About Vendr
Vendr is a Boston-based SaaS buying platform founded in 2019 that assists finance and procurement teams in software purchases, negotiations, and renewals. It maintains the largest dataset in the category, covering thousands of vendors like Slack and Zoom. Vendr acquired Blissfully in 2022 to bolster management features and has processed over $3 billion in SaaS transactions.
Founded
2019
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$20M (Jun 2022)
Valuation
$1B (Jun 2022)
Vendr Acquisition
Vendr was acquired by Vertice for an undisclosed price on 31 May 2026.
Before the acquisition Vendr had raised $216M across 4 funding rounds.
Vertice acquired Vendr in June 2026 in a strategic combination aimed at creating the world’s largest procurement intelligence dataset and expanding autonomous AI negotiation capabilities. The announcement did not disclose the purchase price, deal structure, or any earn-out or stock component. The combined platform is described as covering more than $75 billion in global indirect spend across 32,000 vendors and 250,000 negotiated contracts, positioning the business around software pricing intelligence and procurement automation. The strategic rationale centers on pairing Vertice’s AI procurement platform with Vendr’s software pricing and negotiation intelligence to strengthen benchmark data, improve negotiation outcomes, and support more informed enterprise software purchasing decisions. The combined dataset is intended to deepen market coverage and improve AI-driven procurement workflows. Vendr is a US software pricing leader focused on software pricing and negotiation intelligence for procurement and finance teams. Its reported revenue reached USD 94.8 million in 2024, based on available company revenue data. No EBITDA, valuation, employee count, or other operating metrics were disclosed.
| Acquirer | Date | Type |
|---|---|---|
| 31 May 2026 | Strategic M&A |
Vendr Valuation
Vendr is currently valued at $1B, based on its Series B in June 2022.
The $150M round was led by Craft Ventures and SoftBank Group, with participation from Sozo Ventures, Sound Ventures, Y Combinator, F-Prime and Tiger Global.
Vendr's valuation has grown 1.7x from $600M at its Series A in March 2021 to $1B in June 2022, across 2 priced rounds.
Vendr valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2022 | Series B | $1B | 50.0x |
| Mar 2021 | Series A | $600M | 30.0x |
Vendr Revenue
Vendr's latest recorded revenue is $20M, as of its Series B in June 2022. At a $1B valuation, that implies a 50.0x revenue multiple.
Revenue moved from $20M in March 2021 to $20M in June 2022, while the revenue multiple moved from 30.0x to 50.0x.
Vendr revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2022 | $20M | $1B | 50.0x | Series B |
| Mar 2021 | $20M | $600M | 30.0x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Vendr Funding History
Vendr has raised a total of $216M across 4 funding rounds.
Vendr's first fundraising round was a $2M seed round in October 2019. The most recent completed round was a $150M Series B in June 2022.
Vendr funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Series B | Craft Ventures (lead); SoftBank Group (lead); Sozo Ventures; Sound Ventures; Y Combinator; F-Prime; Tiger Global | $150M | $1B | Vendr is the world's first SaaS buying platform, helping companies find, buy, negotiate, and manage software expenses, with data from tens of thousands of deals across thousands of providers. It supports procurement leaders in securing fair prices and maximizing ROI on software, the second-largest expense for many businesses after payroll. Customers include Brex, Lattice, and Hubspot. In June 2022, Vendr raised a $150 million Series B round co-led by Craft Ventures and SoftBank Vision Fund 2, with participation from F-Prime Capital, Sound Ventures, Sozo Ventures, Tiger Global, and Y Combinator. The round valued the company at $1 billion post-money, achieving unicorn status amid economic uncertainty. Funds were earmarked to accelerate platform development, cut software costs, manage expenses, and reduce procurement risks. At the time, Vendr demonstrated strong product-market fit with consistent sales forecast exceedance and efficient burn multiples, as noted by Craft Ventures. By December 2023, it served over 500 customers, supported $2.5 billion in SaaS purchases across 2.6K suppliers, and claimed $250 million in customer savings. Earlier traction included 3x revenue growth in 2021 implying $12 million, with unverified 2023 estimates at ~$94 million, but no contemporaneous revenue or ARR figures for the round. This brought total funding to $216 million across rounds including seed investments from Craft Ventures and F-Prime, and a $60 million Series A led by Tiger Global. The investment underscores the growing need for SaaS management amid exploding vendor stacks, now over 200 per mid-size company. |
| Mar 2021 | Series A | Tiger Global (lead); Sound Ventures; Y Combinator; F-Prime; Garage Capital; Craft Ventures | $60M | $600M | Vendr is a startup in the e-commerce software space focused on procurement and SaaS spend management. In March 2021, Vendr announced a $60 million Series A funding round led by Tiger Global, with participation from investors including Craft Ventures, F-Prime Capital, Garage Capital, Sound Ventures, and Y Combinator, valuing the company at $600 million post-money. This round exemplified Tiger Global's aggressive investment strategy during the 2021 bull market, where the firm frequently led deals with minimal equity stakes—equivalent to about 10% for Vendr—and rapid closing processes to outpace competitors. The funding highlighted Tiger Global's approach of providing capital with few strings attached, appealing to founders seeking quick liquidity amid high valuations. Vendr's round was cited as an extreme example of Tiger taking smaller ownership percentages compared to traditional VCs, who often target 20% in Series A deals. This investment fit into Tiger Global's broader 2021 spree, where the firm closed over 200 deals, leveraging its massive assets under management to dominate the venture landscape. While other portfolio successes like Stripe and Roblox were noted for massive valuations, Vendr represented Tiger's focus on high-growth SaaS and fintech-adjacent plays. |
| Jun 2020 | Seed | Craft Ventures (lead) | $4M | - | Vendr raised a $4 million seed round in June 2020 led by Craft Ventures. This followed a $2 million seed round in October 2019 led by F-Prime. The funding supported platform expansion and customer base growth. Vendr more than doubled revenue and customers since the prior round amid early COVID-19 conditions. Vendr provides a platform for SaaS buying and management, helping companies find, buy, and manage software stacks with cost savings and a money-back guarantee. The company was profitable at the seed stage with minimal cash burn, enabling fast growth. Craft Ventures was attracted to this product-market fit. |
| Oct 2019 | Seed | F-Prime (lead); Sound Ventures; Y Combinator; Liquid 2 Ventures; Cliff Obrecht; JD Sherman; Garage Capital | $2M | - | - |
Who has invested in Vendr?
