GovRadar is a SaaS startup based in Germany, established in 2020 with a focus on revolutionizing procurement for the public sector. Its innovative software, launched in 2022, has garnered significant traction, boasting over 1,000 active users as of 2023.
The company's flagship product, GovRadar Markets, offers a comprehensive product database to facilitate intelligent supply services definition, enabling direct comparison between requirements and market offerings. Additionally, the "Tenders & AI" module utilizes AI to optimize tender documents, while GovRadar Tenders provides access to an extensive tender database with intelligent search functions.
With its recent €1.00M Seed Round investment on 24 April 2023, GovRadar attracted notable investors including Andreas Kupke, Moritz Thiele, Dr. Burkhard Schwenker, Karl-Theodor zu Guttenberg, and Wolfgang Reitzle. The platform's user-friendly interface, focus on compliance with public procurement regulations, and time-saving solutions position it as a compelling player in the government procurement space.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Seed Round | €1.00M | 5 | Andreas Kupke, Moritz Thiele +3 | 24 Apr 2023 |
Pre Seed Round | €705.00K | 2 | Andreas Kupke, Wolfgang Reitzle | 30 May 2022 |
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