Forgent AI is building an AI-driven procurement platform that automates the end-to-end process of winning government contracts. Its domain-aware AI agents scan thousands of fragmented European tender portals, match opportunities to a bidder’s capabilities, and draft fully compliant proposals, cutting work cycles from days to hours. The company addresses Europe’s €2 trillion public procurement market, where 40 % of tenders currently receive one or no bids due to complexity and manual workflows. Early customers, ranging from infrastructure firms to high-tech suppliers, report faster discovery and higher win rates by using Forgent's software. The founding trio—Erik Heinelt, Dr Leonard Wossnig, and Dr Timo Kuschma—combine serial-entrepreneurial and deep AI research backgrounds. With its initial funding, the startup plans to expand into additional industry verticals, hire across key functions, and advance its AI agent technology. To date, Forgent AI has raised €4.3 million in external capital.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2025