11 investors have backed Vendr across its funding rounds, including Y Combinator, F-Prime, Craft Ventures, Sound Ventures, Tiger Global and Garage Capital.
Lead investors include Craft Ventures, SoftBank Group, Tiger Global and F-Prime.
Vendr Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Oct 2019 | ||
| 3 | Participant | Oct 2019 | ||
| 3 | Lead | Oct 2019 | ||
| 3 | Lead | Jun 2020 | ||
| 2 | Lead | Mar 2021 | ||
| 2 | Participant | Oct 2019 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Lead | Jun 2022 | ||
| 1 | Participant | Oct 2019 | ||
This data is available for Pro users. Sign up to see all 11 Vendr investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Vendr
Vendr has acquired 2 companies to date.
Last acquisition by Vendr was on February 23rd 2022. Vendr acquired Blissfully for $100M.
Latest Acquisitions by Vendr
| Description | Blissfully is a SaaS management platform helping companies track, integrate, and optimize software tools like Slack and Zoom. New York-headquartered since 2016, Blissfully automates discovery of shadow IT and vendor negotiations, serving mid-market firms after the founders' prior exit from Boundless in 2015. | Capiche is a community platform promoting transparency in business software. It aggregates pricing data, user reviews, guides, and documentation to eliminate information asymmetry. San Francisco-based Capiche builds a shared repository for professionals evaluating SaaS tools. |
| HQ Country | ||
| HQ City | New York City, NY | San Francisco, CA |
| Deal Date | 23 Feb 2022 | 15 Apr 2021 |
| Valuation | $100M | $1M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Vendr acquisitions and their M&A valuation multiples. Start Free Trial | ||
Vendr Competitors
Vendr competitors include listed companies like Rezolve AI and ODDITY Tech, and private ones like CommerceIQ, Flexe, Hotmart and PandaDoc.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $47M | ($109M) | $950M | 4.0x | ||
| Publicly listed | $810M | $131M | $889M | 1.8x |
Vendr Public Comps
Vendr is no longer listed, but its public comps include Rezolve AI, Shiprocket, Hangzhou Raycloud Tech, ODDITY Tech, Riskified, Lightspeed Commerce, Infomart, Auction Technology Group, Vtex and THG.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $211M | ($7M) | 4.3x | - | (131.1x) | - | |||
| $84M | $719K | 10.6x | 9.8x | 1238.3x | - | |||
| $810M | $131M | 1.5x | 1.8x | 9.6x | 18.3x | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
| $1.2B | ($13M) | 0.7x | 0.7x | (65.4x) | 11.0x | |||
| $121M | $31M | 9.3x | 8.6x | 35.9x | 31.7x | |||
| $190M | ($93M) | 4.6x | 3.5x | (9.3x) | 10.1x | |||
This data is available for Pro users. Sign up to see all Vendr competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Vendr
| When was Vendr founded? | Vendr was founded in 2019. |
| Where is Vendr headquartered? | Vendr is headquartered in Boston, MA, United States. |
| Is Vendr publicly listed? | No, Vendr was acquired by Vertice in May 2026. |
| Who acquired Vendr? | Vendr was acquired by Vertice in May 2026. |
| What is Vendr's valuation? | Vendr was last valued at $1B in its Series B in June 2022. |
| How much funding has Vendr raised? | Vendr has raised $216M across 4 funding rounds. |
| What was Vendr's last funding round? | Vendr's last funding round was a $150M Series B in June 2022, led by Craft Ventures and SoftBank Group. |
| Who are Vendr's investors? | Vendr's investors include Sound Ventures, Y Combinator, F-Prime, Craft Ventures, Tiger Global, Garage Capital, Sozo Ventures, SoftBank Group, Liquid 2 Ventures, Cliff Obrecht and 1 other. |
| What is Vendr's revenue? | Vendr's latest recorded revenue is $20M (June 2022). |
| What is Vendr's revenue multiple? | Vendr's latest valuation implies a 50.0x revenue multiple ($1B valuation on $20M of revenue). |
| Which companies are comparable to Vendr? | Companies comparable to Vendr include CommerceIQ, Flexe, Hotmart, PandaDoc, Rezolve AI and ODDITY Tech. |
| How many companies has Vendr acquired? | Vendr has acquired 2 companies, including Blissfully and Capiche. |
| What was the largest acquisition by Vendr? | The $100M acquisition of Blissfully in February 2022 is the largest acquisition Vendr has made to date. |
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