What Is a tender? Understand the public sector bidding process


What Is a tender? Understand the public sector bidding process
What Is a tender? Understand the public sector bidding process

We just raised $13 million to help you grow your public sector revenue.
Big news! Stotles has raised $13M in Series A funding, led by Headline and Acton, with support from returning investors Form Ventures and Seedcamp.
This isn’t just a milestone for Stotles, it’s fuel for suppliers like you to grow your public sector business in the new era of government efficiency.
Governments everywhere are thinking differently about what and how they buy. Budgets are tightening. Expectations are rising. Focus is on efficiency and cost-saving. Governments in the UK, US, and beyond are demanding more for less and suppliers are stuck in the middle.
With both the Labour government’s policies to cut the cost of government operations, and the creation of the Department of Government Efficiency (DOGE) respectively, pressure on suppliers to work more efficiently, qualify faster, and bid smarter.
The market is evolving, and businesses who stand still are being left behind. This is why Stotles exists, because our customers increasingly need a single place to manage the complexity of this market to grow their public sector revenue.
John Witt, CEO & Co-Founder of Stotles
With public sector spending reaching over £400 billion ($530 billion) annually in the UK alone, and over $13 trillion worldwide, Stotles is positioned to meet demand for a platform that helps businesses navigate the increasing complexity of selling to the public sector.
We’re the only platform on the market to support the end-to-end commercial process of creating strategy; building a qualified pipeline; finding the right tenders, and qualifying those opportunities to generate a first draft of a bid.
On May 6th 2025, we relaunched the platform as the only Al-powered tool on the market, designed to enhance decision-making at every stage of the sales cycle, keeping our users focused only on serious revenue opportunities.
With Stotles AI, you can:
We’re using the $13M raise to continue investing in the end-to-end, AI-powered platform which is designed to do one thing: grow your revenue in the public sector.
Since our seed round raise, Stotles has:
Our Series A round was led in part by Acton Capital, which has backed brands Etsy, Clio and Yoto. Here's why they chose Stotles:
B2G transactions are massive in terms of volume and affect all of us. However, the sector’s special requirements often create friction and complexity. Stotles’ team obsesses about the nuances of the industry and has created the definitive suite of products to help companies sell effectively to the public sector.
Also leading the round was Headline, who returned as an investor after backing Stotles at Seed Round. Headline have brands like Mistral, Bumble, and GoPuff in their portfolio. Here's what they had to say about the raise:
Procurement is the beating heart of how public and private sectors work together. With Stotles, we’re continuing to back a team that is building the platform to modernise how trillions in public funds are accessed, giving more businesses the opportunity to participate. This is what real government efficiency can look like.
Join the thousands of suppliers using Stotles create strategy, build pipeline, track tenders, and win bids.
Explore the platform for free or book a demo to see how we can help you stay ahead.