VendorPM is a technology company.
VendorPM has raised $20.0M across 1 funding round.
VendorPM has raised $20.0M in total across 1 funding round.
VendorPM has raised $20.0M in total across 1 funding round.
VendorPM's investors include 01 Advisors, 1984 Ventures, Conviction Partners, Greylock, The Community Fund, Andrew Bialecki, Dennis Steele, Eric Rea, Mathilde Collin.
VendorPM is a Toronto-based PropTech company providing an all-in-one platform for vendor lifecycle management in commercial real estate, combining AI-powered tools with human support to handle vendor onboarding, credentialing, eBidding, compliance, and contract management.[1][2][3][4] It serves property managers at large firms (e.g., Colliers, Avison Young, Related Group) and vendors, solving inefficiencies from manual processes like email and spreadsheets by centralizing workflows, ensuring 96.3% compliance, delivering 17.7% savings, and supporting over 10,000 buildings and 70,000 vendors across North America.[1][3][5] With 47 employees and recent expansions like its Contract Management module, VendorPM drives operational efficiency, risk reduction, and cost optimization in a fragmented industry.[3][4][5]
VendorPM was founded by Emiel Bril, CEO and Co-Founder, who identified the shocking inefficiency in vendor-property manager interactions—reliant on manual tools like email and Excel—despite the real estate sector's scale.[2][3] Emerging from this insight, the company launched as a procurement and compliance platform tailored for commercial real estate, starting with vendor management and expanding to full lifecycle coverage.[6] Early traction came from automating onboarding and approvals, growing its network to thousands of buildings and vendors; pivotal moments include closing a Series A funding round in 2022 and securing partnerships with major firms like Colliers Chicago, which streamlined their processes.[1][5][6]
VendorPM rides the PropTech wave modernizing commercial real estate's outdated vendor management, where manual processes expose firms to risks, inefficiencies, and poor governance amid rising operational costs.[2][3][4][7] Timing aligns with post-2022 digital acceleration, as property firms demand integrated tech post-pandemic; market forces like labor shortages and compliance regulations favor centralized AI platforms that cut silos and optimize spend.[3][5][10] It influences the ecosystem by standardizing procurement—connecting vendors to opportunities while empowering managers with data-driven decisions—setting a new industry benchmark and partnering with giants like Colliers and BGO to scale adoption.[1][5]
VendorPM is poised for accelerated growth, building on Series A momentum with enterprise scalability features and innovations like multi-property tenders, potentially expanding beyond North America as PropTech consolidates.[5] Trends like AI-driven procurement and stricter ESG/compliance mandates will propel it, evolving its influence from niche solver to essential infrastructure for real estate ops. As the sole end-to-end VLM leader, expect deeper ERP integrations and global reach, further slashing costs and risks in a tech-hungry sector—cementing VendorPM's role in streamlining the $100B+ real estate services market.[3][5]
VendorPM has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series A in August 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2022 | $20.0M Series A | 01 Advisors, 1984 Ventures, Conviction Partners, Greylock, The Community Fund, Andrew Bialecki, Dennis Steele, Eric Rea, Mathilde Collin |