Vendr helps finance and procurement teams benchmark software prices and negotiate SaaS contracts using data from real B2B transactions.
Vendr is a software procurement platform that helps companies figure out what they should be paying for SaaS products and negotiate better deals on new purchases and renewals. It was built around the insight that most companies overpay for software because they lack visibility into what similar buyers actually pay.
The company was started in 2018 and went through Y Combinator's Summer 2019 cohort. It raised a series of venture rounds, including a 60 million dollar Series A led by Tiger Global and a 150 million dollar Series B co-led by Craft Ventures and SoftBank Vision Fund, for total funding above 216 million dollars, and is headquartered in Boston, Massachusetts.
Vendr's original product had its own team of negotiators buy software on behalf of customers directly. The company later broadened into a self-serve software platform, Vendr 2.0, launched in 2022, and more recently layered in AI agents for pricing benchmarking and supplier negotiation.
Vendr's Pricing Intelligence Agent gives buyers real-time benchmark pricing for a given software product based on the company's dataset of more than 15 billion dollars in verified transactions and over 130,000 negotiations, so buyers know what a fair price looks like before entering a negotiation.
The Negotiation Agent can autonomously handle supplier email negotiations, managing counteroffers and terms without requiring buyers to sit in on every call, which Vendr reports achieves roughly an 87 percent success rate across its negotiations.
The platform also includes contract analysis to flag overcharges and negotiable terms in existing agreements, plus integrations with procurement and finance workflows through its API.
Vendr does not publish self-service pricing for its own platform; access is sold through custom quotes typically scoped to a customer's total software spend under management, consistent with how similar SaaS spend management platforms like Tropic and Zylo price their services.
Vendr has historically also offered negotiation-as-a-service engagements, where its team directly negotiates specific software contracts on a customer's behalf, in addition to platform-only subscription access.
Vendr is a SaaS buying and pricing intelligence platform that helps finance and procurement teams benchmark software prices and negotiate better contract terms.
Vendr was started in 2018 and went through Y Combinator's Summer 2019 batch.
Vendr is headquartered in Boston, Massachusetts, with a second office in Charleston.
Yes, Vendr was acquired by Vertice, a competing SaaS spend management platform, effective June 1, 2026.
Vendr does not publish self-service pricing; access is sold through custom quotes typically based on a company's total software spend under management.
Vendr draws on a proprietary dataset described as more than 15 billion dollars in verified software transactions and over 130,000 real negotiations across more than 4,500 suppliers.
Vendr competes with SaaS spend management and procurement platforms such as Tropic, Zylo, and its acquirer, Vertice.