VendorPanel
Latest round
- Series B
Last raised
- Jan 2021
Total raised
- $5.1M
Investors
- 6
About VendorPanel
VendorPanel Pty Ltd, founded in 2008 and headquartered in Melbourne, Australia, specializes in enhancing procurement activities for organizations. The company was founded by James Leathem, who has a history of entrepreneurial ventures. In September 2024, VendorPanel was acquired by Unimarket Holdings Limited, a portfolio company of Accel-KKR, for an undisclosed amount, solidifying its position in the procurement sector.VendorPanel, a Unimarket Company, offers a comprehensive Source-to-Pay procurement solution designed to enhance procurement processes from planning through to payment. The platform integrates functionalities such as procurement planning, supplier discovery, contract management, and invoicing into a single, cloud-based system, allowing organizations to manage both strategic and operational sourcing efficiently. VendorPanel serves a diverse client base, including hundreds of business and government organizations across Australia, New Zealand, the United States, and Canada, with over 70,000 suppliers utilizing its services. The primary end users consist of procurement professionals who seek to streamline their operations, improve compliance, and achieve better visibility and control over their procurement activities.VendorPanel generates revenue through a subscription-based model, providing clients access to its various procurement modules and functionalities. Clients engage with the platform by subscribing to its core Source-to-Pay services, which can be tailored to fit specific organizational needs. The revenue structure is grounded in partnerships with government entities and businesses that require robust procurement solutions, enabling seamless integration of procurement activities. This business model allows VendorPanel to maintain consistent cash flow while delivering value through its comprehensive offerings.Following the recent acquisition by Unimarket Holdings Limited in September 2024, VendorPanel aims to enhance its service offerings and deliver scalable solutions. The company is focused on expanding its market reach, particularly into new regions. Future product launches are anticipated to align with the integration of VendorPanel's services into Unimarket's offerings, though specific timelines and product details have not been disclosed.
Who invested in VendorPanel
6 investors across 2 rounds
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Questions about VendorPanel
Who invested in VendorPanel?
VendorPanel has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has VendorPanel raised?
VendorPanel has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did VendorPanel last raise money?
VendorPanel's most recent round on record is a Series B, in Jan 2021.
What does VendorPanel do?
VendorPanel Pty Ltd, founded in 2008 and headquartered in Melbourne, Australia, specializes in enhancing procurement activities for organizations.
Where is VendorPanel headquartered?
VendorPanel is headquartered in Melbourne, Australia.
Which VCs invest in companies like VendorPanel?
Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Movac back software companies at VendorPanel's stage. Their profiles are linked below.
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