Overview
monq has raised $3 million in pre-seed funding to launch its AI-powered platform that automates enterprise negotiations, addressing outdated procurement workflows. The company has been in stealth mode since early 2023, focusing on modernizing negotiation processes. Key investors are not mentioned in the article.
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monq has raised $3 million in pre-seed funding to launch its AI-powered platform that automates enterprise negotiations, addressing outdated procurement workflows. The company has been in stealth mode since early 2023, focusing on modernizing negotiation processes. Key investors are not mentioned in the article.
Investors: Outward VC
Monq, an AI startup founded by alumni from Revolut and Deutsche Bank, has secured $3 million in funding led by Outward VC, with participation from various investors. The company aims to enhance negotiation processes for high-value supplier contracts, addressing inefficiencies and unlocking significant savings for enterprises.