VendorPM, a software-enabled marketplace, revolutionizes property management by fusing vendor management, sourcing, procurement, and compliance. As a two-sided platform, it empowers both property managers to find vendors and vendors to promote their services effectively.
The previously early-stage VendorPM was in need of business guidance and support with hiring, go-to-market strategy, product validation, and funding opportunities.
Innovation Factory connected VendorPM with expert resources, sales and marketing mentorship, guided them to potential funding, and provided market intelligence for product validation and strategy development.
Capitalizing on Innovation Factory’s mentorship and resources, VendorPM went on to secure a $6 million seed round. They now manage 30,000+ vendors, 100+ management groups, and 50,000+ buildings across Canada and the US.