# VendorVue

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

- Industry: Software
- Headquarters: Ghent, Belgium
- Website: www.vendorvue.io/
- Total disclosed funding: $1.5M
- Latest round: Series B (Sep 30, 2024)
- Investors on record: 2

## About

Founded in 2024 and based in Ghent, Belgium, Vendorvue is a technology company that provides artificial intelligence-driven vendor compliance and management solutions for procurement teams. Michiel Bearelle, Jean Marc Bosschem, and Anthony Ringoet are the co-founders of the company. In October 2024, Vendorvue raised EUR 1.4 million in venture funding co-led by Pitchdrive and Syndicate One.

The company focused on simplifying vendor management and compliance for procurement teams. The firm’s platform is designed to address the common challenges of vendor interactions, such as email clutter, spreadsheet headaches, and the complexities of staying compliant with ever-changing regulations. Vendorvue helps procurement professionals save time and reduce manual efforts by automating and streamlining the compliance process. The company’s platform leverages artificial intelligence (AI) to evaluate and monitor vendor compliance. It helps identify relevant compliance standards, simplifies communication with vendors, and ensures all required information is provided. AI-powered monitoring performs quality checks, flags inaccuracies, and guarantees ongoing compliance integrity.

The organization plans to use the October 2024 funding to enhance its artificial intelligence-driven platform, expand its team, and extend operations across Europe.

## Funding rounds

- Series B, Sep 30, 2024, $1.5M — Pitchdrive, Syndicate One

## Investors

- Pitchdrive (https://capitalatlas.ai/funds/pitchdrive) — Series B
- Syndicate One (https://capitalatlas.ai/funds/syndicate-one) — Series B