About Vendrix
Vendrix is a Real Estate & Construction company based in Birmingham (United States) founded in 2019 by Joe Turner and David Stewart, and was acquired by Foundation Software in June 2025. Provider of SaaS-based credit card and expense management software for the construction companies. Vendrix has raised $50 thousand across 1 funding round from investors including Foundation Software and Alabama Launchpad. Vendrix offers products and services including Corporate Credit Cards, AP Automation, and Bill Pay. Its focus areas include Real Estate and Construction Tech, Construction Tech, Project Management and Capital Management. Its legal entity is Vendrix, Inc. Its competitors include Built, Levelset and Briq; 3 of its 3 listed competitors have raised funding.
Company details
Vendrix was founded in 2019 and is based in Birmingham, United States. SaaS-based software for credit card and expense management is offered to construction companies. Real-time transaction viewing and control are enabled through a spend management tool. Budgets are set, purchase details are tracked, allocations are managed, receipts are stored, and corporate credit cards are issued to support operations in the construction sector.
- Headquarters Birmingham, United States
- Founders Joe Turner, David Stewart
- Stage Acquired
- SectorsReal Estate & Construction
- Website vendrix.co
- Social LinkedIn
- Acquired by Foundation Software (Jun 2025)
- Legal Name Vendrix, Inc
- Total Equity Funding$50K (USD)
in 1 rounds
- Latest Funding Round$50K (USD), Seed
May 2021
- InvestorsFoundation Software
& 1 more
- Acquired byFoundation Software
(Jun 2025)
Products & Services of Vendrix
Vendrix offers a comprehensive portfolio of products and services, including Corporate Credit Cards, AP Automation, and Bill Pay.
Manages spending with real-time limits and tracking for businesses
Automates accounts payable workflows to reduce errors and save time
Simplifies bill payments for efficient construction company operations
Funding Insights of Vendrix
Vendrix has successfully raised a total of $50K through 1 strategic funding round. The most recent funding activity was a Seed round of $50 thousand completed in May 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 $50,000
- Total Rounds 1
- Last Round Seed — $50,000
- First Round $50,000
(May 2021)
- Investors Count 1
All 1 funding rounds of Vendrix with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $50,000 | Seed | – | Alabama Launchpad | – |
2 investors in total: 2 institutional.
Investors in Vendrix
Vendrix has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Foundation Software and Alabama Launchpad.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage seed funding is provided to Alabama-based startups. | alabamalaunchpad.com | Birmingham, United States | ||
Construction accounting software is offered on-premise and in the cloud. | 1985 | foundationsoft.com | Cleveland, United States |
Investor details for Vendrix
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Vendrix
3 people are tracked at Vendrix (3 in leadership).
| Name | Role | Group |
|---|---|---|
Joe Turner | Co-Founder & Managing Director | Leadership |
David Stewart | Co-Founder | Leadership |
Joe T. | Co-Founder | Leadership |
Complete people profiles for Vendrix
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Vendrix
3 dated milestones of Vendrix across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Vendrix is founded.
- Funding First funding round of $50K.
- Exit Acquired by Foundation Software.
Competitors of Vendrix
Vendrix has 3 listed competitors in our database, 3 of them funded. They include Built, Levelset and Briq.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getbuilt.com | 2014 | Nashville, United States | $288.6M | 141 | Cloud-based management of construction loan life cycles is provided. | |
| levelset.com | 2005 | New Orleans, United States | $48.44M | 138 | Levelset is focused on construction payment and lien rights management. | |
| briq.com | 2018 | Santa Barbara, United States | $54.03M | 39 | Briq is recognized for developing autonomous work platforms. |
Detailed competitors of Vendrix
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Vendrix
The website of Vendrix (vendrix.co) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 119% vs previous month
Top companies in Construction & Building Tech
3 companies that operate in the same segment as Vendrix (Construction & Building Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 406.15 M | USD 1.32 B | 4,927 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 |
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Frequently Asked Questions about Vendrix
Vendrix was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Vendrix is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama, United States.
Vendrix is a funded company, having raised a total of $50K across 1 funding round to date. The company's 1st funding round was a Seed of $50K, raised on May 2021.
Vendrix was founded in 2019 and is based in Birmingham, United States. SaaS-based software for credit card and expense management is offered to construction companies. Real-time transaction viewing and control are enabled through a spend management tool. Budgets are set, purchase details are tracked, allocations are managed, receipts are stored, and corporate credit cards are issued to support operations in the construction sector.
Vendrix offers Corporate Credit Cards, AP Automation, and Bill Pay.
Vendrix has 2 investors. Key investors include Foundation Software, and Alabama Launchpad.
Vendrix operates through Vendrix, Inc.
Yes. Vendrix was acquired by Foundation Software in June 2025.