Monq
Category: AI in Marketing
Monq is an AI-powered enterprise negotiation platform that combines large language models (LLMs), contract intelligence, and behavioral science to automate and optimize high-value supplier negotiations for enterprises. Monq was founded in 2025. The company is led by Yasin Bostancı. Based in London, United Kingdom. Team size: 10-50. Total funding raised: $3 million. Latest round: Pre-Seed. Key investors include Outward VC (Lead), Cornerstone VC, Portfolio Ventures, Octopus Ventures, Endurance Ventures, Lakestar Halo, Strategic angels.
- Founded
- 2025
- Headquarters
- London, United Kingdom
- Team size
- 10-50
- Total funding
- $3 million
Value proposition
Saves enterprises 15-40% on procurement costs while accelerating deal cycles by 5x through AI-driven negotiation automation, ensuring compliance and leveraging institutional knowledge retention.
Products and solutions
Multi-agent AI negotiation system, Contract intelligence module, Behavioral science-driven negotiation strategies, Real-time procurement analytics dashboard
Unique value
First AI platform to integrate LLM-based reasoning, contract analytics, and behavioral science for enterprise procurement negotiation, rather than replacing human teams.
Target customer
Fortune 2000 enterprises with complex procurement needs across industries like manufacturing, technology, logistics, professional services, and software.
Industries served
Manufacturing, Technology, Logistics, Professional Services, Software & SaaS
Technology advantage
Patented multi-agent AI architecture enables dynamic, context-aware negotiations by analyzing deal history, supplier performance, and market trends.
How they differentiate
Monq integrates negotiation psychology with autonomous AI agents and combines LLM reasoning, contract intelligence, and behavioral science. Competitors often focus on supplier discovery or operational automation, whereas Monq emphasizes strategic, data-driven negotiation at scale.
Main competitors
ProcureTech Solutions, IntelliProcure Inc., SmartBuy Innovations
Key partnerships
Outward VC (lead investor), Cornerstone VC, Portfolio Ventures, Octopus Ventures, Endurance Ventures, Lakestar Halo
Notable customers
Fortune 2000 enterprises (specifics unlisted)
Major milestones
Secured $3M pre-seed funding led by Outward VC (November 2025), Launched AI negotiation platform for strategic procurement, Achieved 40% cost savings and 5x faster deal cycles in early pilots
Growth metrics
Reports up to 40% cost savings and 5x faster deal cycles in pilot programs.
Market positioning
Positioned as a premium AI-driven platform for enterprise procurement, targeting high-value supplier contract negotiations. Aims to transform procurement from a cost center to a strategic lever by enabling data-informed, scalable negotiations.
Geographic focus
Primarily focused on the UK and European markets, with expansion potential into global enterprise sectors.
Patents and IP
Not publicly disclosed (company in early-stage IP development)
About Yasin Bostancı
Former Operating Partner at Revolut's CEO Office (2020-2025), R&D Director and AT Member at Huawei (2016-2020)
Official website: https://www.monq.io