# BestVendor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bestvendor

- Industry: Internet
- Headquarters: Washington, US
- Website: www.bestvendor.com
- Total disclosed funding: $3.6M
- Latest round: Series A (Dec 19, 2011)
- Investors on record: 5

## About

BestVendor is a cloud software company offering tailored SaaS solutions that streamline the selection and management of applications to enhance operational efficiency and facilitate business growth.Founded in 2011 in Washington, US, BestVendor specializes in optimizing software selection for businesses. The company was acquired by Docstoc, Inc. in August 2013 for an undisclosed amount. The firm has successfully completed a total of 3 deals, with its most recent funding round being a Series A, raising USD 3.00 mn from investors including Lerer Hippeau Ventures, Old Willow Partners, RRE Ventures, and Softbank Capital. BestVendor specializes in providing tailored cloud software solutions designed to facilitate business growth through optimal application selection. Their offerings include a suite of SaaS products that integrate with various APIs, enhancing operational efficiency, automating processes, and securing data management across sectors such as IT, finance, healthcare, and retail. With a global clientele, BestVendor markets its solutions across North America, Europe, and parts of Asia, catering to both SMEs and large corporations.BestVendor's revenue model is subscription-based, allowing clients to access its cloud software solutions alongside ongoing updates and support. Clients typically enter direct agreements involving tiered subscription plans tailored to their needs, with options for monthly or annual billing cycles. The company's flagship offerings focus on intelligent automation and data security, addressing the complexities of modern digital business environments.Following its acquisition, BestVendor aims to leverage its recent funding from the Series A round to launch new products and expand into new markets. Specific new product designs and launch dates are currently under development as the company targets expansion into additional regions in Europe and Asia by 2015. The funding will support these initiatives, enhancing their product portfolio and enabling outreach to a broader client base.

## Funding rounds

- Series A, Dec 19, 2011, $3M — RRE Ventures, Softbank Capital, Lerer Hippeau Ventures, Old Willow Partners
- Seed, Jun 21, 2011, $0.6M — Softbank Capital, SV Angel, Lerer Hippeau Ventures

## Investors

- Softbank Capital (https://capitalatlas.ai/funds/softbank-capital) — Seed, Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Lerer Hippeau Ventures — Seed, Series A
- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A
- Old Willow Partners (https://capitalatlas.ai/funds/old-willow-partners) — Series A