Vendr

Vendr

Simplifies software procurement and cost savings

About Vendr

Simplify's Rating
Why Vendr is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Consumer Software

Enterprise Software

Company Size

201-500

Company Stage

Series B

Total Funding

$274.3M

Headquarters

Boston, Massachusetts

Founded

2019

Overview

Vendr simplifies the process of procuring software for companies, particularly focusing on 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 processes and offers integrations to streamline buying. 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 data, all while prioritizing data privacy.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • Vendr's Series B funding supports rapid growth and market expansion opportunities.
  • Integration with AWS Marketplace simplifies procurement for AWS customers, broadening Vendr's reach.
  • Growing demand for procurement automation tools aligns with Vendr's core offerings.

What critics are saying

  • Rising SaaS costs may challenge Vendr's ability to secure savings for clients.
  • Dependence on AWS Marketplace could impact service quality if AWS faces issues.
  • Rapid expansion may strain Vendr's ability to maintain its acclaimed company culture.

What makes Vendr unique

  • Vendr offers unique pricing benchmarks for SaaS procurement, ensuring competitive deals.
  • The platform integrates with AWS Marketplace, enhancing scalability and flexibility for users.
  • Vendr's acquisition of Blissfully expands its SaaS management capabilities for comprehensive solutions.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$274.3M

Above

Industry Average

Funded Over

5 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$150M
Vendr

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

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

-2%

2 year growth

5%
PR Newswire
Dec 6th, 2024
Vendr Announces Integration With Buy With Aws, Offering Simplified Procurement For Aws Customers

BOSTON, Dec. 6, 2024 /PRNewswire/ -- Vendr, the modern platform to buy and sell software at fair prices, today announced its integration with Buy with AWS, a new feature now available through AWS Marketplace. By implementing Buy with AWS, Vendr now provides simplified software buying experiences for customers on its website, powered by AWS Marketplace, a digital store that makes it easy for customers to find, buy, deploy, and manage software and services from AWS Partners

PYMNTS
Jul 11th, 2023
Salesforce Debuts Ai Products And Raises List Prices

After seven years of no increase in list prices, Salesforce will be increasing the average list price globally by 9% in August.Salesforce is raising the cost of Sales Cloud, Service Cloud, Marketing Cloud, Industry and Tableau, the company said in a Tuesday (July 11) press release.“Salesforce’s last list price increase was seven years ago, and since then the company has delivered 22 new releases, thousands of new features — including recent generative [artificial intelligence (AI)] innovations — and invested more than $20 billion in research and development,” the company said in the release.The new list pricing will be $80 for Professional Edition (up $5), $165 for Enterprise Edition (up $15) and $330 for Unlimited Edition (up $30) to all new and existing customers purchasing new clouds, according to the release.Generative AI features can add cost to tech companies’ offerings because of the amount of computing resources they require, Bloomberg reported Tuesday.There have been broad price increases across many software providers this year, with procurement startup Vendr reporting that its customers have seen a 35% increase since 2022, the report said.In one of Salesforce’s latest additions, the firm said in June that it introduced AI Cloud, a suite of capabilities designed to deliver real-time generative AI experiences across applications and workflows within the platform.This new suite of capabilities enables sales representatives to auto-generate personalized emails tailored to their customers’ needs, and service teams to auto-generate personalized agent chat replies and case summaries.In April, Salesforce rolled out a version of its Commerce Cloud for the healthcare field, with a HIPAA-compliant platform that is designed to streamline healthcare commerce experiences while reducing costs.The platform’s new features let healthcare and life sciences organizations sell directly to their customers, automate B2B sales and improve service through streamlined order support.“As the healthcare industry’s digital transformation continues, organizations that don’t offer online commerce channels run the risk of losing both customers and revenue to their competition,” Salesforce said at the time

SYP Studios
Mar 29th, 2023
Vendr Raises $60M Series A, Aims to Be the ‘Holy Grail’ of B2B Sales

Vendr, a Boston-based startup that helps major companies like the Washington Post and HubSpot bring on new SaaS vendors with ease, announced Monday it closed on a massive $60 million Series A led by Tiger Global Management.

Enterprise Times
Mar 16th, 2023
MillerKnoll opts for Amperity CDP -

SaaS buying platform Vendr has launched Workflows, a new feature allowing customers to define, automate, and scale their procurement processes.

Business Wire
Feb 23rd, 2023
Vendr Launches Explore to Help Companies Make Faster, Informed SaaS Purchases | Business Wire

Leading SaaS buying platform Vendr today announced the launch of Explore, a dynamic catalog of the entire software ecosystem built to help companies make faster and more informed purchasing decisions.

Recently Posted Jobs

Sign up to get curated job recommendations

There are no jobs for Vendr right now.

Find jobs on Simplify and start your career today

💡
We update Vendr's jobs every 8 hours, so check again soon! Browse all jobs →