
Vendr
Founded Year
2018Stage
Series B | AliveTotal Raised
$216.15MValuation
$0000Last Raised
$150M | 4 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-56 points in the past 30 days
About Vendr
Vendr operates a software marketplace that provides pricing benchmarks, negotiation support, and procurement automation in the software purchasing domain. The company offers a platform for teams to buy software. Vendr serves different departments within businesses that require software solutions. It was founded in 2018 and is based in Boston, Massachusetts.
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Vendr's Product Videos
ESPs containing Vendr
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The SaaS spend management software market provides platforms that help organizations monitor, control, and optimize their expenses on subscription-based software services. As businesses increasingly rely on diverse SaaS tools for various functions like CRM, analytics, and HR management, these solutions have become essential for financial governance. Vendors in this market offer capabilities includ…
Vendr named as Leader among 15 other companies, including SAP, Ramp, and Apptio.
Vendr's Products & Differentiators
Vendr
Vendr is changing how companies discover, buy, and renew SaaS. The first of its kind, Vendr's SaaS buying platform offers both a product and people-powered service to enable the world's fastest-growing companies to purchase software quickly and with guaranteed savings.
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Expert Collections containing Vendr
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Vendr is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,309 items
SMB Fintech
1,586 items
Fintech
9,809 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Vendr News
Jul 31, 2025
TheMarketingblog Your customers made a decision about your business within the first 15 seconds of using your digital product. That split-second judgment determines whether they’ll stick around or click away to a competitor who actually gets it right. Professional UX design service transforms these costly mistakes into competitive advantages that drive measurable growth. Real UX strategy starts with understanding why people struggle with your current setup. Instead of guessing what users want or copying what competitors do, strategic UX digs into actual behavior patterns. Why do visitors abandon your checkout process at step three? What makes potential customers close your product demo before seeing its best features? This work reveals problems you never knew existed. Take the difference between fixing a symptom versus solving the root cause. A regular designer might suggest changing button colors when conversion rates drop. A strategic approach investigates why people aren’t clicking those buttons in the first place. Consider how Vendr approached SaaS procurement challenges. They didn’t just build another project management tool with better graphics. Their team studied how procurement professionals actually work, mapping out the specific pain points that made existing solutions frustrating. The result? A visual workflow builder that feels intuitive because it matches how people naturally think about complex purchasing processes. This research-first methodology creates lasting solutions rather than temporary fixes. When you understand the “why” behind user behavior, design decisions become strategic business moves rather than aesthetic experiments. How Does Poor UX Strategy Cost Your Business Money? Every frustrating user experience translates directly into lost revenue. The costs accumulate in ways most business leaders never fully calculate. Customer support teams spend hours explaining functionality that good design would make obvious. Development teams repeatedly modify features because the original implementation confused users. Marketing campaigns drive traffic to websites that fail to convert visitors into paying customers. The Systems Sciences Institute at IBM research reveals something striking: fixing usability problems after launch costs 100 times more than addressing them during the design phase. This dramatic cost difference happens because poor UX creates cascading problems throughout your entire business operation. When your checkout process confuses customers, you’re not just losing individual sales. You’re also paying for: Support tickets from frustrated users who can’t complete basic tasks Development time spent patching problems that proper planning would have prevented Marketing waste as advertising drives traffic to experiences that don’t convert Competitive disadvantage as customers discover alternatives that actually work The Real Cost of Customer Frustration Customers don’t give second chances anymore. PwC’s “Future of Customer Experience” states that 32% of people will abandon a brand after just one negative experience. In competitive markets, every usability problem directly feeds your competitors’ growth. Revenue leakage occurs at every friction point. E-commerce sites lose sales when product pages don’t answer basic questions. SaaS platforms struggle with retention when users can’t accomplish core workflows efficiently. B2B companies watch prospects choose competitors because their product demonstrations highlight complexity rather than value. The opportunity costs compound over time. While your team invests resources in fixing preventable problems, competitors with superior user experiences capture market share and build customer loyalty that becomes increasingly difficult to challenge. What Financial Returns Can You Expect From UX Investment? Forrester Research shows $100 in returns for every $1 invested in user experience improvements—a 9,900% ROI that makes UX one of the highest-performing business investments available. These returns come from multiple directions. Conversion rates improve when interfaces guide users naturally toward desired actions. Support costs decrease when products become intuitive. Customer lifetime value increases when positive experiences encourage repeat business and referrals. Real-World Revenue Impact One remarkable UX success story involves a simple change with massive results. Jared Spool from User Interface Engineering documented a case where a major e-commerce retailer struggled with low conversion rates despite significant traffic. Usability testing revealed that customers felt uncomfortable creating accounts before making purchases. The design team replaced the “Register” button with “Continue” and added clear messaging about guest checkout options: “You do not need to create an account to make purchases on our site. Simply click Continue to proceed to checkout.” This single modification increased annual revenue by $300 million because it addressed a real user concern rather than making cosmetic improvements. Purpose-built solutions in specialized industries succeed because they solve specific workflow challenges that generic platforms ignore. When teams understand how professionals actually work in their specific field, they can create interfaces that feel natural rather than forcing users to adapt to software limitations. McKinsey’s research shows companies that prioritize design achieve 32% higher revenue growth and 56% higher total returns to shareholders, proving that UX strategy creates long-term business value. How Does UX Strategy Create Competitive Advantages? Superior user experiences function as protective barriers against competitive threats. When customers successfully accomplish their goals using your products, they develop workflow dependencies that create real switching costs for alternatives. This “UX moat” becomes particularly valuable in crowded markets where functional differences between products continue shrinking. Customers stick with solutions that work well for them, even when competitors offer similar features or lower prices. Strategic UX enables businesses to anticipate market shifts rather than constantly react to them. User research reveals emerging needs before competitors recognize trends. Organizations with mature UX strategies adapt faster to changing customer expectations. Building Sustainable Market Position Satisfied customers become advocates who generate referrals and positive reviews. Reduced support costs free resources for innovation. Improved conversion rates increase marketing efficiency and enable more aggressive expansion strategies. Consider how platforms like Jobble differentiate themselves in the competitive hiring space. Rather than adding more features to already complex systems, they focused on creating end-to-end experiences that actually make sense to busy hiring managers. Their success comes from understanding specific challenges recruiting teams face. Companies with strategic UX advantages can also enter new markets more confidently. Products that work intuitively for diverse user groups require minimal adaptation, making expansion into different industries or geographic regions much more scalable. What Should Business Leaders Do To Start Implementing a UX Strategy? Successful UX strategy implementation starts with an honest assessment of current user experiences. Most business leaders discover problems they never realized existed when they actually observe how people interact with their products. Getting Started With Strategic UX Step 1: Audit Your Current Experience Navigate your own product as a first-time user would. Record every moment of confusion, frustration, or uncertainty you encounter along the way. Step 2: Define Clear Success Metrics Select 2-3 measurable objectives like reducing customer support requests, improving conversion rates, or increasing user retention periods. Step 3: Target High-Impact, Low-Effort Improvements Address obvious usability problems before undertaking major redesign projects. Sometimes, clearer button labels solve more customer problems than complete visual overhauls. Step 4: Establish Regular Feedback Loops Schedule consistent user testing sessions, even informal monthly conversations with 5-6 customers, which often reveal more actionable insights than quarterly survey data. Create implementation roadmaps that balance immediate improvements with strategic foundation building. Address obvious usability problems first to demonstrate value quickly, then invest in user research and design system development that enables sustained improvement over time. Consider whether internal team development or external expertise better serves your organizational needs. Many businesses find success combining both approaches: leveraging external specialists to establish solid foundations, then developing internal capabilities for continuous improvements and iterations. Ready to Transform Your Digital Experience? UX strategy represents business infrastructure rather than creative luxury in today’s competitive markets. Organizations that treat user experience as a strategic foundation gain measurable advantages through improved conversion rates, reduced operational costs, and sustainable competitive differentiation. The evidence overwhelmingly supports UX investment as a sound business strategy. Companies prioritizing user-centered design achieve higher revenue growth, better customer retention, and superior market positioning compared to competitors who treat user experience as an afterthought. Every business deserves digital experiences that actually work for the people using them. Whether you’re launching something new, improving existing products, or just tired of hearing complaints about confusing interfaces, the opportunity is right in front of you. The companies winning today didn’t wait for perfect conditions—they just started making things better, one improvement at a time.
Vendr Frequently Asked Questions (FAQ)
When was Vendr founded?
Vendr was founded in 2018.
Where is Vendr's headquarters?
Vendr's headquarters is located at 501 Boylston Street, Boston.
What is Vendr's latest funding round?
Vendr's latest funding round is Series B.
How much did Vendr raise?
Vendr raised a total of $216.15M.
Who are the investors of Vendr?
Investors of Vendr include Sound Ventures, Y Combinator, Craft Ventures, F-Prime Capital, Tiger Global Management and 18 more.
Who are Vendr's competitors?
Competitors of Vendr include Spendflo, Vertice, Cacheflow, Sastrify, Zluri and 7 more.
What products does Vendr offer?
Vendr's products include Vendr .
Who are Vendr's customers?
Customers of Vendr include HubSpot , Brex and Plaid .
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Compare Vendr to Competitors

