A business set up by two University of Southampton students that brings AI to the world of tendering has attracted a quarter-of-a-million pounds in investment.
It is the highest sum invested in a startup founded by undergraduates at the university to date.
Business student Samuel Aaron, 22, and economics student Jamie Horsnell, 21, established their startup mytender.io in September 2023.
It is an AI-driven bid writing platform that transforms tendering processes in the construction and facilities management industries.
The £250,000 investment from Fuel Ventures will enable the duo to take their startup to the next level.
“The investment will allow us to rapidly scale up our sales and marketing activity, and further develop our system,” said Horsnell.
“It allows Sam and I to keep living the dream of building a massive business together out of university and aid our goals for mytender.io to become one of the biggest pieces of bid writing software in the world.”
The platform already has over 20 clients, a small team of employees and big growth ambitions when its founders graduate this year.
Aaron added: “Outside of our studies, we put everything else that we can to the business.
“After we graduate, we both intend to work on this full time.”
The firm has employed two interns, a salesperson and one full time employee, and is looking to grow via seed funding in the coming months.