# Vendorful

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

- Industry: Software
- Headquarters: New York, US
- Website: www.vendorful.com
- Total disclosed funding: $3M
- Latest round: Seed (Nov 14, 2019)
- Investors on record: 3

## About

Vendorful, based in New York, US, is an innovative platform founded in 2016 that specializes in Supplier Relationship Management (SRM) and e-Sourcing, enhancing procurement efficiency and supplier engagement for organizations.Vendorful is a technology company that provides a Supplier Relationship Management (SRM) and e-Sourcing platform, facilitating rapid procurement processes. Founded in 2016 in New York, the company was established by David Wadler and Peter Bonney. In November 2019, Vendorful raised USD 3.05 mn in Seed funding led by Sorenson Capital, with participation from Brand New Matter and Perceptive Equity. The total amount raised to date stands at USD 3.05 mn.Vendorful offers a comprehensive Supplier Relationship Management (SRM) and e-Sourcing platform designed to streamline procurement processes and enhance supplier engagement. The platform enables organizations to initiate competitive bidding quickly, facilitating rapid responses from suppliers while delivering immediate savings and improving satisfaction for stakeholders and suppliers. Vendorful serves a diverse clientele across various industries, including Ravenswood Solutions and Klein Tools, focusing on organizations seeking to modernize their procurement strategies while providing solutions across North America and beyond.Vendorful operates on a subscription-based revenue model, where organizations pay for access to their SRM and e-Sourcing platform. This allows clients to streamline procurement activities related to competitive bidding and supplier management, enhancing their overall experience. Specific pricing details for the subscription tiers are not disclosed, but the platform offers features suitable for both large enterprises and small to medium-sized businesses, focusing on expedited procurement processes and improved supplier relationships.In November 2019, Vendorful raised USD 3.05 mn in Seed funding, which will be utilized to further enhance their platform and support the development of new features. The company plans to introduce additional products aimed at improving procurement efficiency and supplier engagement. Moreover, Vendorful is targeting expansion into new geographic markets, with a focus on increasing presence in regions beyond North America. The funding will also help in scaling operations and enhancing customer support as they grow.

## Funding rounds

- Seed, Nov 14, 2019, $3M — Sorenson Capital, Brand New Matter, Perceptive Equity

## Investors

- Sorenson Capital (https://capitalatlas.ai/funds/sorenson-capital) — Seed
- Brand New Matter (https://capitalatlas.ai/funds/brand-new-matter) — Seed
- Perceptive Equity (https://capitalatlas.ai/funds/perceptive-equity) — Seed