NetVendor

NetVendor is a B2B startup founded in 1996 and based in the United States. The company's slogan, "We help property managers save time, reduce vendor risk, and optimize maintenance operations," reflects its core mission. NetVendor addresses the challenges faced by property management companies by offering solutions for vendor compliance and property maintenance optimization. The company's last investment was a significant $52.00M Series C investment on 09 May 2000. This funding round was backed by prominent investors including RRE Ventures, Credit Suisse First Boston, Wheatley Partners, and Actua Corporation. NetVendor's vendor compliance solution, NetVendor Compliance, streamlines the time-consuming and risky process of vendor credentialing. Utilizing advanced software and a team with property-and-casualty insurance expertise, NetVendor Compliance aims to save time for property management teams, allowing them to focus on income-producing tasks, while also reducing vendor risk through comprehensive certificate of insurance (COI) reviews and tracking essential documentation. On the other hand, NetVendor's property maintenance solution, NetVendor Maintenance, seeks to enhance the efficiency of property maintenance operations by leveraging advanced software and offering top-notch support. This solution targets the optimization of property maintenance processes, aiming to reduce service request completion times, increase resident satisfaction and renewal rates, and provide insights for proactive property upkeep. In summary, NetVendor presents a compelling proposition for property management companies by addressing critical pain points in vendor compliance and property maintenance operations. The recent significant Series C investment indicates strong support from reputable investors, emphasizing the potential for further growth and development in the E-Commerce, Information Technology, and Internet industries.