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VMS provider VNDLY announces $11 million funding round

March 01 2019

Vendor management system provider VNDLY announced it closed an $11 million in a series A funding round led by Battery Ventures and Hyde Park Venture Partners.

“We founded VNDLY in 2017 to address a rapidly growing problem fueled by the rise of contractors, freelancers and the gig economy,” said Shashank Saxena, CEO and co-founder VNDLY, adding the company has since added several Fortune 500 brands as customer.

The Cincinnati-based firm said its product comprises four modules: contingent workforce management, statement-of-work management, independent contractor compliance and total talent acquisition.

VNDLY will get three new board members as part of the deal: Michael Brown, general partner at Battery Ventures; Chris Calder, director EPIC Ventures; and Tim Kopp, partner, Hyde Park Venture Partners.

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