CINCINNATI, OH, VNDLY, a cloud-based Work Management System (WMS) announced today that it has closed a $35 million Series B funding round.
The round was led by Insight Partners with participation from Battery Ventures, Hyde Park Venture Partners, EPIC Ventures, Bowery Capital, and the Cintrifuse Syndicate Fund. ServiceNow also participated in this round. This new funding round brings VNDLY's 2019 funding to $46 million and total funding to $49 million. This round will serve as a foundation for continued product innovation, global expansion, and the continued investment in customer service and support.
Founded in 2017, VNDLY transforms how companies manage the contingent workforce. With its SaaS Work Management System (WMS), companies can manage the entire non-employee engagement lifecycle from talent acquisition to training to payment and offboarding. VNDLY serves as the ERP system of record for multiple Fortune 500 companies to manage their entire contingent and non-employee workforce on a single platform. VNDLY is a cloud-native platform that helps simplify the implementation, integration, and change management aspects compared to legacy VMS solutions. The VNDLY platform is comprised of four major modules: Contingent Workforce Management, Statement of Work (SoW) Management, Independent Contractor (IC) Compliance, and Total Talent Acquisition. For more information, please visit www.VNDLY.com.
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