About Venminder
Venminder is a company based in Elizabethtown (United States) founded in 2001 by Dana Bowers was acquired by Ncontracts in September 2024.. Venminder has raised $45.61 million across 5 funding rounds from investors including Ncontracts, Bain Capital Ventures and MissionOG. Venminder offers products and services including TPRM Software, Vendiligence, and Venmonitor. Venminder operates in a competitive market with competitors including Kyriba, ProcessUnity, CyberGRX, ObserveIT and ISN Software Corporation, among others.
- Headquarter Elizabethtown, United States
- Founders Dana Bowers
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Sectors
Financial ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Venminder, 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
$45.61 M (USD)
in 5 rounds
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Latest Funding Round
$33 M (USD), Series C
Nov 10, 2020
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Investors
Ncontracts
& 3 more
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Employee Count
Employee Count
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Acquired by
Ncontracts
(Sep 04, 2024)
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Products & Services of Venminder
Venminder offers a comprehensive portfolio of products and services, including TPRM Software, Vendiligence, and Venmonitor. 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 vendor onboarding and offboarding processes.
Service for outsourced due diligence and risk ratings on vendors.
Tool for real-time risk intelligence in cybersecurity and business health.
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Funding Insights of Venminder
Venminder has successfully raised a total of $45.61M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $33 million completed in November 2020. 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 5
- Last Round Series C — $33.0M
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First Round
First Round
(12 Oct 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series C - Venminder | Valuation | Silversmith | |
| Jul, 2018 | Amount | Series B - Venminder | Valuation | MissionOG | |
| Dec, 2015 | Amount | Series B - Venminder | Valuation |
investors |
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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 Venminder
Venminder has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Ncontracts, Bain Capital Ventures and MissionOG. 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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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Growth-stage US companies are invested in by MissionOG.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology and healthcare sectors
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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 Venminder
| 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 - Venminder
| 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 |
Venminder Comparisons
Competitors of Venminder
Venminder 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 Kyriba, ProcessUnity, CyberGRX, ObserveIT and ISN Software Corporation, 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 treasury automation and risk management solutions are provided.
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| domain | founded_year | HQ Location |
Vendor risk management solutions for businesses & financial institutions
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| domain | founded_year | HQ Location |
Cloud-based risk assessment and management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Insider threats are detected and managed via user behavior analytics.
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| domain | founded_year | HQ Location |
Contractors and suppliers are managed via an online platform.
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| domain | founded_year | HQ Location |
Vendor risk management solution provider
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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 Venminder
Frequently Asked Questions about Venminder
When was Venminder founded?
Venminder was founded in 2001 and raised its 1st funding round 11 years after it was founded.
Where is Venminder located?
Venminder is headquartered in Elizabethtown, United States. It is registered at Elizabethtown, Kentucky, United States.
Who is the current CEO of Venminder?
James Hyde is the current CEO of Venminder.
Is Venminder a funded company?
Venminder is a funded company, having raised a total of $45.61M across 5 funding rounds to date. The company's 1st funding round was a Series B of $4M, raised on Oct 12, 2012.
What does Venminder do?
Founded in 2001 and based in Elizabethtown, United States, Venminder operates in the financial services sector, focusing on compliance and risk management. A cloud-based platform is provided to handle third-party vendor risks, including intrinsic risk assessments, document collection, and full lifecycle management from onboarding to ongoing monitoring. Services encompass control evaluations, due diligence processes, and documentation tracking for businesses managing external partners.
Who are the top competitors of Venminder?
What products or services does Venminder offer?
Venminder offers TPRM Software, Vendiligence, and Venmonitor.
Who are Venminder's investors?
Venminder has 4 investors. Key investors include Ncontracts, Bain Capital Ventures, MissionOG, and Silversmith.
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