Tendl has secured pre-seed funding led by Tidal Ventures to enhance its AI platform designed for improving the efficiency of tendering processes for businesses.
Target Information
Tendl is an innovative AI platform that is revolutionizing the tendering process for businesses. By transforming complex bidding workflows into streamlined intelligent systems, Tendl drastically reduces the time taken to respond to tenders from days to under an hour. This efficiency not only enhances workflow but also saves companies substantial amounts of money annually, thereby increasing revenue potential when responding to government tenders.
Founded in Queensland, Tendl focuses on modernizing an often overlooked yet crucial sector of the economy—tender management. The startup recently secured pre-seed funding led by Tidal Ventures, marking a significant milestone in its journey to make tendering more accessible and efficient for businesses dealing with government contracts and large enterprises.
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Industry Overview in Australia
The tendering market in Australia is part of a broader global government procurement landscape valued at approximately $10 trillion annually. In Australia alone, government procurement spending reached $99 billion in
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Tidal Ventures
invested in
Tendl
in
in a Pre-Seed Stage deal