Monq closed a $3 million pre-seed funding round in November 2025, alongside the development of an artificial intelligence platform designed for procurement and supply negotiations at large companies. Outward VC led the round, with participation from Revo Capital, Octopus Ventures, Lakestar Halo, Cornerstone VC, Portfolio Ventures, Endurance Ventures, Sequoia Scouts, and angel investors.
Monq was founded in the United Kingdom in August 2025 by Yasin Bostancı and Duygu Gözeler Porchet, and began operations in October of the same year. It currently operates in the United Kingdom, the United States, and Turkey, with plans to expand into the DACH region, comprising Germany, Austria, and Switzerland.
A Platform Focused on Procurement’s Least Digitized Area
Monq believes that requests for proposals, tendering, and approval stages have become largely digital, while negotiations with suppliers still rely heavily on employees’ expertise and personal memory. The platform therefore targets high-value strategic contracts rather than high-volume, low-value procurement solutions.
The platform combines artificial intelligence, contract intelligence, market data, behavioral science, and game theory. It includes more than 38 specialized agents working on negotiation preparation, scenario simulation, analysis of supplier signals, and contract lifecycle tracking. Its main components include a negotiation intelligence engine, War Room, and a live voice agent.
The company says its technology, based on what it calls “continuous negotiation intelligence,” preserves concessions, signals from the other party, and previous moves, so that each negotiation round is not evaluated separately. It also said that it filed a patent application with the United States Patent and Trademark Office in May 2026.
What Changes in Practice?
Monq positions itself between low-value automation platforms such as Pactum, Vertice, Lio, and Keelvar; source-to-pay platforms such as SAP Ariba, Coupa, Ivalua, and GEP; and AI-supported procurement solutions such as Fairmarkit and Globality. Rather than replacing the procurement manager, the company says its platform combines market data, previous negotiations, and potential scenarios to support decision-making on larger contracts.
According to Monq’s data, customers in pilot and live use cases achieved average savings of up to 15%, negotiations accelerated by up to 70%, and contract closing times reduced by up to twofold. In the best cases cited by the company, savings reached 40% and agreement cycles accelerated by up to five times, with total measurable savings amounting to millions of dollars. These figures were provided by the company, and the source does not present independent verification of them.
Expansion and Revenue Model
Monq operates on an enterprise subscription model that varies according to the volume of spending managed by the customer and the modules used. It also applies outcome-based pricing, under which it receives a share of the savings achieved. Through the end of 2026, it is offering its corporate customers free trials at a production-ready level; fees begin in trials using actual contracts and suppliers after the first measurable savings are achieved.
The company places particular importance on the U.S. market, where it operates through Monq Technologies LLC in New York, and plans to expand its engineering and commercial team and increase live use among large companies in the manufacturing and automotive sectors. It also targets the fashion and logistics sectors, and later plans to expand the same infrastructure to other stages of sales and the contract lifecycle.