VendorPM, a proptech firm, announced the completion of a $20 million Series-A fundraising round. The company makes software for property managers for vendor management, sourcing, procurement, and compliance.
The money is expected to go to further building out the company, expansion into additional markets like Chicago and Washington, D.C., and the development of new products.
Leading the round was Prudence, with "significant contribution from Bessemer Venture Partners, Navitas Capital and Alate Partners." In addition, "strategic investors in the round include Colliers and RXR alongside notable angels; Dick Costolo (Former CEO of Twitter), Mark Rose (Chair & CEO of Avison Young) and others."
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