Monq, a startup developing artificial intelligence technology to automate and accelerate enterprise negotiations, has raised $3 million in pre-seed funding as it officially introduces its platform to the market. The company has been operating in stealth mode since early this year, building systems designed to modernize procurement workflows that have remained essentially unchanged for decades.
The company’s platform uses a multi-agent architecture that blends large language model–based reasoning with contract intelligence and behavioural science. According to Monq, this approach enables procurement teams to navigate complex, high-value agreements more quickly, with greater structure and consistency.
While developing the product under the radar, Monq has already piloted its technology with FTSE-listed and global enterprises. The company reported significantly faster negotiation cycles, more profound insights across agreements, and measurable cost efficiencies during these early deployments.
The new funding will support Monq’s product roadmap and enable its expansion across Europe, the United States, and the Middle East. Investors backing the round include Outward VC, Cornerstone VC, Revo Capital, Octopus Ventures, Portfolio Ventures, Endurance Ventures, and Lakestar Halo, as well as several angel investors.
Founders Yasin B. and Duygu Gozeler Porchet said the company aims to redefine how enterprises negotiate at scale, characterizing this moment as the beginning of a new era for AI-driven dealmaking.
