By Proptechbuzz
By Ravi Kumar
NetVendor, a provider of vendor compliance management software for the multifamily and commercial real estate sectors, has announced a majority investment from Five Arrows, the alternative assets arm of Rothschild & Co. The partnership aims to support NetVendor’s next phase of growth, while Greenridge Growth Partners will retain a minority stake.
Founded in 2009, NetVendor helps property management companies (PMCs) automate vendor credentialing and compliance. Its platform manages critical vendor documents such as insurance certificates, licenses, tax forms, and background checks.
By automating these tasks, the company enables property managers to reduce risk, improve efficiency, and maintain trusted vendor relationships.
Five Arrows plans to support NetVendor in product innovation, particularly in integrating AI-driven tools to deliver greater value to property managers. The investment will also aid NetVendor’s expansion into new markets and geographies.
The deal follows several other software investments by Five Arrows in North America over the past 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.”
Raymond James served as exclusive financial advisor to NetVendor, while Harris Williams advised Five Arrows. Queen Saenz + Schutz acted as legal counsel to NetVendor, and Gibson, Dunn & Crutcher represented Five Arrows. The credit facility was arranged by Manulife.
NetVendor provides vendor compliance management software for property management companies across the multifamily and commercial real estate industries. Its automated platform simplifies vendor onboarding and compliance processes, helping PMCs collect, track, and manage essential vendor credentials to minimize risk and improve efficiency.
Five Arrows, the alternative assets arm of Rothschild & Co, manages more than €30 billion in assets across offices in Paris, London, New York, Los Angeles, San Francisco, and Luxembourg.
Its corporate private equity division oversees over €11 billion in assets, focusing on companies with strong management teams, clear growth potential, and operational levers for long-term value creation. Target sectors include data and software, technology-enabled business services, and healthcare.
Five Arrows Managers (USA) LLC is a registered investment adviser under the U.S. Investment Advisers Act of 1940. Registration does not imply a certain level of skill or training. Further details on investment strategies, fees, and objectives are available upon request.