PXR advised Tendos on its €12 million seed financing. The round was led by Insight Partners, with backing from founders, investors and industry leaders, including the founders of Personio, Forto and Flix, as well as Discovery Ventures.

Tendos is building an AI platform for the building materials industry. Its software supports manufacturers in modernising sales processes and helps the sector remain competitive over the long term. With the new funding, Tendos plans to expand its platform, enter additional markets and broaden its reach across the building materials value chain.

The PXR team advising on the transaction included Daniel Grisar and Michelle Karrer.

PXR thanks the Tendos team for their trust and the constructive collaboration throughout the process.