Venminder is a funded company based in Elizabethtown, Kentucky (United States), founded in 2001 by Dana Bowers. It operates as a provider of third-party risk management solutions, offering a SaaS platform for managing vendor relationships. Venminder has raised $33 million in funding, with its latest round being a Series C led by Silversmith Capital Partners in November 2020. The company has 184 employees and was acquired by Ncontracts in September 2024.
Venminder Corporate Details & Core Services
Venminder specializes in third-party risk management solutions, offering a SaaS platform that enables organizations to manage vendor relationships throughout the entire lifecycle, including onboarding, ongoing management, and offboarding. The platform provides tools for risk assessments, contract management, spend analysis, and oversight automation. Venminder's services are utilized by sectors requiring robust third-party risk management, such as financial services, healthcare, and government.
What are Venminder's Key Business Metrics & Stats?
No of employees
184
Founded year
2001
Type
private
Industry
Risk Management Software
Location
Elizabethtown, Kentucky, United States
Parent Company
ncontracts.com
Pricing Strategy
custom pricing based on organization size and needs
How much funding has Venminder raised to date?
Name
Description
Funding Amount
USD 33 Million
Stage
Series C
Latest Valuation
0 (USD)
Lead Investor
Silversmith Capital Partners
Investors
Silversmith Capital Partners, Bain Capital Ventures, MissionOG
What are Venminder's Core Products?
Name
Description
Venminder Third-Party Risk Software Platform
A SaaS-based platform that allows organizations to manage vendors across the full lifecycle, including capabilities to centralize vendor data, manage questionnaires, risk assessments, and evaluations to efficiently track, monitor, and assess vendor risk.
What are the latest developments at Venminder?
Date
Type
Description
September, 2024
Acquisition
Ncontracts announces the acquisition of Venminder via Hg buyout
Venminder VS Ncontracts VS Prevalent VS ComplyAdvantage : 2026 Comparison
