Vendly is a mobile-first social marketplace that lets users quickly list items by snapping a photo, sell to friends or strangers, and 'revend' (share) listings to their followers. The app launched on the App Store two months prior and has grown to 5,000 users and 3,000 published products, with user growth reportedly doubling each month. Currently payments are handled off-app via an IM chat between buyer and seller, but the next version will bake in payments so Vendly can track transactions and pay commissions to revendors. The company offers free listings and is testing social features like profiles, follower counts, and proximity filters; it plans multiple monetization options including premium retailer accounts, affiliate commissions, and a CPC injection model to promote vends. Vendly was backed by a $200,000 seed from UDD Ventures and has relocated from Chile to San Francisco while preparing to raise a Series A this spring. The founding team includes CEO Alan Strauss, CMO Alan Nudman, and CTO Andres Gottlieb, and the product is iterated frequently with new releases every two weeks.

Total raised

$0M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2013