Poznan-based B2B SaaS startup Minerva, which offers AI-driven public procurement automation, has raised $3 million in a seed funding round from Helsinki-based VC firm OpenOcean, which recently closed its €100 million fourth fund to back early-stage AI, data, and software startups across Europe.
- Established in 2020 by Wiktor Gaweł, Piotr Gerke, and Maciej Stoiński, Minerva develops an AI-driven platform for public procurement across the European Union.
- The company’s software automates and streamlines the tender process, allowing businesses and public sector organizations to efficiently identify relevant opportunities, analyze complex documentation, monitor changes, and prepare compliant bids.
- Minerva’s platform evaluates tenders based on strategic fit, budget potential, and likelihood of success, provides actionable insights for decision-making, and reduces the administrative workload associated with bidding, enabling clients to participate in public procurement more effectively and consistently.
Details of the deal
- The investment will help Minerva improve its AI platform to automate and simplify public procurement, enabling businesses and public sector organizations to find opportunities and prepare bids efficiently. It will also support the company’s expansion across Europe.
"Aligning perfectly with OpenOcean’s mission to back category-defining, data-driven software platforms, we’ve invested $3 million in Minerva to scale its impact across Europe and make public procurement faster, fairer, and more transparent for all. Congratulations to Wiktor Gawel, Piotr Gerke, Maciej Stoiński, and the entire team at Minerva - proud to have you in our portfolio," OpenOcean's team, commented on LinkedIn.
