Stotles harnesses data and curated algorithms to give businesses a clear, tailored view of the market, and provides workflow tools to engage with the often difficult-to-navigate world of the public sector.
Stotles was founded in late-2019 by Taj Kamranpour, Carsten Schaltz, and John Witt, who met at London Business School after previous careers at organisations like Boston Consulting Group and the World Economic Forum.
Simon Johnson, general manager of Freshworks UKI says: “Stotles has eliminated the time we used to spend tracking tenders, and given us the insights to anticipate the public sector and tools to engage earlier. Our teams are now able to do more of what they’re great at – building informed relationships and creating value – and we’re seeing clear benefits to the tune of a 29x ROI.”
Ivailo Jordanov, partner at 7percent Ventures says: “It would be impossible to find a better suited team to solve the problem that Stotles is solving.
“We are excited to back them on this journey as their ambition levels, combined with the market opportunity create the perfect combination at the right time.”
The fresh funds will be used to scale up in the UK ahead of international expansion.
The post London-based Stotles raises £1.4m appeared first on UKTN (UK Tech News).
