# Tendertec

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tendertec

- Industry: Software
- Headquarters: Cardiff, UK
- Website: www.tendertec.org
- Total disclosed funding: $0.6M
- Latest round: Seed (Jun 3, 2024)
- Investors on record: 2

## About

Based in the UK, Tendertec Limited specializes in innovative technology solutions that enhance connected care for aging populations, focusing on user privacy and real-time monitoring.Tendertec Limited, founded in 2017, is based in Cardiff, UK. The company focuses on providing technology solutions for care management. The founders, Afroditi Konidari and Rui Zhang, have a history of developing solutions aimed at improving care delivery. In June 2024, Tendertec raised GBP 440,000 in SEED funding led by the Development Bank of Wales, with participation from Puffin Point, bringing the total amount raised to GBP 440,000. The company has completed two notable funding deals to date.Tendertec specializes in innovative technology solutions designed to enhance connected care for aging populations. Their primary product offerings include ambient sensing technology that provides real-time monitoring of daily living activities, fall detection, and body temperature tracking, all while prioritizing user privacy. The products utilize state-of-the-art thermal sensors to collect unidentifiable data, allowing for proactive care management without the need for wearables. Tendertec’s solutions support a range of end users, including care providers, housing organizations, and family members concerned about the safety and wellbeing of loved ones. This technology is marketed primarily in the UK and EU, with a focus on transforming various care settings into smart living spaces that support healthy lifestyles and improve care delivery.Tendertec's revenue model is primarily based on B2B transactions, providing subscriptions and partnerships to care providers and housing organizations that utilize their technology. The company offers its solutions through a platform that enables clients to access real-time insights and analytics, fostering streamlined care delivery. Although specific pricing plans are not publicly disclosed, the company’s offerings include subscriptions for ongoing access to their suite of products that encompass their advanced fall detection and monitoring systems. Tendertec focuses on delivering value through these partnerships, enhancing care outcomes and optimizing operational efficiency for their clients, which include care homes and healthcare providers across Europe.In June 2024, Tendertec Limited raised GBP 440,000 in venture funding led by the Development Bank of Wales, with participation from Puffin Point and individual investors. The company plans to utilize this funding to recruit additional team members, support research and development, and to expand its reach. Tendertec aims to enhance its product offerings and is focused on market expansion within the UK and EU, aiming to bring further innovative solutions for connected care to these regions.

## Funding rounds

- Seed, Jun 3, 2024, $0.6M — Development Bank of Wales, Puffin Point

## Investors

- Development Bank of Wales (https://capitalatlas.ai/funds/development-bank-of-wales) — Seed
- Puffin Point — Seed