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NetVendor, a leading provider of vendor compliance management software for the multi-family and commercial real estate industries, today announced a majority investment from Five Arrows, the alternative assets arm of Rothschild & Co, to drive the company’s next phase of growth. Greenridge Growth Partners will retain a minority stake. NetVendor, a leading provider of vendor compliance management software for the multi-family and commercial real estate industries, today announced a majority investment from Five Arrows, the alternative assets arm of Rothschild & Co, to drive the company’s next phase of growth. Greenridge Growth Partners will retain a minority stake.
Founded in 2009, NetVendor partners with property management companies (PMCs) to simplify vendor credentialing and compliance. The company’s platform automates the collection, verification, and management of critical vendor documentation – including insurance certificates, licenses, tax forms, and background checks – helping property managers reduce risk, improve efficiency, and build trusted vendor relationships.
Five Arrows, through its lower middle-market growth strategy, aims to support NetVendor with its continued product innovation, including integrating AI to deliver greater value to property managers and their vendor networks, as well as expansion into new markets and geographies. This follows a number of other North American software investments made by Five Arrows over the last 18 months, including KEV Group, Springbrook, Rimes, and Everway.
Dave Cooper, CEO of NetVendor, said:
“Partnering with Five Arrows marks an exciting new chapter for NetVendor. Their deep expertise in scaling software companies will help us accelerate product innovation and expand our reach, while staying focused on our mission: helping property managers simplify compliance, reduce risk, and build lasting vendor relationships.”
Steve Marks, Managing Director at Five Arrows, commented:
“NetVendor has built a mission-critical platform that addresses a core challenge in the property management industry. We believe the company is exceptionally well-positioned to continue its strong growth through innovation, expansion, and strategic acquisitions. We are thrilled to partner with Dave and the team to support the next phase of this journey.”
Ben Moss, Managing Partner of Greenridge, noted:
“It has been a privilege to partner with Dave and the entire NetVendor team over the past four years. Together, we built a market-leading platform by expanding the leadership team, strengthening go-to-market capabilities, and accelerating product innovation. We are incredibly proud of this team’s accomplishments and look forward to supporting them alongside Five Arrows in this next chapter.”
Transaction Advisors
Raymond James served as exclusive financial advisor to NetVendor. Harris Williams advised Five Arrows. Queen Saenz + Schutz served as legal counsel to NetVendor and Gibson, Dunn & Crutcher served as legal counsel to Five Arrows. Manulife arranged the credit facility.
