Vendorvue raised €1.4M in a funding round led by Pitchdrive and Syndicate One to enhance its AI-driven compliance software and expand across Europe.

Oct 16, 2024•10 months ago

Amount Raised

€1.4 Million

Round Type

seed

GhentCrmEnterprise SoftwareSaasArtificial IntelligenceSoftware

Investors

Syndicate OnePitchdrive

Description

Vendorvue has secured €1.4 million in funding to improve its automated compliance software. The investment will allow the company to grow its team and enhance its platform capabilities for procurement teams across Europe.

Company Information

Company

Vendorvue

Location

Ghent, East Flanders, Belgium

About

Vendorvue is a SaaS company that offers an AI-driven platform designed to automate vendor compliance processes. Founded by experienced entrepreneurs, it aims to enhance efficiency and reduce administrative burdens for procurement teams. The platform supports the entire compliance lifecycle, from onboarding to ongoing monitoring and audits. Vendorvue has quickly established itself as a powerful tool for managing vendor compliance and improving operational efficiency.

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Funding Insights

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers