Vendr, Inc. Overview
Pro stress-test →Vendr is the modern way companies buy and renew SaaS, acting as the centralized purchasing function for organizations to free up stakeholder time and save material amounts of money whenever software is purchased or renewed. Founded in Boston in 2018 by Ryan Neu, who recognized after running sales teams at HubSpot and Invision that the way people were buying software was broken.
Strategic Profile
Pro stress-test →Vendr has processed over $1.5B in transactions from over 2,000 suppliers with customers like Webflow, Canva, and Lattice, with 300+ employees and a $150M Series B round at a $1B valuation. The company targets the inefficiency in B2B software sales where the average SaaS sales cycle takes 85 days, representing a failure for both buyers and sellers.
Competitive Landscape
Pro stress-test →Vendr competes in the SaaS procurement and management space against platforms offering software procurement, vendor management, and cost optimization tools. The company differentiates through a full-service model where Vendr handles the entire purchasing process end-to-end, including approval workflows across finance, security, and legal functions.
Industry Context
Vendr, Inc. operates in SaaS Procurement and Software Management.
Key facts
Founded: 2018 · Headquarters: Charleston, US · Employees: 300+ · Revenue: N/A · Market cap: N/A