Vendorvue funding news – Vendorvue Secures €1.4 Million in Funding

This funding round will empower Vendorvue to revolutionize vendor management through cutting-edge AI applications. The goal? To enable procurement teams to double their efficiency, shedding administrative tasks and empowering them to concentrate on pivotal strategic decisions.

Michiel Bearelle, CEO and co-founder of Vendorvue said, "Procurement teams have seen their workload grow significantly in recent years due to the increasing demands of managing vendor compliance—collecting certificates, ensuring adherence to supplier codes of conduct, gathering sustainability reports, and more, But the tools they’re using—like Excel or outdated ERP systems—weren’t built for this, making the process inefficient and error-prone."

It revolutionizes procurement processes by automating contract and compliance document management. With its intuitive vendor portal and AI-powered platform, Vendorvue ensures clear communication, reduces compliance risks, and keeps operations running smoothly.

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From initial onboarding to ongoing monitoring, it supports every stage of the compliance lifecycle, helping teams avoid penalties and supply chain disruptions.

Anthony Ringoet, co-founder and CTO said, "By automating traditionally manual processes, Vendorvue enables procurement teams to manage compliance at scale without the headaches, Our platform not only ensures compliance but also enhances vendor management efficiency, driving smarter operations and mitigating risks."

Three seasoned businessmen with extensive knowledge in SaaS and B2B sectors, Michiel Bearelle, Anthony Ringoet, and Jean-Marc Bosschem, formed Vendorvue. Vendorvue has emerged as a significant player in the vendor compliance market thanks to their vision and leadership.

It plans to expand throughout Europe, grow its team, and improve its AI-driven platform with the infusion of €1.4 million in fresh capital. With the help of leading business angels including Pitchdrive and Syndicate One, it will be able to expand the possibilities for using artificial intelligence to vendor management. The ultimate objective is to enable procurement teams to work twice as quickly as possible, relieving them of administrative duties and giving them more time to concentrate on strategically important decisions.

About Vendorvue

Vendorvue, which was founded by Anthony Ringoet, Jean Marc Bosschem, and Michiel Bearelle, is transforming vendor management for procurement teams. They understand that it can be intimidating to navigate the complicated world of vendor information, which includes supplier codes of conduct and regulatory compliance documentation. Rigid ERP systems and conventional tools like Word and Excel sometimes fall short, resulting in dissatisfaction and inefficiencies.