What does Stotles do?
Stotles provides an AI-driven platform that supports private sector suppliers in growing their revenue from public sector contracts. The platform analyzes millions of government data points using a bespoke algorithm to size total addressable markets, build target account lists, and identify early buying signals, ensuring that its users focus on the most relevant opportunities.
How much did they raise?
The company raised £9.6M in Series A funding, led by Headline and Acton, with Form Ventures and Seedcamp also participating in the round.
What are their plans for the money?
With the new funds, Stotles plans to further enhance its product capabilities and expand into the US market. This expansion is expected to strengthen its position in the public sector and provide private suppliers with a powerful tool to identify and secure contracts.
What have they achieved so far?
Stotles has already established credibility by being used by leading public sector teams at companies such as Amazon Business, Salesforce, and SAP, demonstrating the platform's effectiveness in driving revenue growth.
