VNDLY is a technology company.
VNDLY has raised $49.0M across 3 funding rounds.
VNDLY has raised $49.0M in total across 3 funding rounds.
VNDLY is a technology company that builds a cloud-native SaaS platform for managing contingent and non-employee workforces, serving Fortune 500 enterprises in human capital management.[1][2][3] Its core product, a Vendor Management System (VMS) evolved into a Work Management System (WMS), handles the full lifecycle of temporary workers, contractors, freelancers, and statement-of-work (SoW) engagements—from requisition and onboarding to compliance, invoicing, payment, and offboarding—acting as an ERP system of record for non-W2 labor.[1][2] The platform solves inefficiencies in legacy VMS by simplifying implementation, integrations, and change management through automation, AI, and modules like Contingent Workforce Management, SoW Management, Independent Contractor Compliance, and Total Talent Acquisition, enabling unified management of extended workforces alongside full-time employees.[2][5][6] Founded in 2017 and acquired by Workday for $510 million in November 2021, VNDLY now operates as Workday VNDLY, powering total workforce management for HR, procurement, and finance teams with strong growth evidenced by $46 million in funding and rapid scaling to support major clients.[1][3]
VNDLY was founded in 2017 in Mason, Ohio, as a modern alternative to legacy VMS solutions in the trillion-dollar contingent labor market, where over 50% of some Fortune 500 workforces (e.g., Google) consist of contractors and vendors.[1][3] Key early investors included Battery Ventures, which co-led the Series A in February 2019 (with nine employees) and followed on in the Series B by December 2019, betting on VNDLY as the "Workday for non-W2 employees."[3] The idea emerged from recognizing the need for a cloud-based system to manage growing non-employee populations efficiently, leading to $46 million raised and quick traction with Fortune 500 clients.[1][3] A pivotal moment came in November 2021 when Workday acquired VNDLY for $510 million, integrating it into its HCM ecosystem to unify internal and external workforce management and extending capabilities to over 50% of Fortune 500 customers.[3]
VNDLY rides the surge in contingent labor and total workforce management trends, where enterprises increasingly rely on flexible, non-permanent talent amid a trillion-dollar market shift.[3][5] Its timing aligns with the gig economy's expansion and AI's rise, positioning Workday VNDLY as a bridge for managing human, contingent, and digital workers in one ecosystem—critical as legacy VMS lag in AI adoption and cross-functional integration.[5] Market forces like procurement-HR alignment, compliance demands, and agentic AI (e.g., Workday's Agent System of Record) favor its model, influencing the ecosystem by redefining VMS into intelligent platforms that unify HCM with procurement and finance via automation and open APIs.[5][7] This elevates Workday's dominance, enabling 50%+ of Fortune 500s to streamline extended workforces.
Workday VNDLY is poised to lead total talent ecosystems by expanding its AI "control plane" for agentic workflows, integrating human and AI labor across HR functions.[5] Trends like AI-driven orchestration and unified workforce platforms will accelerate its growth, potentially capturing more of the contingent market as enterprises demand seamless scalability. Its influence may evolve from VMS specialist to core HCM extender, shaping how global firms adapt to hybrid workforces—building on its acquisition-fueled momentum to redefine workforce agility in an AI era.[3][5][7]
VNDLY has raised $49.0M in total across 3 funding rounds.
VNDLY's investors include 01 Advisors, Act One Ventures, Album VC, Battery Ventures, Bowery Capital, BoxGroup, Greylock, Hannah Grey, Hyde Park Venture Partners, Indicator Ventures, Insight Partners, Scott Sandell.
VNDLY has raised $49.0M across 3 funding rounds. Most recently, it raised $35.0M Series B in December 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2019 | $35.0M Series B | 01 Advisors, Act One Ventures, Album VC, Battery Ventures, Bowery Capital, BoxGroup, Greylock, Hannah Grey, Hyde Park Venture Partners, Indicator Ventures, Insight Partners, Scott Sandell, Oak HC/FT, Pelion Venture Partners, Poplar Ventures, Smash Capital, Y Combinator, Aaron Skonnard, Gokul Rajaram, Greg Brockman, Henry Kravis | |
| Feb 1, 2019 | $11.0M Series A | 01 Advisors, Act One Ventures, Battery Ventures, Bowery Capital, BoxGroup, Greylock, Hannah Grey, Hyde Park Venture Partners, Indicator Ventures, Poplar Ventures, Y Combinator, Gokul Rajaram, Greg Brockman, Henry Kravis | |
| May 1, 2017 | $3.0M Seed | 01 Advisors, Battery Ventures, Bowery Capital, BoxGroup, Greylock, Hannah Grey, Hyde Park Venture Partners, Indicator Ventures, Okta Ventures, Smash Capital, Y Combinator, Dave Knox, Gokul Rajaram, Greg Brockman, Henry Kravis, Rob McDonald, Trevor Wright |