Growing Warrington Startup Secures £200k Investment for Expansion
A rising tech startup, BidScript, based in Warrington, has recently secured a significant £200,000 investment to fuel its expansion plans. Specializing in software powered by machine learning and artificial intelligence, BidScript aims to revolutionize the bid management process for organizations, enhancing functions from pre-bidding to post-bidding activities. The company’s innovative solution promises to improve the quality and quantity of bids while reducing costs and time investment.
BidScript’s Investment Journey
The investment was secured following BidScript’s participation in PraeSeed, a six-week investment program designed for early-stage businesses. PraeSeed, founded by Manchester-based VC Praetura Ventures and funded by NPIF II – Praetura Equity Finance, aims to identify and support promising startups in the Northern Powerhouse region. BidScript’s co-founders, Henry Brogan and Tyler, found the program immensely beneficial, allowing them to implement valuable lessons and insights to enhance BidScript’s operations.
Future Plans and Impact
With the newly acquired funding, BidScript plans to secure commercial agreements with businesses seeking to streamline their resource-heavy tendering processes. Henry Brogan expressed his excitement about the growth opportunities ahead, emphasizing BidScript’s mission to empower professionals in bid management to work smarter, not harder. The company’s dedication to delivering what the market truly needs sets them apart in the competitive tech industry.
PraeSeed’s Recognition
Jessica Jackson, investment manager at Praetura Ventures and PraeSeed lead, praised BidScript’s founders for their commitment to learning and innovation, highlighting the company’s unique value proposition in addressing common industry challenges. PraeSeed’s success in identifying high-potential startups like BidScript underscores its mission to drive economic growth and foster innovation in the North of England.
In conclusion, BidScript’s recent investment milestone marks a significant step towards achieving their expansion goals and making a lasting impact on the bid management landscape. As they continue to grow and innovate, the future looks promising for this dynamic Warrington startup.