Zylo focuses on managing and optimizing software as a service (SaaS) within organizations. The company provides a platform for SaaS inventory, license, and renewal management, for IT, Procurement, and Software Asset Management (SAM) teams. It was founded in 2016 and is based in Indianapolis, Indiana.

Tropic provides spend management solutions within the procurement and finance sectors. It offers a platform that integrates spend intelligence, procurement orchestration, and insights to assist with spending, vendor management, and procurement processes. Its services include spend forecasting, contract management, supplier intake, and shadow Information technology (IT) management. It was founded in 2019 and is based in New York, New York.

Vertice focuses on spend optimization for software-as-a-service (SaaS) and cloud services within the finance and procurement sectors. The company offers a platform that allows for the management of software and cloud spending, with the goal of reducing expenses and improving procurement workflows. Vertice's services include support for SaaS purchasing, cloud cost management, and automation of procurement tasks. It was founded in 2021 and is based in London, United Kingdom.

Torii is a company that specializes in SaaS management, focusing on automating the discovery, optimization, operations, and compliance of SaaS applications within IT departments. The company offers a platform that enables shadow IT discovery, SaaS onboarding and offboarding, application lifecycle automation, and vendor and renewal management, all powered by AI. It was founded in 2017 and is based in New York, New York.

Productiv specializes in Software as a Service (SaaS) management, providing a platform that facilitates better decision-making across various business sectors. The company offers a comprehensive solution for managing the entire SaaS lifecycle, including procurement, usage monitoring, access management, and renewal processes, all enhanced by artificial intelligence (AI) powered insights. Productiv primarily serves sectors that require collaborative software procurement and management, such as IT, finance, and procurement departments. It was founded in 2018 and is based in Palo Alto, California.

Zluri specializes in the SaaS management platform sector and focuses on providing comprehensive visibility and control over SaaS applications for modern enterprises. The company offers solutions for detecting shadow IT, optimizing SaaS costs, and governing user access, all through a unified platform with workflow automation and built-in iPaaS capabilities. Zluri's platform is designed to serve IT and security teams across various industries, including gaming and biotech. It was founded in 2020 and is based in Milpitas, California.
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