FedBid

FedBid, Inc.FedBid, Inc. focuses on providing a digital marketplace for government procurement. The company is headquartered in Vienna, US.Unison Marketplace offers a comprehensive suite of government procurement software solutions designed to streamline the acquisition lifecycle for federal acquisition professionals. The platform facilitates the management of grants, contracts, and subcontracts through a fully integrated digital environment, enhancing workflows and ensuring compliance with federal regulations. It provides tools for producing defendable cost estimates, automating price negotiations, and supervising vendor engagement, effectively addressing the complexities of government sourcing. The primary client base consists of federal program managers and contractors, primarily within the United States, but also extends to governments and contractors worldwide.Unison Marketplace generates revenue primarily through its subscription-based model, which provides clients access to its procurement platform and associated tools. Customers engage with the platform through various pricing plans tailored to their specific needs, which may encompass features like dedicated account management and support services. Revenue also stems from the volume of transactions processed within the marketplace, where over 94% of awards are directed to small businesses each year.As of January 2012, FedBid, Inc. The company is developing new software features aimed at improving user experience and operational efficiency. Additionally, there are intentions to expand into international markets, with a focus on partnering with foreign governments and contractors to facilitate global procurement. The company aims to implement these strategies in the upcoming years to solidify its presence in the procurement technology landscape.

1. Series A

   Dec 14, 2005

   Amount

   $2M

   Investors

   Locked