About Vendorful
Vendorful is a company based in New York (United States) founded in 2016.. Vendorful has raised $5.52 million across 2 funding rounds from investors including Perceptive Equity, Alexis Le Quoc and Zac Smith. Vendorful offers products and services including e-Sourcing, Supplier Relationship Management, and RFP Response Management. Vendorful operates in a competitive market with competitors including Sage Group, Coupa, Airbase, Bizongo and Procurify, among others.
- Headquarter New York, United States
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.52 M (USD)
in 2 rounds
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Latest Funding Round
$2.47 M (USD), Seed
Nov 11, 2021
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Investors
Perceptive Equity
& 4 more
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Employee Count
Employee Count
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Products & Services of Vendorful
Vendorful offers a comprehensive portfolio of products and services, including e-Sourcing, Supplier Relationship Management, and RFP Response Management. 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.
Platform for managing bids and supplier sourcing processes efficiently
Tools for tracking supplier performance and compliance metrics
System for handling RFP submissions and evaluations quickly
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Funding Insights of Vendorful
Vendorful has successfully raised a total of $5.52M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.47 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.5M
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First Round
First Round
(27 Nov 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Vendorful | Valuation |
investors |
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| Nov, 2019 | Amount | Seed - Vendorful | Valuation | Sorenson Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Vendorful
Vendorful has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Perceptive Equity, Alexis Le Quoc and Zac Smith. 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 |
|---|---|---|---|---|
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A technology investment firm based in Kansas City.
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Founded Year | Domain | Location | |
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Focus by Sorenson Capital is on software, healthcare, aerospace, energy.
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Founded Year | Domain | Location | |
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AL
Alexis Le Quoc |
Co-founder of Datadog, active angel investor in tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Vendorful
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Vendorful
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vendorful Comparisons
Competitors of Vendorful
Vendorful 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 Sage Group, Coupa, Airbase, Bizongo and Procurify, 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 |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| domain | founded_year | HQ Location |
SaaS spend management software is used to automate procure-to-pay operations.
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| domain | founded_year | HQ Location |
Procurement management solutions are delivered for business operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Vendorful
When was Vendorful founded?
Vendorful was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Vendorful located?
Vendorful is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Vendorful a funded company?
Vendorful is a funded company, having raised a total of $5.52M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.05M, raised on Nov 27, 2019.
What does Vendorful do?
Vendorful was founded in 2016 in New York, United States, within the procurement software sector. Cloud-based platforms are offered to integrate e-procurement portals and suppliers, supporting strategic sourcing, reverse auctions, vendor management, scorecards, and contract lifecycle administration. Features such as e-RFX tools, e-sourcing, supplier self-onboarding, survey tracking, payment terms monitoring, relationship management, reporting, and e-signature integration are included for operational efficiency across global operations.
Who are the top competitors of Vendorful?
Vendorful's top competitors include Coupa, Sage Group and Airbase.
What products or services does Vendorful offer?
Vendorful offers e-Sourcing, Supplier Relationship Management, and RFP Response Management.
Who are Vendorful's investors?
Vendorful has 5 investors. Key investors include Perceptive Equity, Alexis Le Quoc, Zac Smith, Raj Dutt, and Sorenson Capital.