1mio to optimize the time-consuming tender process

Challenge:

As a company, how can you answer tenders faster and more qualitatively, so that less time is spent on repetitive and time-consuming paperwork and leaves more energy for the customer? With a great deal of technical and commercial experience under their belt, SEQUESTO's complementary founders duo wants to optimize this cumbersome procedure. Thanks to a central digital library and AI algorithms, companies save unnecessary costs during the tender process and increase the chance of profit.

Two major players are already active in the United States, but this platform is unique in Europe. SEQUESTO therefore wants to switch quickly. The initial funding came from the founders themselves. Thanks to a crowdlending campaign and support from VLAIO, two employees quickly came on board. For investments in the commercialization of the platform and the further development of the application, SEQUESTO is looking for healthy growth financing.

Approach:

The founders of SEQUESTO have extensive experience in the enterprise market and are bringing on board a solid investor themselves. After a tough investment round, 575,000 euros were put on the table. The Harbour focuses on two other building blocks and can convince both the bank and PMV to grant a loan. KBC grants a loan of 250,000 euros, and PMV gives the green light for a loan of 150,000 euros.

It's a cocktail of funding channels that works, and that's how a large amount of money is raised in an early internship. This is thanks to the founders' experience and excellent teamwork, where all parties are extremely driven and convincing to make this story a success together.

Result:

After an intensive funding process, SEQUESTO can finally focus on the future. The application is being further developed and is ready for the market. With nine employees in the team now, SEQUESTO wants to bring on board at least 15 new customers. The focus is now entirely on convincing the first customers, and the company is also looking at France, Germany and the United Kingdom. The coming year will be a crucial year in SEQUESTO's growth story, but there is confidence in the future.

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