Monq raises $3M to advance its AI negotiation platform for enterprises

London-based Monq has emerged from stealth with $3 million in pre-seed funding to launch its AI-driven strategic negotiation platform. The round was led by Outward VC, with participation from Cornerstone VC, Portfolio Ventures, Octopus Ventures, Endurance Ventures, Lakestar Halo and strategic angels.

Founded in April by Revolut and Deutsche Bank alumni, Yasin Bostancı and Duygu Gözeler Porchet, Monq is addressing a major inefficiency in enterprise operations: how global corporations negotiate their most important deals.

Complex, high-value supplier contracts in the $1 million to $100 million range are central to enterprises across industries, including manufacturing, technology, logistics and professional services. Yet, despite being part of a $10.4 trillion market, strategic procurement remains one of the few core enterprise functions not fully automated. It is still dominated by manual processes that consume resources, with nearly a quarter of procurement time spent on low-value tasks, and it often depends on instinct rather than data-driven analysis.

At the same time, many existing technology solutions focus on applying AI to existing processes instead of fundamentally changing how procurement teams operate.

Monq’s multi-agent AI system combines LLM-based reasoning, contract intelligence and behavioural science to support, rather than replace, human judgment. Each agent analyses deal history, supplier performance data and negotiation behaviour patterns to anticipate counterparty responses, suggest negotiation levers and, where authorised, autonomously manage deals end-to-end. Teams retain full control over negotiation parameters and can decide how much to delegate, allowing them to focus on higher-value relationship building and strategy while gaining a measurable competitive advantage.

Yasin Bostancı, co-founder and CEO of Monq, noted that strategic procurement has been slow to benefit from real automation because it still relies heavily on human intuition.

By empowering procurement teams with strong, actionable, data-driven and intelligent insights, we’re giving enterprises the speed, clarity and confidence to negotiate at a new scale while unlocking billions in hidden deal flow, value and efficiency before that value is lost to the company.

In early pilots with partners, Monq is estimated to have reduced costs by up to 40 per cent, accelerated deal cycles by up to a factor of five and unlocked millions in additional value. These pilots have covered negotiations across capital expenditure agreements, consulting and professional services, software and technology licensing, as well as logistics and supply chain arrangements.

The capital will be used to scale ongoing pilots, expand operations and build full-time engineering and product teams across the EU, US and the Middle East. Monq is launching with a subscription-based model and plans to explore value-based pricing over time, where enterprises would pay a percentage of the savings generated by its technology.