When was Vendrix founded?

Vendrix was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Vendrix located?

Vendrix is headquartered in Birmingham, United States.

How many employees does Vendrix have?

As of Jul 01, 2024, the latest employee count at Vendrix is 6.

Is Vendrix a funded company?

Vendrix is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on May 13, 2021.

When was the latest funding round of Vendrix?

Vendrix's latest funding was a $***** Seed round on May 13, 2021, with participation from 1 investor. Its primary sector is Construction Tech. In United States, the Construction Tech sector has seen $896M in funding in 2026 to date.

Where does Vendrix rank among its competitors?

Vendrix ranks 10th amongst 33 active competitors, of which 13 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Flex, which secured $60M in Dec, 2025.

Who are the top competitors of Vendrix?

Vendrix's top competitors include Flex, Adaptive and PayKeeper. Among them, Flex secured the most recent funding round in December, 2025.

Vendrix - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of SaaS-based credit card and expense management software for construction companies. It provides a spend management tool for construction businesses that let the users to view and control company transactions as they happen. Features include setting budgets, purchase details, budget allocation, receipts, and much more. It also provides corporate credit cards.

Key Metrics

Founded Year

2019

Location

Birmingham, United States

Stage

Acquired

Total Funding

$50K in 1 round

Latest Funding Round

Seed, May 13, 2021, $*****

Investors

Alabama Launchpad

Ranked

10^th among 33 active competitors

Employee Count

6 as on Jul 01, 2024

Similar Companies

Flex & 36 more

Exit Details

Acquired by Foundation Software (Jun 11, 2025)

View Vendrix's full profile

Vendrix is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Vendrix, Inc CIN: 843140845 , United States, Active		-	-	-

Vendrix got acquired by Foundation Software on Jun 11, 2025.

Click here to take a look at Vendrix's acquisition in detail

Vendrix has raised a total funding of $50K over 1 round. Its latest funding round was a Seed round on May 13, 2021 for $*****. 1 investor participated in its latest round. Vendrix has 1 institutional investor.

Here is the list of recent funding rounds of Vendrix:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 13, 2021	6960094	Seed	6295176	3980468	8083686	1658498

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View details of Vendrix's funding rounds and investors

The founders of Vendrix are David Stewart and Joe Turner.

Here are the details of Vendrix's key team members:

David Stewart: Co-Founder of Vendrix. They are also an angel investor in 2 startups.
Joe Turner: Co-Founder & Managing Director of Vendrix.

View details of Vendrix's Founder profiles and Board Members

Vendrix's employee count trend

Vendrix has 6 employees as of Jul 24. Here is Vendrix's employee count trend over the years:

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Top competitors of Vendrix include Flex, Adaptive and PayKeeper. Here is the list of Top 10 competitors of Vendrix, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Flex 2020, Miami (United States), Series B	Internet digital bank for business banking	$114M	Portage, Florida Funders & 14 others	65/100
2nd	Adaptive 2021, New York City (United States), Series A	Provider of AI-powered financial management platform for construction industry professionals	$26.4M	Emergence Capital, Andreessen Horowitz & 10 others	51/100
3rd	PayKeeper 2004, South Jordan (United States), Seed	Provider of condition-based payment processing and escrow management execution engine	$3.24M	-	47/100
4th	Constrafor 2019, Manhattan (United States), Series A	Provider of construction payment management, risk mitigation, and financing solutions	$27.8M	NFX, FinTech Collective & 11 others	43/100
5th	Flashtract 2017, Auburn (United States), Acquired	Online billing automation software for the construction industry	$16.3M	Addition, Shine Capital	42/100
6th	SquareDash 2022, Dallas (United States), Series A	Payment processing and lending for insurance restoration contractors	$20M	FINTOP, I2BF Global Ventures & 4 others	38/100
7th	Harbr 2016, Halifax (Canada), Seed	SaaS-driven project payment management solution for construction professionals	$1.75M	Highline Beta, Montreal FinTech Station & 18 others	35/100
8th	Licify 2017, Monterrey (Mexico), Seed	Provider of a platform for managing construction supply chain and finances	$3.4M	Accion, Brick & Mortar Ventures & 4 others	32/100
9th	E-Komplet 2012, Aalborg (Denmark), Acquired	Construction project and payment management solution	-	-	31/100
10th	Vendrix 2019, Birmingham (United States), Acquired	Provider of SaaS-based credit card and expense management software for the construction companies	$50K	Alabama Launchpad	31/100