When was Venue founded?

Venue was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is Venue located?

Venue is headquartered in New York City, United States. It is registered at New York, New York.

How many employees does Venue have?

As of May 31, 2026, the latest employee count at Venue is 4.

Is Venue a funded company?

Venue is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on 2023.

When was the latest funding round of Venue?

Venue's latest funding was a $***** Seed round on 2023, with participation from 3 investors. Its primary sector is SCM Software. In United States, the SCM Software sector has seen $486M in funding in 2026 to date.

Where does Venue rank among its competitors?

Venue ranks 208th amongst 512 active competitors, of which 83 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Vayana, which secured an undisclosed amount in Jun, 2026.

Who are the top competitors of Venue?

Venue's top competitors include Taulia, Zip and PayEm. Among them, Vayana secured the most recent funding round in June, 2026.

Venue - 2026 Company Profile, Team, Funding & Competitors

Venue is an acqui-hired company based in New York City (United States), founded in 2022 by Kevin Chan. It operates as a Provider of AI-powered procurement management platform. Venue has raised $1.2M in funding from investors like Sequoia Capital, base case and Pathlight Ventures. The company has 512 active competitors, including 83 funded and 46 that have exited. Its top competitors include companies like Taulia, Zip and PayEm.

Company Details

Provider of AI-powered procurement management platform. The company offers a platform for managing and controling spends, and automating procure-to-pay processes. It provides products for expense management, procurement, accounts payable, vendor management, and accounting automation. The app is available on the Android & iOS platform.

Website: venue.co
Social
Registered Address: New York, New York

Key Metrics

Founded Year

2022

Location

New York City, United States

Stage

Acqui-Hired

Total Funding

$1.2M in 1 round

Latest Funding Round

Seed, 2023, $*****

Investors

Sequoia Capital & 2 more

Ranked

208^th among 512 active competitors

Employee Count

4 as on May 31, 2026

Similar Companies

PayEm & 591 more

View Venue's full profile

Venue is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Ramp Business Corporation CIN: 834047085 , United States, Active	Mar 17, 2019	-	928 (As on Dec 31, 2024)	-

Venue has raised a total funding of $1.2M over 1 round. Its latest funding round was a Seed round on 2023 for $*****. 3 investors participated in its latest round. Venue has 3 institutional investors.

Here is the list of recent funding rounds of Venue:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2023	6245	Seed	3454	1792	9107	6396

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View details of Venue's funding rounds and investors

The founders of Venue is Kevin Chan.

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

Kevin Chan: Co-Founder, CPO (acquired by Ramp) of Venue and founder of 1 other company.

View details of Venue's Founder profiles and Board Members

Venue's employee count trend

Venue has 4 employees as of May 26. Here is Venue's employee count trend over the years:

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Top competitors of Venue include Taulia, Zip and PayEm. Here is the list of Top 10 competitors of Venue, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Taulia 2009, San Francisco (United States), Acquired	AI-based electronic invoicing and supply chain management solution for businesses	$220M	Trinity Ventures, Zouk Capital & 26 others	73/100
2nd	Zip 2020, San Francisco (United States), Series D	Provider of a platform for procurement orchestration, intake, and spend management	$358M	Y Combinator, Bond Capital & 10 others	65/100
3rd	PayEm 2019, San Francisco (United States), Series A	SaaS-based expense management solutions for corporate organisations	$47M	NFX, Pitango & 6 others	64/100
4th	Omnea 2021, London (United Kingdom), Series B	Provider of web-enabled procurement orchestration solutions for the supply chain	$138M	Accel, Khosla Ventures & 16 others	63/100
5th	Aerchain 2016, Bengaluru (India), Series A	AI and cloud-enabled end-to-end procurement management solutions	$17M	Telama Investments, IndiaMART & 9 others	63/100
6th	Vayana 2009, Pune (India), Series D	Provider of a platform facilitating trade credit and supply chain finance	$91.9M	Trifecta Capital, Chiratae Ventures & 27 others	60/100
7th	CredAble 2017, Mumbai (India), Series B	Provider of working capital solutions and supply chain finance programs	$49.2M	Equentia Natural Resources, Plutus Wealth Management ... & 138 others	59/100
8th	Mynd Fintech 2002, Gurugram (India), Series A	Online marketplace for supply chain financing	$16.3M	SIDBI Venture Capital, Mayfield & 3 others	59/100
9th	Procol New York (United States), Series A	Provider of AI procurement software for enterprise procurement management solutions	$11.2M	Blume Venture, GMO Venture Partners & 32 others	59/100
10th	Arkestro 2017, San Francisco (United States), Series A	AI-powered procurement platform to optimize buying decisions for enterprises	$78M	New Enterprise Associates, Aramco Ventures ... & 19 others	58/100
208th	Venue 2022, New York City (United States), Acqui-Hired	Provider of AI-powered procurement management platform	$1.2M	Sequoia Capital, Pathlight Ventures & 1 others	26/100