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VendorPanel
VendorPanel, a leading Australian procurement platform operating in the US, Canada, Australia and New Zealand, announced today it has secured A$4.3 million in Series B capital from new and existing shareholders.
The company is a leader in the Australian ProcureTech market, with over 250 Customers and more than 1,000 corporate and government buying organisations actively purchasing via the platform. The investment will accelerate the company’s US entry following a successful launch in January 2021.
“We’ve developed an innovative solution to a big problem and have proven it in the Australian market,” said VendorPanel CEO James Leathem. “It’s pretty incredible that this same opportunity exists in the United States, and that it’s currently wide open. Not only is this an awesome opportunity in its own right, but it creates a beachhead to the broader US market where annual state and local government procurement is worth over US$1.5 trillion. We’re excited to