Tenderd Raises $30M in Series A Funding


Tendred, a Copenhagen, Denmark-based company which specializes in digital transformation for heavy equipment management and operations, raised $30M in Series A funding.

The round was led by A.P. Moller Holding, with participation from Quadri Ventures, Saurya Prakash, Wa’ed Ventures, Nakhla Ventures, SOMA Capital, and Liquid 2 Ventures. Existing backers included Peter Thiel, Paul Graham, and Y Combinator. 

The company intends to us the funds to further expand its global presence.

Led by CEO Arjun Mohan, Tenderd provides a platform that transforms data from heavy equipment used in construction, manufacturing, and logistics operations into actionable insights. Its telematics platform provides project owners and contractors access to a tracking system powered by AI, enabling them to increase overall equipment productivity by tracking and running equipment effectively, resulting in increased efficiency, enhanced safety, and lowered emissions.