Vendr

Acquired

Vendr is a software purchasing platform that provides pricing data and negotiation insights to help businesses secure fair deals on over 20,000 software products. By leveraging a network of seller partners, Vendr enables companies to validate quotes and access exclusive savings, ensuring they pay the lowest possible price for their software needs.

Traction 10/10

Boston, United States · HQ

Founded 201928620K+ followers

Artificial Intelligence
Data & Analytics
Enterprise Software
Software Only

Updated 15 days ago

Funding

Raised to date

$216MRaised 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.

Funding rounds are not available yet.

Founders

1 founder

Ryan Neu

Founder

Product

Problem

Businesses often lack clear visibility into fair market prices for software, leading to overspending and inefficient procurement processes. Negotiating favorable software contracts requires significant time and expertise, putting smaller companies at a disadvantage.

Solution

Vendr is a software purchasing platform that provides data-driven insights into software pricing, enabling businesses to secure optimal deals. The platform aggregates pricing data from thousands of software transactions, offering transparency into market rates for over 20,000 software products. Vendr's pricing AI analyzes quotes, identifying opportunities for savings and validating whether current pricing is fair. Businesses can leverage Vendr's data to negotiate confidently, access pre-negotiated deals through a network of seller partners, and streamline the software procurement process. By providing real-time pricing benchmarks and negotiation support, Vendr empowers organizations to make informed purchasing decisions and maximize their software investment.

Target Audience

Vendr primarily targets businesses of all sizes looking to optimize their software spending, including procurement teams, finance departments, and IT managers.

Features

Real-time pricing data for over 20,000 software products, sourced from actual transactions
AI-powered price check tool that analyzes quotes and identifies potential savings
Marketplace with pre-negotiated deals from a network of over 100 seller partners
Quote upload functionality for instant price validation and comparison
Customizable price estimates based on term length, usage, and purchase type
Chrome extension for instant access to pricing data while browsing software websites
Category-based browsing to easily find software solutions for specific business needs