Proven provides a dedicated software platform for Venture Capital and Private Equity firms to manage their portfolio company vendor relationships. This centralized system offers access to pre-vetted service providers and exclusive deals, helping portfolio companies reduce operational costs. The platform delivers analytics and tracking to demonstrate realized savings and improve vendor selection strategy across the portfolio.
Funding
$300K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Venture capital and private equity firms often struggle to efficiently manage vendor relationships across their portfolio companies. This leads to duplicated effort, missed opportunities for cost savings, and difficulty in ensuring portfolio companies are using the best vendors. Existing solutions often lack verified vendor data and performance analytics tailored to the needs of VC/PE firms.
Solution
Proven offers a vendor management platform designed to streamline vendor selection and oversight for VC and PE firms and their portfolio companies. The platform provides a centralized system with a verified vendor library, exclusive deals, and performance tracking. By offering a single source of truth for vendor information and facilitating connections between portfolio companies and vetted vendors, Proven enables firms to play a more active role in vendor selection and helps their portfolio companies save money. The platform also provides in-depth data and analytics on vendor usage across the portfolio, allowing firms to identify trends and make data-driven recommendations.
Target Audience
The primary target audience is Tier 1 venture capital and private equity firms seeking to streamline vendor management, reduce costs for their portfolio companies, and gain better visibility into vendor relationships across their portfolio.
Features
- Centralized vendor library with up-to-date contact data and pre-vetted vendors with verified references.
- Exclusive deals and discounts from service providers, including law firms and accountants.
- Full visibility into a portfolio company’s tech stack and vendor relationships.
- Detailed analytics and performance tracking to monitor savings and vendor performance.
- Peer-review system where portfolio companies can rate vendors they’ve worked with.
- Custom VC platform with branding that matches the firm's website.
- Integration with existing vendor libraries via spreadsheet upload.