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mytender.io declares successful £250,000 preliminary investment round

In a recent announcement, mytender.io (part of Cohort 25) declared a pre-seed fundraising round of £250,000, marking it as the most significant investment to date for a startup they have founded.

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"mytender.io reveals £250,000 funding secured in its pre-seed round"
"mytender.io reveals £250,000 funding secured in its pre-seed round"

mytender.io declares successful £250,000 preliminary investment round

AI-Driven Bid Writing Platform mytender.io Secures Pre-Seed Funding and Expands Business

mytender.io, an innovative AI-driven bid writing platform, has secured a pre-seed fund of £250,000, marking a significant milestone in its journey to revolutionise the tendering process. This investment will be utilised to scale mytender.io's business development activities, as the platform continues to gain traction in the construction and facilities management sectors.

Founded by undergraduate students Jamie Horsnell and Samuel Aaron at the University of Southampton, mytender.io is designed to simplify the creation of procurement bids, making the process quicker, easier, and more efficient. The platform minimises manual effort, ensures compliance and consistency, and integrates data-informed strategies for higher win rates.

The investment was led by Fuel Ventures, a prominent UK-based venture capital firm, and the fastest deal closed by the company to date. Fuel Ventures will provide backing to mytender.io during the platform's Demo Day in June.

mytender.io has already established a strong customer base, with over 20 customers currently using its products. Notable clients include Stadium FM and Killingley, who have reported substantial time savings and increased success in tendering as a result of using mytender.io.

Co-founder Samuel Aaron expressed excitement about bringing more customers on board and improving the bid writing process. Mark Pearson, Managing Partner at Fuel Ventures, shared similar sentiments, expressing his enthusiasm about supporting mytender.io in realising its vision to disrupt the industry with AI-driven bid writing.

mytender.io aims to develop the world's first end-to-end agentic bid writing system that accommodates for the nuances of each unique user. The platform's founders, Jamie Horsnell and Samuel Aaron, will be joining the Fuel Ventures Cohort visit to the San Francisco Bay Area. During this trip, they will attend the Startup Grind Conference, network with founders, investors, and accelerators in the Fuel Ventures network in Silicon Valley, and meet with potential clients.

Interested individuals can book a demo of mytender.io to see its speed and effectiveness in bid writing. The University of Southampton team also offers support for researchers and students who want to create startups, at any stage of the process. Those interested in learning more about mytender.io can book an informal call or meeting with the team.

Dr Alice Iles, Head of Tech Acceleration, expressed admiration for mytender.io's rapid progress, highlighting the platform's dynamic development from its university origins to a market-ready solution with demonstrable impact in competitive sectors.

Sources: 1. mytender.io Website 2. Fuel Ventures Press Release 3. Construction Manager Magazine Article 4. University of Southampton News Article

  1. mytender.io, having secured a pre-seed investment of £250,000, intends to utilize the funds to scale its business activities and further expand its reach in the construction and facilities management sectors.
  2. For startups aiming to develop innovative solutions like mytender.io, the university offers education and self-development resources to assist in creating and growing businesses.
  3. Fuel Ventures, the venture capital firm that led the investment in mytender.io, plans to support the platform during its Demo Day in June and is excited about its potential to disrupt the industry with AI-driven bid writing.
  4. mytender.io's AI-driven bid writing platform, initially founded by undergraduate students Jamie Horsnell and Samuel Aaron at the University of Southampton, simplifies the creation of procurement bids, providing quicker, easier, and more efficient processes.
  5. To accelerate growth, the founders of mytender.io will be joining the Fuel Ventures Cohort visit to the San Francisco Bay Area, networking with founders, investors, and accelerators in the Fuel Ventures network in Silicon Valley, and meeting with potential clients.
  6. mytender.io's goal is to develop an end-to-end agentic bid writing system that accommodates for the nuances of each unique user, ultimately revolutionizing the tendering process in the business and technology sectors.

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