Stotles raise $6.5m to increase help to suppliers
Our partners Stotles have raised the cash to help grow their services, increasing the amount of help they can give to public sector suppliers.
We know at Advice Cloud how difficult the UK government market is to navigate. Selling to the public sector includes challenges for both suppliers and buyers. Now, our highly valuable partners Stotles have have raised a $6.5million Seed investment round to boost their product development, grow its team, and expand into new markets.
Their platform enables suppliers to view, track and analyse government opportunities – which is becoming essential in a busy and confusing landscape. With many different avenues to follow, Stotles’ system puts it all into one, tailored platform – so suppliers can easily stay on course.
We teamed up with Stotles to give access to this platform with our procurement support packages. So we’re very excited to see their news!
What does this investment mean for Stotles?
Stotles CEO, John Witt says: “Every day, we see the painful friction buyers and suppliers have to deal with — fragmented data, complex regulation, heavy compliance, messy workflows. Some call it ‘boring’, but they’re missing the point. This space has been overlooked for decades. By streamlining the business processes that connect business and government, the technology we’re building is capable of saving the world trillions every year – that’s something we get excited about.”
This investment money will help the platform grow to better help suppliers and also enable the company to expand its Product and Commercial teams. As well as expand into new segments of the public sector, and new locations overseas too.
Co-founder and COO, Taj Kamranpour added: “Stotles helps foster competition in the public-sector, thus driving better outcomes for government, taxpayers, and every member of society. This society-level impact is incredibly exciting and we can’t wait to do this at an even larger scale.”
You can read more about Stotles’ exciting news by clicking the image below!