Fundz

Vendia, Inc. reported raising $21.3 Million in an initial SEC Form D filing, from an offering of $30 Million

PRIVATEDec 20, 2021$21.3M of $30M raised

Amount Raised

$21.3 Million

$21.3 Million sold, per SEC Form D (first sale Dec 20, 2021)

Round Type

Venture

San FranciscoOtherInformation TechnologyFinancial ServicesSoftwarePayments

Quick answer

Vendia raised $21.3 Million in a funding round, dated December 20, 2021. Vendia is based in San Francisco, California, United States.

How much did Vendia raise?
Vendia raised $21.3 Million in a funding round on December 20, 2021.
What does Vendia do?
Since launching Vendia, the company added new customers like BMW, Aerotrax and Slalom, who use it to have a single source of truth for their multi-cloud data sharing with some of their partners.
Where is Vendia based and how big is it?
Vendia is based in San Francisco, California, United States.

Source: Fundz verified event record.

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Company Information

Company

Vendia

Location

San Francisco, California, United States

About

Since launching Vendia, the company added new customers like BMW, Aerotrax and Slalom, who use it to have a single source of truth for their multi-cloud data sharing with some of their partners. As Wagner noted, the company mostly focused on the financial services, travel and hospitality verticals so far, though with the new funding, it’ll likely look to expand to new verticals as well. Wagner also noted that the company recently launched a new product line around CRM data sharing and since the company is seeing a lot of traction around its file-sharing capabilities, it is also investing in that as well. The fact that it uses a blockchain to do so is somewhat secondary to this (and the company barely mentions it on its homepage), but it’s what allows the company to offer an immutable serverless ledger to its users to ensure data accuracy as well as provenance and traceability. With Vendia, we’ve been able to reinvent our business model to accommodate a frictionless customer onboarding experience and significantly reduced sales cycles.”The Vendia team tells me that the company currently has about 100 employees and the plan is to use the new funding to double that by the end of the year.Vendia raises $5.1M for its multicloud serverless platform Developers, meanwhile, won’t have to think about this blockchain part of the service as they only have to provide a JSON schema with the data model and Vendia will provide them with a GraphQL API to work with this data.

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Vendia raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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