Prime Highlights:
- Stockholm startup Hedda raises €1.5 million to develop its new bid writing platform.
- The platform makes bid writing faster, easier, and helps teams create better-quality bids.
Key Facts:
- Funding was led by Zenith Venture Capital, with support from Antler and WaveVentures.
- Hedda’s platform helps users quickly find key points in long documents and draft responses using past bids and data.
Key Background:
Stockholm startup Hedda has raised €1.5 million to build a new bid writing platform. It was funded by Zenith Venture Capital, with Antler and WaveVentures contributing to the growth of the company by supporting it and reaching more customers.
The platform of Hedda is now faster and easier in bid writing. It helps the teams to collaborate and prepare better bids. The site also allows users to locate the important points in lengthy documents and write responses with the help of previous bids and data.
Hedda was founded by Zakarias Hedenfal (CEO), Maximillian Claesson (CTO), Fredrik Juvet (CPO), and Fabian Platoff (CRO). The team is knowledgeable about startups, technology, and finance, and they have prior working experience on a machine learning project, which helps them in their experience of enhancing the way bids are set.
In Europe, public procurement accounts for over €875 billion each year, but tendering practices have changed little over time. Hedda aims to solve this problem by providing suggestions that are clear, reliable, and fully compliant, helping organizations save time and improve the quality of their bids while keeping full control over their data.
“Bid writing is a demanding task that underpins many of Europe’s most significant public and private investments,” said Zakarias Hedenfal. “The addressable market for this technology in public procurement in the Nordics alone is worth €55 billion. “We are working to make bid writing faster and more effective for teams and companies.”
With the new funding, Hedda plans to grow its technical team, improve its platform, and speed up its market expansion. The startup’s solution is set to change how businesses handle bid writing, bringing greater efficiency and innovation to this long-standing process.
