Tendavo, a Stockholm-based startup that uses AI to help businesses write tenders for public procurement, has raised approximately €902,000 in its first external funding round.
The seed investment will be used to support recruitment and growth in Sweden. The company also plans to expand into Europe and the United States at a later stage.
Founded in 2023, Tendavo develops tools for companies navigating public tenders, aiming to streamline a process that is often time-consuming and administrative. The round brings in backing from Aligned Ventures, represented by Eric Carlson Rydman and Christian af Jochnick, as well as Neptunia Invest, backed by Johan Karlsson and Mikael Karlsson. Board professional Magnus Lindquist and Mimmi Lindquist also participated in the round.
The raise marks an early financing milestone for Tendavo as more companies look to AI tools to manage complex business workflows, including bidding for public sector contracts.
The seed investment will be used to support recruitment and growth in Sweden. The company also plans to expand into Europe and the United States at a later stage.
Founded in 2023, Tendavo develops tools for companies navigating public tenders, aiming to streamline a process that is often time-consuming and administrative. The round brings in backing from Aligned Ventures, represented by Eric Carlson Rydman and Christian af Jochnick, as well as Neptunia Invest, backed by Johan Karlsson and Mikael Karlsson. Board professional Magnus Lindquist and Mimmi Lindquist also participated in the round.
The raise marks an early financing milestone for Tendavo as more companies look to AI tools to manage complex business workflows, including bidding for public sector contracts.