BestVendor, which aims to create an online resource where business professionals can exchange recommendations for work-related software and services, has raised $3 million in Series A funding.
The financing round was co-led by RRE Ventures and SoftBank Capital, with previous backer Lerer Ventures, Founder Collective’s David Frankel, David Tisch (who heads TechStars NYC), and Old Willow Partners participating.
Founded in January 2011 and based out of New York City, BestVendor says it aims to be for recommendations and reviews of work apps what Amazon is for books and Yelp for restaurants.
The site was launched – in beta, of course – last month and has already attracted more than 4,800 members, who’ve shared 13 work-related applications on average.
In June 2011, BestVendor secured $600,000 in seed funding from SV Angel, Peter Thiel, Lerer Ventures, and SoftBank Capital.
BestVendor is a free online resource that helps professionals quickly find the best software, apps, and services based on the recommendations of people like them. The company’s vision is to provide a Yelp-like “social discovery” resource for all business tools and services, and bring a lot more sharing and openness to the business purchasing process. Beta signup is available at http://www.bestvendor.com
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