Vendr
SaaS buying platform
- 201-500 employees
- B2B
- Enterprise
- Marketplace
- Internal tools
- Procurement
- Back Bay East, Boston, MA
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Company mission
To change how companies find, buy, and manage SaaS.
40% employee growth in 12 months
Our take
For enterprises, purchasing software is often a drawn-out and expensive process involving multiple stakeholders and salespeople. Vendr has built a platform that allows businesses to purchase software using software. The aim is to make enterprise software purchases as easy as consumer product purchases.
It's a lucrative business, not just because of the proliferation of B2B SaaS tools, but also because of the revenue potential: Vendr charges its customers between 1% and 5% of its software spend that it manages. This model works for Vendr and its customers, as the latter will typically save significantly more than this by using Vendr.
Vendr has already supported an impressive set of customers, including Canva, Grammarly, GitLab, Brex, HubSpot and InVision. An example of its commitment to improvement is in the launch of Vendr 2.0, that combines its SaaS purchasing and management products to give enterprise customers enhanced visibility into software purchase and use, allowing them to reduce overspend and purchase better software faster and cheaper.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Medical, dental & vision: We offer competitive medical, dental, and vision insurance which includes 100% employer paid premiums and an HSA contribution.
- Growth & development: You'll have access to an annual education reimbursement, success guides, and our manager training and enablement program.
- Time off & hybrid work: We encourage flexibility and rest, including unlimited PTO, a WFH stipend, the option to work from our Boston and Charleston offices whenever, an annual company-wide week-long shutdown in July, 12 paid company holidays, and more.
- Mental health & wellbeing: The wellbeing of our team is critical to our success, which is why we offer a wellness/gym reimbursement, a paid Calm app subscription, virtual “Wellness Wednesday Yoga” sessions, and more.
- Retirement planning: We want planning for the future to come easy so we provide a 401k with a 4% match.
- Parental leave: We offer biological, adoptive, and foster parents paid time off to spend quality time with family.
- Culture & workplace: We are a remote-first company and love to get together for in-person events to strengthen relationships.
Funding (last 2 of 5 rounds)
Jun 2022
$150m
SERIES B
Feb 2022
$66m
LATE VC
Total funding: $282m
This company has top investors
Leadership
Ryan Neu
(CEO & Founder)Prior to founding Vendr, Neu was head of Enterprise Sales for InVision and Director of SMB Sales for HubSpot.