Skip to content

Software Procurement Startup Vendr Gains $1 Billion Valuation

  • Firm helps companies buy software in complicated cloud world
  • SoftBank, Craft Ventures, among backers in $150 million round

Vendr Inc., a firm that centralizes business software purchasing and management, announced it was valued at $1 billion after a $150 million funding round that came as many startups are struggling to raise funds.

Traditionally, enterprise-level software acquisition requires months of discussions between procurement teams and salespeople. Vendr, founded in 2019, negotiates and manages contracts, and has processed more than $1.3 billion of transactions.