VendorHawk Inc.

VendorHawk Inc. is a technology company specializing in procurement solutions that optimize vendor management processes for businesses. Its platform simplifies vendor selection and contract management, enhancing overall procurement efficiency. VendorHawk Inc.

was founded in 2015 and operates out of Seattle, US. The company focuses on providing innovative procurement solutions to streamline vendor management. In April 2018, VendorHawk was acquired by ServiceNow, although the financial terms of the transaction were not disclosed. The founder's history and prior ventures are not publicly available.

Since its inception, VendorHawk has participated in 2 deals, with its most recent round being a Seed round on April 25, 2018, where it raised a total of USD 1. 20 mn from investors including Inovia Capital, Alliance of Angels, Curious Capital, Social Starts, Techstars, and Telos Venture Partners. VendorHawk offers procurement solutions that include automated workflows designed to enhance vendor management processes. The platform provides tools for vendor selection, contract management, and data analysis, aimed at improving operational efficiency for clients.

VendorHawk serves a variety of sectors, focusing on optimizing procurement strategies for businesses of all sizes. VendorHawk generates revenue through subscription models for its procurement platform. Clients engage in annual or multi-year contracts with tiered pricing plans based on their specific needs and the complexity of their procurement processes. This model allows for scalable solutions, accommodating varying sizes and operational needs of organizations utilizing VendorHawk's services.

VendorHawk plans to leverage its recent funding to enhance its product offerings and expand into new geographic markets. The company is currently focused on developing new procurement solutions, although specific product release dates are not disclosed. The acquisition by ServiceNow is expected to bolster VendorHawk's capabilities and market reach, facilitating entry into new regions and sectors, enhancing overall service delivery. The funding will support these growth initiatives, allowing VendorHawk to scale its operations and explore new opportunities.