Altura Expands UK Presence with £6.7m Funding and London Office Opening
Deal News | Jun 10, 2025 | Business Cloud
Netherlands-based Altura, an AI-driven bid management startup, has secured £6.7 million in Series A funding, led by European VC firm Octopus Ventures. The funds will support Altura's expansion into the UK, including a second office in London, as well as the introduction of AI agents to streamline public and private sector tender processes. The company, which has been operational since 2021, currently collaborates with major brands like Adecco, EY, and Ricoh in the Benelux region. The UK represents a strategic growth opportunity, with its vast public procurement market, a perspective echoed by Altura's CEO Matthijs Huiskamp and Octopus Ventures investor Constanza Diaz.
Sectors
- Technology
- Venture Capital
- Public Procurement
Geography
- Netherlands – Altura is headquartered in the Netherlands and has its origins there.
- United Kingdom – The article discusses Altura's expansion into the UK, including the opening of a second office in London.
- Benelux – Altura has an established presence in the Benelux region.
Industry
- Technology – Altura operates in the Technology sector, specifically focusing on AI-powered bid management solutions.
- Venture Capital – The involvement of Octopus Ventures and other investors positions the article within the Venture Capital industry.
- Public Procurement – The article highlights Altura's focus on public sector procurement, a key part of its expansion strategy.
Financials
- £6.7 million – The amount raised in Series A funding by Altura to support its UK expansion and AI development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Altura | Target Company | Company | An AI-powered bid management startup expanding its operations into the UK market. |
| Octopus Ventures | Lead Investor | Company | A European venture capital firm leading the Series A funding round for Altura. |
| Fortino Capital, Curiosity VC, Perry Oostdam, Pawel Smoczyk | Existing Investors | Company/People | Investors participating in the funding round alongside Octopus Ventures. |
| Matthijs Huiskamp | CEO & Founder | Person | Founder and CEO of Altura, spearheading the company's expansion into the UK. |
| Constanza Diaz | Investor | Person | Investor at Octopus Ventures commenting on the strategic importance of Altura's expansion. |