Tendios, the Spanish startup specialising in public tenders, has successfully closed a €2 million investment round. This capital will be used to improve its technology platform, broadening its scope and covering more stages of the tender lifecycle.
The round was backed by Easo Ventures, Ona Capital, Archipelago Next and its current partner Lukkap Venture, as well as several business angels. These funds will allow Tendios to consolidate its expansion in Europe, where it already has a significant customer base.
Founded in 2023 in Barcelona, Tendios was born as a response of Xavier Creus, an engineer with extensive experience in the automotive sector and serial entrepreneur, to the difficulty of managing long, opaque and complex bidding processes. To solve this problem, he developed the idea of a platform that would simplify and streamline the entire process.
Xavier shared this initiative with Albert Riera, also an industrial engineer and a university classmate of his, who had just returned to Barcelona after working with the Red Cross in Libya. Albert, who had also faced the complications of tenders and was looking for a new project in the city, joined the venture.
According to Riera, Tendios has established itself as an essential tool for companies searching for and filtering public tenders in which they wish to participate. It also functions as a document base for public officials preparing future tenders. The platform has evolved to offer practically tailor-made solutions, adapting to the specific needs of companies and administrations in this field.
An example of this evolution is the incorporation of artificial intelligence (AI), which speeds up the analysis of opportunities and facilitates the drafting of proposals, thus optimising the entire tendering process.
By 2025, the company aims to maintain 15% monthly growth and 100% client retention. In addition, it plans to increase its team, incorporating strategic profiles and enhancing the use of artificial intelligence to optimise processes and maximise productivity.
The two million euro investment obtained by the company will allow it to allocate resources to enhance its technology, improving the platform to cover more stages of the public tender cycle. In addition, this capital will facilitate the expansion of its reach and consolidate its growth and expansion in the European market.
Tendios currently has 30 employees and a client portfolio that includes major companies such as Telefónica, Acciona, Seat, Ford, AXA and Otis, as well as public bodies such as the Diputació de Barcelona, Adif, the Ministry of Defence and Ports of the Balearic Islands.
Albert Riera, co-CEO of Tendios, thanked the investors for their confidence and continued support, highlighting the company's commitment to transforming the public procurement sector. Xavier Creus, also co-CEO, underlined that public tenders represent approximately 20% of Spain's GDP, and that facilitating access to them can unlock one of the country's biggest drivers of economic growth.
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