Stotles secures £1.4m seed investment led by Speedinvest to scale its government sales platform
The seed round will fund domestic scaling ahead of international expansion.
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 raised £1.4m in a seed funding round led by Speedinvest. The capital injection also drew participation from 7Percent Ventures, FJLabs, and several high-profile angel investors including Matt Robinson and Carlos Gonzalez-Cadenas.
Founded in late 2019, the company provides data and tools to help sales and marketing teams engage with public sector opportunities. Stotles will use the fresh proceeds to scale its operations in the UK ahead of international expansion.
The public sector represents a substantial portion of global GDP, yet remains difficult for most companies to access. Stotles aims to bridge this gap by transforming fragmented government spending and tender data into actionable market insights.
From the founder
"The world’s governments buy everything from T.P. to A.I.,"
John Witt
CEO & Co-Founder at Stotles
Investor perspective
"If 2020 made one thing very clear, it is the importance of the public sector working successfully together with private companies. We’re excited to partner with John, Taj, Carsten and the rest of the Stotles team to bring government procurement into the digital era,"
Jeroen Arts
Partner, Speedinvest
Use of funds
- 01Expand into international markets
- 02Scale operations
Investors
Categories
About the company
Stotles
Stotles provides a platform that helps private sector suppliers secure public sector contracts.