News & Updates

The procurement process for infrastructure scale government contracts is long and resource intensive for suppliers to engage in, with large companies often employing in-house or external professional bid writing teams and smaller companies being locked out of applying due to lack of staff time.

Currently, organisations spend 3-6 weeks per tender submission with high costs, limited revenue opportunities, and significant stress. The average bid requires 38 hours of writing time, 29% of bid teams experience burnout, and finding up-to-date answers is the second biggest challenge facing these teams. This inefficient process is stunting growth ambitions, particularly for SMEs.

Led by final year University of Southampton students, Samuel Aaron and Jamie Horsnell, alongside AI Lead Nicolas Dickreuter, mytender.io's AI-driven platform transforms redundant business documents into winning proposals that secure organisations new work efficiently.

"Specific tender writing AI vs general AI is like wanting to write something in French and using a Latin tool to do it. You need a specialised solution to capture the nuances."— Client testimonial

Unlike general AI tools like ChatGPT or Gemini which are prohibited in organisational bidding processes due to confidentiality concerns, mytender.io operates within a Virtual Private Cloud with comprehensive data security.

"We're starting a period of really rapid revenue growth and will be keen to expand at pace, whilst keeping the needs of our customers front and centre of everything we do. It's a very exciting time for us and the industries we're working with and we're looking forward to making significant waves with mytender.io"— Co-founder and CTO Jamie Horsnell

Following an initial pre-seed investment led by Fuel Ventures, they are keen to talk to investors with the skills and connections to enable them to scale at pace.

The mytender.io team have successfully raised £250,000 from a UK-based venture capital firm to grow their AI-powered start-up, marking a significant milestone in their business journey.

Samuel Aaron, 22, and Jamie Horsnell, 21, set up mytender.io in 2023 to help companies write bids for contracts in industries including construction and facilities management.

The fundraising, secured from Fuel Ventures, represents a major step forward for the company. They plan a follow-up round of funding in 12 months if they reach their business targets.

"We met a guy from a facility management organisation who said, 'Writing bids is such a pain.' He hated doing it. So he said if we could automate that with AI, then that would be a killer idea to run with."— Samuel Aaron, Co-founder

Aaron and Horsnell have been friends since they met at sixth-form college in Berkshire and have wanted to start a business together ever since. They got their chance when they decided to launch their entrepreneurial venture.

The pair set up a consultancy to help businesses make better use of generative AI tools and it was while speaking to local business people that they had the lightbulb moment for mytender.io.

"It is absolutely the best time to start a business. There is pretty much no risk and you learn so much more than you would in traditional roles. I'm absolutely loving the journey and doing it with Sam is probably the best thing about it."— Jamie Horsnell, Co-founder

They started working on a first version of the product in September 2023 and have been dedicated to growing mytender.io into a leading AI-powered procurement platform.

mytender.io has successfully completed its pre-seed funding round, marking a significant milestone in the company's journey to revolutionise AI-powered bid writing for the procurement industry.

This funding round enables mytender.io to accelerate product development, expand their engineering team, and scale their go-to-market strategy. The investment will also support the development of new AI capabilities and the expansion into additional market segments.

The successful completion of this pre-seed round positions mytender.io for continued growth and validates the market demand for AI-powered procurement solutions. The company plans to use the funding to enhance their technology platform and expand their customer base across the UK and internationally.