UAE contech Tenderd closes USD 30 mn series A funding round

Emirati contech Tenderd closes USD 30 mn in funding round: UAE-based contech startup Tenderd raised USD 30 mn in a series A funding round from both new and existing investors, according to a press release. The round was led by AP Moller Holding, and saw the participation of new investors, including Quadri Ventures and Saurya Prakash (LinkedIn), and existing investors, including Aramco’s venture arm, Wa’ed Ventures, Nakhla Ventures, SOMA Capital, and Liquid 2 Ventures. Tenderd will use the funds to develop its technology and expand its global footprint.

About Tenderd: The company was founded in 2018 by Arjun Mohan (LinkedIn), and offers customers AI-generated data analytics to optimize asset usage and lower emissions, specifically catering to heavy industries like construction, energy, and logistics. Tenderd’s current investors include Peter Thiel, Paul Graham, and Y Combinator.