding

$216.9M

Headquarters

N/A

Founded

2019


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Simplify's Take

What believers are saying

  • Vendr's recent $150MM Series B funding and Unicorn status highlight its strong financial health and growth potential.
  • The launch of new features like Workflows and Explore demonstrates Vendr's commitment to innovation and enhancing user experience.
  • Recognition as a 'Great Place to Work' and inclusion in Built In's 'Best Places to Work' awards indicate a positive and supportive work environment.

What critics are saying

  • The increasing prices of software, as seen with Salesforce's recent price hikes, could challenge Vendr's ability to secure cost savings for clients.
  • Reliance on partnerships with software vendors for revenue may limit Vendr's flexibility and bargaining power.

What makes Vendr unique

  • Vendr's unique pricing benchmarks and procurement automation set it apart by providing clients with unparalleled cost savings and streamlined purchasing processes.
  • The company's revenue model, which relies on partnerships with software vendors rather than charging clients, offers a no-cost service to clients, making it highly attractive.
  • Vendr's use of anonymized aggregate data to refine its offerings ensures continuous improvement and relevance in the software procurement market.

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Growth & Insights
Headcount

6 month growth

-6%

1 year growth

-24%

2 year growth

-20%

Benefits

Unlimited vacation policy

Paid holidays

Paid sick days

Parental leave & flexible scheduling

Health, dental and vision insurance with 100% paid premiums

401k

Company equity

Performance bonuses

Wellness and mental health reimbursement budgets

Equipment budget

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