Vintro Procurement Marketplace (VPM) connects procurement officers with D&B-screened suppliers through a streamlined platform that filters and matches real-time procurement needs. This enables businesses to efficiently source products while generating new revenue streams by monetizing their procurement processes.
Funding
$32M 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
Procurement officers often struggle to efficiently identify and connect with qualified suppliers that meet their specific needs, leading to wasted time and potentially missed opportunities for cost savings. Sales executives face challenges in finding relevant sales opportunities and connecting with the right decision-makers, resulting in inefficient prospecting efforts.
Solution
Vintro Procurement Marketplace (VPM) is a platform designed to streamline the procurement process by connecting procurement officers with D&B-screened suppliers based on real-time needs. The platform allows procurement officers to share their procurement needs and receive pitches from relevant suppliers, ensuring they find the best quality and prices. Sales executives gain access to a live feed of relevant purchase needs from screened procurement departments, enabling them to connect directly with decision-makers and close deals faster. VPM also enables procurement departments to monetize their existing processes by getting paid for sharing their procurement needs.
Target Audience
The primary users are procurement officers seeking to efficiently source products and sales executives looking for relevant sales opportunities.
Features
- Real-time matching of procurement needs with qualified suppliers.
- Access to millions of D&B-screened suppliers globally.
- Filtering capabilities to exclude suppliers that don't match desired partner profiles.
- Monetization of existing procurement processes for procurement departments.
- Live feed of relevant purchase needs delivered directly to sales executives.
- Private one-on-one pitch opportunities with procurement officers.
- Cost control for sales executives by only paying when pitching directly to relevant buyers.