ORIGINAL ARTICLE – Charlize Alcaraz, Betakit, August 23, 2022.
VendorPM’s backers include Bessemer and a plethora of real estate investors.
Toronto proptech startup VendorPM has raised $20 million in its Series A round led by Prudence, an early-stage venture capital firm focused on real estate technologies.
The other investors that contributed in the round are also largely made up of firms that play in the real estate space, including Navitas Capital, Alate Partners, Colliers, and RXR. Other participants consist of Bessemer Ventures, which led VendorPM’s $6 million seed round earlier this year, as well as angel investors Dick Costolo (former CEO of Twitter) and Mark Rose (CEO of Avison Young).