About SpendMend
SpendMend is a company based in Grand Rapids (United States) founded in 1993 was acquired by Sheridan in January 2018.. SpendMend has completed 6 acquisitions, including Contract Management Strategies, Elevate340B and Rebate Insight. SpendMend offers products and services including Profit Recovery, Vendor Management, and Medical Device Tracking. SpendMend operates in a competitive market with competitors including APEX Analytix, Technology Insight, Broniec Associates, GBG DecTech and Gold Prairie, among others.
- Headquarter Grand Rapids, United States
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
Morgan Stanley
& 5 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Contract Management Strategies
& 5 more
-
Acquired by
Sheridan
(Jan 08, 2018)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of SpendMend
SpendMend offers a comprehensive portfolio of products and services, including Profit Recovery, Vendor Management, and Medical Device Tracking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service to recover overpaid amounts in healthcare contracts.
Manages vendor contracts to optimize spending and reduce costs.
Tracks medical devices to prevent financial leakages.
Unlock access to complete
Funding Insights of SpendMend
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - SpendMend | Valuation |
investors |
|
| Mar, 2022 | Amount | Series A - SpendMend | Valuation | Morgan Stanley |
|
| Jan, 2018 | Amount | Private Equity Round - SpendMend | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SpendMend
SpendMend has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Morgan Stanley, Cadence Bank and Memorial Hermann. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Healthcare sectors are targeted by this venture capital firm.
|
Founded Year | Domain | Location | |
|
PE firm investing in the US
|
Founded Year | Domain | Location | |
|
Sheridan Capital Partners is focused on healthcare private equity investments.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by SpendMend
SpendMend has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Contract Management Strategies, Elevate340B and Rebate Insight. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Cloud based platform for supply chain analytics and management
|
2018 | ||||
|
Cloud-based software for pharmacy supply chain management is provided.
|
2018 | ||||
|
340B compliance solutions are provided for pharmacy operations.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - SpendMend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spendmend Comparisons
Competitors of SpendMend
SpendMend operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as APEX Analytix, Technology Insight, Broniec Associates, GBG DecTech and Gold Prairie, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Audit and supplier management solutions are offered to businesses.
|
|
| domain | founded_year | HQ Location |
Software for auditing accounts payable and detecting irregularities is provided.
|
|
| domain | founded_year | HQ Location |
Conducts accounts payable audits and recovers overpayments for businesses worldwide.
|
|
| domain | founded_year | HQ Location |
Anti-fraud, anti-money laundering, and credit risk management services are provided.
|
|
| domain | founded_year | HQ Location |
Offers a SaaS-based platform for continuous monitoring of accounts payable.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Spendmend
Frequently Asked Questions about SpendMend
When was SpendMend founded?
SpendMend was founded in 1993 and raised its 1st funding round 25 years after it was founded.
Where is SpendMend located?
SpendMend is headquartered in Grand Rapids, United States. It is registered at Grand Rapids, Michigan, United States.
What does SpendMend do?
SpendMend was founded in 1993 and is headquartered in Grand Rapids, United States. Solutions for audit recovery and transaction management are delivered to businesses in the financial sector. Services encompass accounts payable analysis, compliance monitoring, tax analysis, contract management, and spend analysis. Financial leakages are addressed through insights and analytics. Audits of accounts payable and vendor statements are performed, with data analytics algorithms applied to identify irregularities in financial records.
Who are the top competitors of SpendMend?
SpendMend's top competitors include APEX Analytix, Technology Insight and GBG DecTech.
What products or services does SpendMend offer?
SpendMend offers Profit Recovery, Vendor Management, and Medical Device Tracking.
How many acquisitions has SpendMend made?
SpendMend has made 6 acquisitions, including Contract Management Strategies, Elevate340B, and Rebate Insight.
Who are SpendMend's investors?
SpendMend has 6 investors. Key investors include Morgan Stanley, Cadence Bank, Memorial Hermann, Fidus Investment, and Corewell Health Ventures.