Forgent AI Secures €4.3M In Pre-Seed Round

Europe’s public procurement market is worth €2 trillion, yet inefficiencies manual processes, fragmented portals, and outdated workflows lead to billions in lost opportunities. Around 40% of tenders receive one or no bids, limiting competition and public value.

These inefficiencies hit at a crucial time. With Germany’s €600 billion defence and infrastructure funds and the EU’s €800 billion recovery package being deployed many companies struggle to navigate the complex bidding process limiting options for governments and business opportunities across Europe.

Forgent tackles this with AI agents that reduce days of work to hours, helping companies find relevant opportunities, craft stronger bids, automate compliance checks, and cut costs—allowing teams to focus on strategy and execution instead of paperwork.

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The average public sector tender involves hundreds of requirements and over 30 documents, where even a minor error can disqualify an application. Forgent’s AI precisely understands these formal requirements, scanning and screening the best opportunities to recommend bidding decisions almost instantly, saving significant time and resources.

Founded by a team of engineers, researchers, and operators with deep industry expertise, Forgent aims to build highly reliable, domain-aware AI for high-stakes environments.

The founding team includes Erik Heinelt, a serial entrepreneur with two exits, including a local services marketplace acquired by CHECK24 and co-founder of the German Startup Association; Dr. Leonard Wossnig, a Google PhD Fellow and UCL Honorary Research Fellow with over 10 years in AI research, founder of AI startup Rahko, and former CTO at LabGenius; and Dr.

Timo Kuschma, a Stanford-trained physician-scientist who led AI teams at QuantumBlack, Tecton (acquired by Databricks), and Humanloop (exit to Anthropic), unlocking hundreds of millions in value.

“We see a generational opportunity to rebuild how businesses engage with governments: faster, smarter, and at scale," said Erik Heinelt, co-founder and CEO of Forgent.

"When we succeed, public institutions gain access to better solutions, economic participation expands, and innovation flows more freely into the systems that shape everyday life.”

Forgent’s platform is already helping customers from infrastructure companies to high-tech suppliers streamline tender discovery, identify precise opportunities across thousands of fragmented European portals, and boost win rates with proposals that meet every requirement.

The funding round was led by Cherry Ventures, with participation from prominent angels including Charlie Songhurst (Meta Board), Katrin Suder (DHL Group Chair, Cloudflare Board), and AI experts from OpenAI, Anthropic, and DeepMind.

“What excites us about Forgent is not just the technology, it’s the ambition,” said Filip Dames, Founding Partner at Cherry Ventures.

“They’re not building another tool. They’re rearchitecting how a €2 trillion public market works.

By bridging deep AI expertise with hard-won procurement experience, this team is unlocking real economic value for both businesses and taxpayers.”

The funding will support team expansion, entry into new verticals, and further development of Forgent’s AI agent technology.

About Forgent

Forgent, founded in 2025, empowers companies to win and deliver public sector contracts using domain-specific AI agents. By automating time-consuming, high-friction tasks, Forgent lets teams focus on execution, improving efficiency, reducing errors and accelerating success in securing and managing government and public sector opportunities.