About VendorPanel
VendorPanel is a company based in Melbourne (Australia) founded in 2008.. VendorPanel has raised $5.05 million across 2 funding rounds from investors including Microequities, Ord Minnett and Saniel Ventures. VendorPanel has completed 1 acquisition, including Nimblex. VendorPanel offers products and services including Procurement Planning, Supplier Discovery, Supplier Management, Contract Management, and e-Procurement. VendorPanel operates in a competitive market with competitors including Tipalti, Sage Group, Coupa, MineralTree and Airbase, among others.
- Headquarter Melbourne, Australia
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Sectors
Government & Social SectorTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Vendorpanel Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.05 M (USD)
in 2 rounds
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Latest Funding Round
$3.34 M (USD), Series B
Mar 02, 2021
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Investors
Microequities
& 10 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of VendorPanel
VendorPanel offers a comprehensive portfolio of products and services, including Procurement Planning, Supplier Discovery, Supplier Management, Contract Management, and e-Procurement. 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.
Tool for strategic procurement planning and process management.
Platform for finding and evaluating suppliers efficiently.
System to handle supplier relationships and compliance.
Software for managing contracts and reporting analytics.
Module for electronic procurement and invoicing processes.
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Funding Insights of VendorPanel
VendorPanel has successfully raised a total of $5.05M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $3.34 million completed in March 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 Series B — $3.3M
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First Round
First Round
(20 Aug 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series B - VendorPanel | Valuation | Ord Minnett , Five V Capital | |
| Aug, 2018 | Amount | Series A - VendorPanel | Valuation | Microequities |
| 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 VendorPanel
VendorPanel has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Microequities, Ord Minnett and Saniel Ventures. 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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Investments in tech startups are made by Saniel Ventures.
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Founded Year | Domain | Location | |
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Private equity investments are made in Australia and New Zealand.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by EVP.
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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 VendorPanel
VendorPanel has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nimblex. 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 |
|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based business management software is offered for various operational modules.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - VendorPanel
| 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 |
Vendorpanel Comparisons
Competitors of VendorPanel
VendorPanel 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 Tipalti, Sage Group, Coupa, MineralTree and Airbase, 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 procurement and invoice management solutions are offered to businesses.
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| 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 |
Cloud-based accounts payable automation 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 |
Corporate cards and expense management are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Vendorpanel
Frequently Asked Questions about VendorPanel
When was VendorPanel founded?
VendorPanel was founded in 2008 and raised its 1st funding round 10 years after it was founded.
Where is VendorPanel located?
VendorPanel is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Is VendorPanel a funded company?
VendorPanel is a funded company, having raised a total of $5.05M across 2 funding rounds to date. The company's 1st funding round was a Series A of $1.72M, raised on Aug 20, 2018.
What does VendorPanel do?
Founded in 2008 and based in Melbourne, Australia, VendorPanel operates as a SaaS platform focused on procurement for government, utilities, and corporate sectors. Services encompass supplier management, sourcing and evaluation, analytics, tender management, document handling, and collaboration tools. Governance and transparency in procurement processes are facilitated, with notable clients including APA Group, Queensland government, DownerMouchel, and Queensland Rail.
Who are the top competitors of VendorPanel?
VendorPanel's top competitors include Coupa, Sage Group and Airbase.
What products or services does VendorPanel offer?
VendorPanel offers Procurement Planning, Supplier Discovery, Supplier Management, Contract Management, and e-Procurement.
How many acquisitions has VendorPanel made?
VendorPanel has made 1 acquisition, including Nimblex.
Who are VendorPanel's investors?
VendorPanel has 11 investors. Key investors include Microequities, Ord Minnett, Saniel Ventures, Trent Donnelly, and Five V Capital.
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