# Tenderd Track

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tenderd-track

- Industry: Software
- Headquarters: Dubai, United Arab Emirates
- Website: www.tenderd.com/
- Total disclosed funding: $36M
- Latest round: Series A (Jun 11, 2024)
- Investors on record: 11

## About

Founded in 2018 and based in Dubai, United Arab Emirates, Tenderd Track operates as a rental marketplace that allows contractors to rent heavy machinery such as bulldozers and cranes for running their projects. The company was founded by its CEO, Arjun Mohan. In June 2024, Tenderd raised USD 30 million in Series A funding led by A.P. Moller Holding, including Quadri Ventures, Saudi Aramco Entrepreneurship Ventures, Nakhla VC, Soma Capital Management, Y Combinator, and Liquid 2 Ventures.

The company offers an advanced AI-driven analytics platform designed to enhance operational efficiency and sustainability across various industries. The firm’s platform converts data from any equipment into actionable insights to help businesses reduce costs, increase utilization, and lower emissions. Tendered Track’s key features include optimizing fleet operations, managing fuel consumption, scheduling maintenance, and planning routes. In addition, the company's AI systems measure carbon emissions to support achieving net zero goals and provide tools to increase profitability through equipment rental management.

The organization generates revenue through its pricing plans, which include the starter, business, and enterprise plans.

The startup plans to use the June 2024 funding to enhance its technologies and expand globally.

## Funding rounds

- Series A, Jun 11, 2024, $30M — Y Combinator, Soma Capital Management, Liquid 2 Ventures, A.P. Moller Holding, Saudi Aramco Entrepreneurship Ventures, Nakhla VC, Quadri Ventures
- Seed, Jun 11, 2019, $5.8M — Y Combinator, BECO Capital, Global Founders Capital, Soma Capital Management, Dynamo, VentureSouq

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- BECO Capital (https://capitalatlas.ai/funds/beco-capital) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed, Series A
- Dynamo — Seed
- VentureSouq (https://capitalatlas.ai/funds/venturesouq) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Series A
- A.P. Moller Holding — Series A
- Saudi Aramco Entrepreneurship Ventures (https://capitalatlas.ai/funds/saudi-aramco-entrepreneurship-ventures) — Series A
- Nakhla VC — Series A
- Quadri Ventures (https://capitalatlas.ai/funds/quadri-ventures) — Series A