Press Release

Vendr Achieves Unicorn Status With $150 Million Series B

June 17, 2022

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.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. 

Cooley has 1,500 lawyers across 17 offices in the United States, Asia and Europe.