Vendor Registry, a Knoxville, Tenn.-based local government purchasing platform and marketplace, raised a $1.8m in seed funding.
The round included Allos Alpha, Chattanooga Renaissance Fund, The Lighthouse Fund, Cantos Ventures and VentureSouth.
The company intends to use the funds to continue to expand operations.
Founded by Chris Van Beke and Brian Strong in 2013, Vendor Registry is a SaaS platform that connects local governments and vendors and streamlines manual purchasing processes in order to generate new revenues for vendors and suppliers, decrease costs for government and institutional purchasing departments.
Hundreds of local governments and thousands of vendors across 20 states now connect on the platform.