in Funding

Monq Raises $3M for AI Procurement Negotiation

In November 2025, London-based Monq emerged from stealth with a $3 million (approx. £2.28 million) Pre-Seed funding round. The round was led by Outward VC, with participation from Cornerstone VC, Portfolio Ventures, Octopus Ventures, and Lakestar Halo.

Founded by former Revolut and Deutsche Bank executives Yasin Bostancı and Duygu Gözeler Porchet, Monq is building an AI-driven strategic negotiation platform for enterprise procurement.

The company’s multi-agent system uses LLM reasoning and behavioral science to automate complex negotiation workflows for high-stakes supplier deals. It reportedly helps procurement teams cut costs by up to 40% and close deals 5x faster.

The new capital will be used to scale its engineering and product teams, accelerate global rollout, and expand its operations across the UK, US, and Middle East.

Key Details

  • Company: Monq
  • Funding: $3M Pre-Seed
  • Headquarters: London, UK
  • Investors: Outward VC, Cornerstone VC, Portfolio Ventures, Octopus Ventures
  • Use Case: AI-driven strategic negotiation platform for enterprise procurement

Written by Jeannie Cahalane

Jeannie Cahalane is Lead AI Features Editor at AIPressRoom. She curates AI opinion essays and founder interviews, focusing on AI ethics and human-centric innovation. Her eight years of tech-journalism and Columbia M.A. insights are cited by MIT Technology Review & OECD.

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