Stotles raises £5.3m in seed funding led by Headline to scale its public procurement platform
The seed round was led by Headline with backing from Form Ventures, Speedinvest, FJLabs, and others to fund team expansion and product development.
Stotles provides a platform that helps private sector suppliers navigate the complexities of securing public sector contracts. The company uses artificial intelligence to streamline pipeline building, tender tracking, and bid preparation.
London based startup Stotles has secured £5.3m in a seed funding round led by Headline. The financing saw participation from several other investors including Form Ventures, GTMFund, Speedinvest, FJLabs, 7Percent, and angel investor Mathias Hilpert.
The capital will be deployed to accelerate product development, expand the company team across commercial and product functions, and pursue international expansion into new markets.
Stotles addresses the administrative friction inherent in business to government sales by providing a single source of truth for public sector business development. The platform integrates into existing enterprise tech stacks to help suppliers identify relevant opportunities earlier.
Use of funds
- 01Continue product development
- 02Grow the team
- 03Expand into international markets
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About the company
Stotles
Stotles provides a platform that helps private sector suppliers secure public sector contracts.