# VNDLY

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

- Industry: Software
- Headquarters: Mason, US
- Website: www.vndly.com
- Total disclosed funding: $58M
- Latest round: Series B (May 5, 2020)
- Investors on record: 9

## About

Based in Ohio, US, and founded in 2017 by Narayana Surabhi, and Shashank Saxena, Vndly Inc. is a provider of a SaaS-based platform that allows businesses to source, recruit and manage the workforce. In June 2020, VNDLY, Inc. raised an undisclosed amount of venture funding from Okta Ventures. In November 2021, Workday, Inc. agreed to acquire VNDLY, Inc. from Bowery Capital, EPIC Ventures, Vine St. Ventures, Battery Ventures, Cintrifuse, Hyde Park Venture Partners, Insight Partners, ServiceNow Ventures, Madrona Venture Group, and Okta Ventures for approximately USD 510 million in cash. The transaction is expected to close in the fourth quarter of 2022. As of December 2021, Shashank Saxena is the CEO of VNDLY, Inc.

VNDLY, Inc. offers multiple solutions, including extended workforce management, statement of work, total talent acquisition, and independent contract management to MSPs and vendors for their procurement, human resource, IT, finance, and legal departments across healthcare, manufacturing, finance, energy, technology, professional services, and higher education industries.  In addition, the company’s SaaS-based platform streamlines the talent sourcing process, ranks and matches applicants' technical capabilities and personality traits, automates workflow from job requisition to job closure and manages performance ratings.

VNDLY, Inc. plans to use its acquisition by Workday, Inc. to continue to support and integrate with third-party HR, finance, IT, and legal systems. In addition, VNDLY also plans to provide enterprises with unified workforce optimization solutions to manage workers in terms of salary, work hours, contingent, and outsourcing. VNDLY will also support talent strategy, including compliance, workforce planning needs, and insights into costs.

## Funding rounds

- Series B, May 5, 2020, $8.5M — Madrona Venture Group
- Series B, Dec 17, 2019, $35M — Battery Ventures, EPIC Ventures, Insight Partners, Hyde Park Venture Partners, Cintrifuse Capital, Bowery Capital, ServiceNow Ventures
- Series A, Feb 12, 2019, $12M — Battery Ventures, EPIC Ventures, Hyde Park Venture Partners, Cintrifuse Capital, Bowery Capital
- Seed, Jul 27, 2017, $3M — EPIC Ventures, Vine St. Ventures, Bowery Capital

## Investors

- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Seed, Series A, Series B
- Vine St. Ventures (https://capitalatlas.ai/funds/vine-st-ventures) — Seed
- Bowery Capital (https://capitalatlas.ai/funds/bowery-capital) — Seed, Series A, Series B
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A, Series B
- Hyde Park Venture Partners (https://capitalatlas.ai/funds/hyde-park-venture-partners) — Series A, Series B
- Cintrifuse Capital (https://capitalatlas.ai/funds/cintrifuse-capital) — Series A, Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- ServiceNow Ventures (https://capitalatlas.ai/funds/servicenow-ventures) — Series B
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series B