Venminder’s $33 Million Series C Funding Round

Kirkland & Ellis advised Silversmith Capital Partners on the deal.

Venminder, a leading innovator in third-party risk management solutions, today announced that it has raised a $33 million Series C funding round led by new investor Silversmith Capital Partners, with participation from existing major institutional investors, Bain Capital Ventures and MissionOG.

The company plans to use the proceeds of the capital raise to propel forward feature development from its product roadmap, capture additional share in core verticals and expand further into new markets.

Venminder offers a world-class SaaS platform that guides and streamlines third-party risk management. The Company is widely recognized for its solutions across all industries with most recently receiving the highest scores in 2 of 3 use cases in the Gartner Critical Capabilities for IT Vendor Risk Management Tools Report 2020. Venminder’s platform helps users collaborate on all things vendor-related and guides through critical processes such as oversight management, contract management, risk assessments, due diligence requirements, questionnaires, SLA management, vendor onboarding and more.

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $2.0 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies.

The Kirkland team advising Silversmith Capital was led by transactional partner Christian Atwood (Picture) and associates Christopher Bourne and Emily Gamble.

Involved fees earner: Christian Atwood – Kirkland & Ellis; Christopher Bourne – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Silversmith Capital Partners;

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Author: Ambrogio Visconti