Funding

London-based Altura Secures €8M Series A Round For AI Bid Platform

Jun 9, 2025 | By Kailee Rainse

Altura, a bid management platform has secured €8 million in Series A funding. The company is the first to introduce autonomous AI agents designed to help businesses win more public and private sector tenders.

SUMMARY

  • Altura, a bid management platform has secured €8 million in Series A funding. The company is the first to introduce autonomous AI agents designed to help businesses win more public and private sector tenders.

This innovation comes at a time when procurement processes are becoming more complex.

More organisations are now using formal tenders and RFPs (Request for Proposals) to reduce risks in procurement. In the UK alone, public tenders have gone up by 28% over the past three years.

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Tenders today require more complex information, making the process challenging for bid managers who must handle long submissions and coordinate with legal, compliance, technical, and other expert teams.

Altura’s all-in-one platform supports every step of the bid management process by centralising information, simplifying workflows, and increasing the chances of winning tenders.

Over the past year, Altura has added AI tools powered by large language models (LLMs) to help with tasks like searching internal data, summarising complex content, and creating high-quality proposals.

The platform also automates repetitive tasks such as finding relevant tenders online, offering insights to decide whether to bid or not, and tracking performance to improve future results. With an AI co-pilot always available on screen, bid managers can work faster, smarter, and more strategically.

Matthijs Huiskamp, founder and CEO, Altura, said: “We see the UK as a perfect next step for Altura. While AI is still in the early stages of adoption in bid management, the UK is one of Europe’s largest markets, with £350 billion spent annually on public sector procurement.

With the new Procurement Act, we see an even bigger need for Bid Management software, since this will enable and encourage even more companies to participate in the tenders.

This creates more demand for software such as ours that helps companies work more efficiently to win more bids.”

With its new funding, Altura is now introducing advanced AI features that can actively perform tasks and make decisions for users.

These agentic AI capabilities aim to handle some of the most time-consuming and complex challenges that bid managers deal with every day.

According to  Huiskamp: “Our autonomous AI agents draw on that collective knowledge to draft answers, flag risks and surface win-loss insights, freeing teams from copy-paste work so they can focus on strategy.

This investment accelerates that vision and our London launch brings it into one of the world’s busiest tender markets, giving UK organisations the speed and clarity they need to win more deals.”

The funding round was led by Octopus Ventures, with support from existing investors Fortino Capital, Curiosity VC, and P1ST investors Perry Oostdam and Pawel Smoczyk.

Constanza Diaz, Investor at Octopus Ventures, said: “Bid management is an essential function in many companies, directly linked to companies’ top-line growth.

Altura is redefining what modern bid processes look like through its AI-powered solution, giving teams the automation and insights they need to operate at the next level. We are proud to welcome Altura to the Octopus Ventures portfolio and support the team in its UK expansion.”

The funding will also help Altura grow its operations and expand into the UK by opening a new office in London.

About Altura

Founded in 2019, Altura provides a smarter way to win tenders and RFPs. It acts as a virtual bid manager—streamlining the entire bidding process, enhancing proposals with data insights, and saving teams time through AI-powered automation.

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