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About
VendorPM came out of a window-cleaning business. Emiel Bril started knocking doors at 14, grew it through high school and university to almost 10,000 homes a summer, and eventually sold to property managers instead of homeowners — office towers, condos, apartment buildings. What he found there was a market spending hundreds of billions a year on service vendors and running all of it on email, Excel and word of mouth. VendorPM launched in January 2020 to modernize that. It began as a marketplace matching property managers with vendors, then moved toward software as customers made clear that the industry runs on existing relationships, and that tooling those workflows beat sourcing new ones. The platform now covers vendor credentialing, eTendering and contract management.
Backers
Prudence led the $20M Series A in August 2022, with Navitas Capital, Alate Partners, Colliers, RXR and Bessemer Venture Partners, plus angels Dick Costolo and Mark Rose. Bessemer led the $6M seed. Bril has said Forum Ventures (then Acceleprise) wrote the first cheque and re-upped every round. Total raised since is not confirmed.
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Quick answers
What does VendorPM do?
Vendor management, procurement and compliance software for the real estate industry — credentialing, tendering and contract management in one platform, so property managers and their service vendors stop running the work on email and spreadsheets.
Who founded VendorPM?
Emiel Bril, Dylan Sher and Neel Bali, in January 2020. Bril is CEO. He and Sher had been best friends since their teens, when Sher pulled him into the door-to-door window cleaning work that eventually led to VendorPM.
How much has VendorPM raised?
A $1M pre-seed, a $6M seed led by Bessemer, and a $20M Series A led by Prudence in August 2022, alongside a $5M debt round. Bril has said the pre-seed took 4.5 months and 92 investor meetings; the seed took seven days and produced seven term sheets.