The Series B round was co-led by return investor Craft Ventures and new investor SoftBank Vision Fund 2, and joined by Sozo Ventures, F-Prime Capital, Sound Ventures, Tiger Global and Y Combinator. The new funding will accelerate platform development, helping organizations cut costs, manage their second-highest expense - software - and reduce risk in light of the economic downturn.

Vendr is changing how companies find, buy and manage SaaS. The first of its kind, Vendr's SaaS buying platform offers both a product and people-powered service to enable the world's fastest-growing companies to purchase software quickly and with guaranteed savings. Today, Vendr has facilitated over $1B+ in SaaS purchases across 1,200+ suppliers for Finance and Procurement teams at HubSpot, Brex, Canva, Reddit, Toast, and more. Headquartered in Boston with a second location in Charleston, Vendr was founded in 2019 by Ryan Neu and co-founders Ariel Diaz and Aaron White, who joined the team through the acquisition of Blissfully in 2022. The company has over 250 employees globally.