Stotles, a London, UK-based all-in-one public sector selling platform to streamline public sector sales, announced that it raised $6.5 million in Seed funding, bringing Stotles' total raise to over $9 million.
The round was led by Headline, with participation from SpeedInvest, Form Ventures, GTMFund, FJLabs, 7Percent, Seedcamp, and a number of world-class angels like Matthias Hilpert, Gleb Tritus, Erik Yankulin, Dev Amratia, Dr. Jens Hutzschenreuter, and the Ventures Together team.
With this funding round, Stotles plan to increase product development, grow its team, and expand into new segments of the public sector. Excitingly, and also developing its capabilities in new locations beyond the UK to help with similar challenges globally.
Company: Stotle Ltd.
Raised: $6.5M
Round: Seed Round
Funding Month: June 2022
Lead Investors: Headline
Additional Investors: SpeedInvest, Form Ventures, GTMFund, FJLabs, 7Percent, Seedcamp, Matthias Hilpert, Gleb Tritus, Erik Yankulin, Dev Amratia, and Dr. Jens Hutzschenreuter
Company Website: https://www.stotles.com/
Software Category: all-in-one Public Sector Selling Platform
About the Company: Stotles is an all-in-one public sector selling platform, that delivers sales intelligence software-as-a-service to help small and medium-sized businesses grow their business with the government. Stotles' mission is to unlock the potential of business and government working better, together. Stotles is giving suppliers to the government the tools and insights required to effectively find and win public-sector contracts. The company's technology turns fragmented public sector data such as spending, tenders, contracts, meeting minutes, or news releases into a clear view of the market, extracts relevant early signals about potential opportunities, and combines these insights with workflow tools, enabling businesses to take the right actions at the right time and to win more business.
Source: https://www.stotles.com/post/seed-round-funding