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The 10 Hottest SaaS Startups Of 2022 (So Far)

Wade Tyler Millward

Abacus Insights, Evo Security and Zomentum are just some of the SaaS startups that have made CRN’s list.

Vendr

CEO: Ryan Neu

Headquarters: Boston

Webstie: vendr.com

SaaS for SaaS appears to be Vendr’s offer to customers with its subscription platform that shows companies available software to buy, pricing data and provides a single system of record for managing the software stack.

Founded in 2019 and based in Boston, Vendr promises dollar and time savings by taking in data including supplier names, annual amounts and renewal dates and improving payment terms, increasing plan tiers and reducing unit rates, among other actions to get better prices.

The platform also facilitates sign-offs from the necessary stakeholders such as finance, security and legal, according to Vendr. Customers include HubSpot, GitLab and DraftKings.

Vendor has channel partners, including Microsoft Gold partner Emergent Software, according to the company. It has processed more than $1 billion in software spending and delivered $200 million in savings to customers.

In June, Vendr raised $150 million in a series B round of funding, among the largest rounds of funding for a SaaS company this year. Craft Ventures and SoftBank Vision Fund 2 co-led the round. Sozo Ventures, F-Prime Capital, Sound Ventures, Tiger Global and Y Combinator participated.

Vendr will invest the money into the platform and use the money in case of an economic downturn, according to the company.

Before he founded the company, CEO Ryan Neu worked at InVisionApp for more than a year, according to his LinkedIn. He left the company in 2018 with the title of head of enterprise sales for the Americas.

Neu also worked at HubSpot for more than five years, according to his LinkedIn. He left the company in 2016 with the title of director of sales for small and midsize businesses (SMBs).

 
Wade Tyler Millward

Wade Tyler Millward is an associate editor covering cloud computing and the channel partner programs of Microsoft, IBM, Red Hat, Oracle, Salesforce, Citrix and other cloud vendors. He can be reached at wmillward@thechannelcompany.com.

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