Cliwant, a South Korea-based startup that analyzes requests for proposals (RFPs) based on AI and data, secured pre-Series A funding.
Investors
The round was co-led by BonAngels Venture Partners, with participation from new investor Blue Corner.
Founded in 2007, BonAngels Venture Partners is a venture capital firm based in Seoul, South Korea. The firm provides early-stage startups (seed to pre-Series A) with initial investment and operational support.
Cliwant Use of Funds
The company will use the funding to expand into the Singapore and U.S. markets.
About Cliwant
Cliwant specializing in AI and data-driven analysis of requests for proposals (RFPs). Its platform monitors bid announcements from public institutions, leveraging real-time bid data from sources like the Public Procurement Service, local governments, universities, hospitals, and banks. Its core features include matching bid announcements to companies using a decade's worth of RFP data and AI to detect unfavorable risk clauses. It also offers functionalities for systematic bid strategies, including bid price calculation and government budget analysis. Currently, Cliwant serves about 50 clients, ranging from large corporations to startups across various sectors such as system integration, education, ESG, consulting, communications, and MICE.
Funding Details
Company: Cliwant, Inc.
Raised: Undisclosed
Round: Pre-Series A
Funding Month: August 2024
Lead Investors: BonAngels Venture Partners
Additional Investors: Blue Corner
Company Website: https://en.cliwant.com/
Software Category: Requests for Proposals (RFPs) Analysis Solution
Source: https://wowtale.net/2024/08/01/226619/