Monq Secures $3M To Scale AI-Powered Enterprise Negotiation Platform

The round was led by Outward VC, with participation from Cornerstone VC, Portfolio Ventures, Octopus Ventures, Endurance Ventures, Lakestar Halo, and several strategic angel investors.

Founded in April by Revolut and Deutsche Bank alumni Yasin Bostancı and Duygu Gözeler Porchet, Monq tackles a key inefficiency in enterprise operations: optimizing how global corporations negotiate high-stakes deals.

High-value supplier contracts, ranging from $1 million to $100 million are critical for enterprises across sectors like manufacturing, technology, logistics and professional services. Despite representing a $10.4 trillion market, strategic procurement remains largely manual, with nearly 25% of time spent on low-value tasks and decisions often driven by intuition rather than data.

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Many current technology solutions merely add AI to existing processes rather than transforming how procurement teams work.

Monq’s multi-agent AI system uses LLM-based reasoning, contract intelligence, and behavioral science to assist not replace human decision-making. Each agent analyzes deal history, supplier performance, and negotiation patterns to predict responses, suggest levers and, when authorized, manage deals autonomously. Teams maintain control, delegating as desired, and focus on high-value strategy.

Yasin Bostancı, Monq’s co-founder and CEO, highlighted that strategic procurement has lagged in automation adoption, as it still depends largely on human intuition rather than data-driven, automated processes.

By empowering procurement teams with strong, actionable, data-driven and intelligent insights, we’re giving enterprises the speed, clarity and confidence to negotiate at a new scale while unlocking billions in hidden deal flow, value and efficiency before that value is lost to the company.

The funding will help Monq scale its pilot programs, expand operations, and build dedicated engineering and product teams across the EU, US, and Middle East. The company is launching with a subscription model and plans to explore value-based pricing, where clients pay a percentage of savings achieved using its platform.

About Monq

Monq, founded in 2025 automates high-value, low-volume enterprise negotiations. Its AI agents combine market intelligence with human-like reasoning to optimize deals end-to-end, from opportunity analysis to contract execution, helping businesses negotiate smarter, faster, and more profitably while turning every negotiation into a strategic advantage.