DemandStar Corporation is a technology company.
DemandStar Corporation has raised $2.0M across 1 funding round.
DemandStar Corporation has raised $2.0M in total across 1 funding round.
DemandStar Corporation has raised $2.0M in total across 1 funding round.
DemandStar Corporation's investors include DCM, Fusion Fund, General Catalyst, Hannah Grey, Moonshots Capital, Shasta Ventures, Version One Ventures, Greg Kidd.
DemandStar Corporation is a technology company that provides an eProcurement platform connecting government agencies with a large network of suppliers to streamline government contract bidding and procurement processes. It serves local governments and businesses by automating bid notifications, submissions, and management, helping governments increase bid responses and save on contract costs while enabling businesses to discover and win government contracts more efficiently[1][2].
Founded in 1998, DemandStar has evolved into one of the fastest-growing shared supplier networks for government eProcurement, currently serving over 1,400 government agencies and more than 150,000 suppliers nationwide. The platform is free for governments and offers paid and free accounts for suppliers, facilitating transparency, efficiency, and supplier diversity in public procurement[2][3][5].
DemandStar rides the trend of digital transformation in government procurement, addressing the need for more efficient, transparent, and inclusive public sector purchasing. The timing aligns with increasing government mandates for supplier diversity, cost containment, and streamlined operations. By connecting governments with a broad supplier base digitally, DemandStar influences the public procurement ecosystem by fostering competition, reducing paperwork, and enabling data-driven decision-making[1][2].
DemandStar, recently rebranded as Euna OpenBids under Euna Solutions, is positioned to expand its impact by leveraging its large network and technology platform to further modernize public procurement. Future trends shaping its journey include increased government digitalization, demand for supplier diversity, and the push for transparency and efficiency in public spending. Its influence is likely to grow as more governments adopt eProcurement solutions and as the platform enhances its capabilities to serve both buyers and suppliers more effectively[4].
DemandStar Corporation has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in June 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2020 | $2.0M Seed | DCM, Fusion Fund, General Catalyst, Hannah Grey, Moonshots Capital, Shasta Ventures, Version One Ventures, Greg Kidd |