Venminder provides a SaaS-based platform that helps customers—from small businesses to Fortune 500 companies—build an end-to-end view of vendor risks. The platform enables customers to track, automate, assess, and report on vendor activity in a centralized information repository. Earlier in the year the company launched the Venminder Exchange, a marketplace allowing professionals (CISSPs, CPAs and others) to search and preview vendor risk assessments. Led by CEO James Hyde and founded by Dana Bowers, Venminder is based in Elizabethtown, Kentucky. The company plans to use the new funding for feature development, to capture additional share in core verticals and to expand into new markets. It recently raised $33M in growth financing. Venminder provides a SaaS platform designed as an all-in-one partner to optimize and streamline third-party risk management for enterprise-grade companies. Its software is built to drive an entire third-party risk management program and is supported by in-house teams that identify and risk-assess vendor documentation and data for oversight analytics and insights. The company maintains a large library of completed assessment data and documentation on thousands of U.S. vendors. Venminder completed a $5M funding round and will use the proceeds to accelerate development of enhancements aimed at large enterprises with complex programs. Led by CEO James Hyde and based in Elizabethtown, KY, the company targets organizations looking to centralize and scale vendor risk processes. Venminder provides a SaaS-based software platform and managed services to help organizations manage third-party vendor risk across the vendor lifecycle. Its platform guides users through contract management, risk assessments, due diligence, questionnaires and task management. The company has expanded its solution set to serve the broader financial services industry, including banks, credit unions, brokerage and securities firms, non-bank lenders and payments companies. Over the past two years Venminder has tripled revenue and earlier this year added its 500th customer. Venminder is led by founder and CEO Dana Bowers and is based in Elizabethtown, KY. The company plans to use the new funding to further growth and advance development of its compliance platform. Venminder is a vendor management SaaS and services provider for credit unions and banks, led by CEO and founder Dana Bowers. The company offers a platform to assess, monitor and manage third-party vendor risks. Its solution guides users through risk assessments, due diligence requirements and task management. It also lets users organize, track and report findings to senior management, the board of directors and examining bodies. Venminder is based in Elizabethtown, Kentucky. Following the financing, the company plans to continue development of its vendor management software platform and expand its team.

Total raised

$47M

Funding rounds

4

Latest round

Series C

Latest activity

Nov 2020