VNDLY, a leading cloud-based workforce management systems provider, announced its most recent round of Series B-1 funding -- $8.5 million led by Madrona Venture Group. Madrona's Steve Singh will join the VNDLY board. This brings the company's external funding total to $57.5 million, with the previous Series B investments totaling $35 million in 2019. Madrona Venture Group is a Seattle-based venture firm that has backed many industry-defining technology companies like Amazon, Smartsheet, and Snowflake.

Founded in 2017, VNDLY is recognized by industry experts as a top-ranking technology provider in the vendor management systems category (VMS). The company, which already has many Fortune 500 clients, will use the most recent investment to continue its industry-changing innovation, global expansion, and product development that includes building out new software modules.