About Vendrix
Vendrix is a company based in Birmingham (United States) founded in 2019 by Joe Turner and David Stewart was acquired by Foundation Software in June 2025.. 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. Vendrix operates in a competitive market with competitors including Built, Levelset, Briq, Flashtract and Flex, among others.
- Headquarter Birmingham, United States
- Founders Joe Turner, David Stewart
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vendrix, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 K (USD)
in 1 rounds
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Latest Funding Round
$50 K (USD), Seed
May 13, 2021
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Investors
Foundation Software
& 1 more
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Employee Count
Employee Count
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Acquired by
Foundation Software
(Jun 11, 2025)
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Products & Services of Vendrix
Vendrix offers a comprehensive portfolio of products and services, including Corporate Credit Cards, AP Automation, and Bill Pay. 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.
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
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $50,000
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First Round
First Round
(13 May 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Seed - Vendrix | Valuation | Alabama Launchpad |
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| 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 Vendrix
Vendrix has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Foundation Software and Alabama Launchpad. 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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Early-stage seed funding is provided to Alabama-based startups.
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Founded Year | Domain | Location | |
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Construction accounting software is offered on-premise and in the cloud.
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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 Vendrix
| 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 - Vendrix
| 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 |
Vendrix Comparisons
Competitors of Vendrix
Vendrix 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 Built, Levelset, Briq, Flashtract and Flex, 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 management of construction loan life cycles is provided.
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| domain | founded_year | HQ Location |
Levelset is focused on construction payment and lien rights management.
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| domain | founded_year | HQ Location |
Briq is recognized for developing autonomous work platforms.
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| domain | founded_year | HQ Location |
Billing automation software is provided for construction industry needs.
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| domain | founded_year | HQ Location |
Digital banking services for businesses are offered by Flex.
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| domain | founded_year | HQ Location |
Construction accounting software is offered on-premise and in the cloud.
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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 Vendrix
When was Vendrix founded?
Vendrix was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Vendrix located?
Vendrix is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama, United States.
Is Vendrix a funded company?
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 13, 2021.
What does Vendrix do?
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.
Who are the top competitors of Vendrix?
Vendrix's top competitors include Foundation Software, Built and Levelset.
What products or services does Vendrix offer?
Vendrix offers Corporate Credit Cards, AP Automation, and Bill Pay.
Who are Vendrix's investors?
Vendrix has 2 investors. Key investors include Foundation Software, and Alabama Launchpad.
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