Tendos, a Munich-based startup that builds AI agents for building-materials manufacturers, has raised a €12 million ($13.4 million) seed round led by Insight Partners, the company said Tuesday in a press release.
The money is aimed at a sales process that Tendos says its customers still run largely by hand: finding tenders, reading requests, building quotes and keying in orders. The company says its agents handle that whole chain.
The round
The round was announced October 27, 2026. The dollar figure reflects the European Central Bank reference rate of about 1.1188 dollars per euro on that date. Neither the company nor its investors disclosed a valuation, according to the press release, Insight Partners' investment note and the coverage reviewed.
Insight, which describes itself as a global software investor based in New York, was explicit about its ambitions for the deal. "We're thrilled to lead Tendos's €12M Seed and help build the system of action for manufacturers," the firm wrote in its note.
Discovery Ventures and FlixFounders, the investment arm of the Flix founders, also took part, according to CB Insights. The German outlet deutsche-startups.de and other coverage named several angel investors: Felix Jahn, a co-founder of Home24 and founder of McMakler; Sebastian Schuon, co-founder of Alasco; and Hanno Renner, co-founder of Personio. Stephan Tahy, the former CEO of Duravit, joined as well, according to the announcement.
What the software does
According to the press release, Tendos' agents find relevant tenders, read incoming requests and documents, match requirements against a manufacturer's product catalog, draft offers and process orders inside CRM and ERP systems, the customer-relationship and enterprise-resource-planning software that most manufacturers rely on.
The company's website says the platform handles industry-specific formats such as GAEB, a file format used in German construction tenders. The BVBS industry association's member listing adds that it also takes in PDF, Excel, Word and email. Tendos describes six modules covering the sales workflow, running from tender search and inbox triage through offers, orders, integrations and sales insights.
