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Vendr Achieves Unicorn Status With $150 Million Series B

Boston – June 17, 2022 – Cooley advised Vendr, a software as a service buying platform, on its $150 million Series B funding round, bringing the company to a $1 billion valuation. Lawyers Harley Brown, Megan Coneeny, Eric Schmid and Emily Center-Bregasi led the Cooley team advising Vendr.

The new funding will accelerate Vendr’s platform development, helping organizations cut costs, manage their second-highest expense – software – and reduce risk in light of the economic downturn.

Founded in 2019 by Ryan Neu, Vendr is headquartered in Boston with a second location in Charleston, South Carolina, and has more than 230 employees. The company’s SaaS buying platform offers both a product and people-powered service to enable the world’s fastest-growing companies to purchase software quickly and with guaranteed savings. Vendr has facilitated more than $1 billion in SaaS purchases across 1,200+ suppliers for finance and procurement teams.

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Related Contacts
Harley Brown  Partner Boston
Megan Coneeny  Associate Boston
Eric Schmid  Associate Boston
Emily Center-Bregasi  Associate Boston
Gabrielle Whitehall  Associate Washington, DC
Rebecca Ross  Special Counsel Washington, DC
Lei Shen  Partner Chicago
Christopher Kimball  Partner Washington, DC
Sharon Connaughton  Special Counsel Washington, DC
Thomas Connors  Partner Boston
Stephanie Gentile  Partner New York
Karen Tsai  Special Counsel Washington, DC
Luke Cadigan  Partner Boston
Steven A. Zuckerman  Associate New York
David Navetta  Partner Colorado