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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