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Tengo raised €3M in a seed funding led by Point Nine to enhance its AI-powered public tender platform

Jun 25, 2024over 1 year ago

Amount Raised

€3 Million

Round Type

seed

ParisSaasSoftware

Investors

Point Nine

Description

Tengo, a SaaS platform, has secured a €3 million funding round led by Point Nine. The company aims to accelerate the integration of AI into its product to make the public tender market more accessible to businesses.

Company Information

Company

Tengo

Location

Paris, Ile De France, France

About

Tengo is a SaaS platform founded in 2023 by Hugues Renou and Yoann Gauthier that helps businesses win more public tenders. It centralizes all public tenders and offers a unique tool that enables businesses to easily identify, analyze, and respond to public tenders, all in one place. Tengo plans to accelerate the integration of AI into its product to make the public tender market more accessible to all businesses.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers