Founding Engineer, Tengo
@Basalt, eFounders
+ Equity options
AI tools for procurement respondents
Open for applications
AI tools for procurement respondents
1-20 employees
Open for applications
+ Equity options
1-20 employees
Company mission
To modernize the outdated process of procurement.
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Company mission
To modernize the outdated process of procurement.
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Our take
French startup Tengo has built a platform that helps businesses identify, analyse and respond to public tenders. Public tenders are especially important in France, with more than 40,000 companies a year pitching for public service contracts. The French government spends half a billion euros a day on these contracts, meaning that quick and effective response processes are a real draw for companies.
With AI at its core, Tengo helps speed up the public tender response process, centralising all stages of the tender process. Ultimately, Tengo will live or die on the effect it has on its clients. So far its customers have secured 35 million euros in public contracts, impressive for such a young company. This success has been supported by seed funding that will go towards enhancing its AI capabilities.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (1 round)
Jun 2024
$3.2m
SEED
Total funding: $3.2m
Leadership
Hugues Renou
(Co-Founder)Co-founder of Teamdrill and Entrepreneur in Residence at eFounders. Previously co-founded Atoria and TrottMyWorld as well as serving as the Head of Innovation at Cartesia Educaton.
Yoann Gauthier
(Co-Founder & CTO)Co-founder of TeamDrill and Entrepreneur in Residence at eFounders. Previously co-founded Atoria and worked as an Associate at Time for the Planet.
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