London-based startup Bendi, which helps companies manage suppliers, discover trade opportunities, and identify risks, has secured $1.04 million in a pre-seed round. Investors include MidvenVC, Ada Ventures, Heartfelt Capital, and Chasing Rainbows.
- Founded in 2020 by Mandeep Soor and Olivier Bacs, Bendi develops an AI platform that enhances supply chain visibility and risk management.
- Their Prism solutions allow businesses to monitor supplier networks, uncover trade connections, and identify potential risks, enabling proactive responses to sustainability and business interruption challenges.
- Bendi analyzes over 20 million data points to create risk profiles for companies and sites, screening firms in 30 languages and assessing risks using 103 indicators related to labor rights, human rights, and environmental governance.
Details of the deal
- The pre-seed round was led by Midven, part of the global Future Planet Capital fund. This venture capital firm invests up to £2 million into early-stage, fast-growing SMEs.
“Bendi's Prism software has the potential to be a game-changer in the data intelligence space, and we are confident in the team's ability to deliver on their vision. This investment aligns perfectly with our mission to support innovative and high-growth businesses," Midven's team, commented.
- Other participants in the round included Heartfelt Capital, based in Berlin, Chasing Rainbows from San Francisco, as well as various angels and Innovate UK.
- With the new funding, Bendi intends to improve its platform, grow its team, and broaden its reach into additional industries and markets.
