Vendr Raises $60M in Series A Funding

Vendr, a Boston, MA-based provider of a SaaS buying platform, raised $60m in Series A funding.

The round was led by Tiger Global Management, with participation from existing investors Craft Ventures, Y Combinator, Sound Ventures, Garage Capital, and F-Prime Capital.

The company intends to use the funds to expand its product offerings and open international operations to service its global customers.

Launched in 2019 by Ryan Neu, CEO, Vendr provides a buying platform for companies to buy and renew SaaS. The company, which has over 50 employees in Boston and Charleston, has now facilitated more than $300 million in SaaS purchases across 1,000+ suppliers.