Beacon Bid

Beacon Bid is a United States-based startup that provides a comprehensive e-procurement platform tailored for the public sector. Founded in 2021, the company's slogan "Free E-Procurement for Public Sector Agencies. Free for Suppliers." captures its mission to offer accessible and efficient procurement solutions. The core offering includes a Solicitation Management Platform that enables public sector agencies to share solicitations efficiently, providing real-time updates and historical data. It also features a Bidder Management Module that facilitates communication with potential suppliers. Additionally, the platform includes dedicated portals for both agencies and suppliers, offering user-friendly interfaces and self-service utilities.

Furthermore, Beacon Bid offers premium modules such as an RFP Archive and an E-Bid Module that enhance the e-procurement service's capabilities. Notably, the company secured its Seed Round investment from the Serpico group on 05 December 2021, indicating a promising trajectory and investor confidence in the startup's innovative approach to public sector procurement. With its focus on streamlining procurement processes and providing valuable resources, Beacon Bid presents a compelling opportunity for investment and addresses critical needs within the public sector procurement landscape.