GovRadar

GovRadar GmbH, established in 2020, operates within the GovTech sector, focusing on streamlining public procurement processes for government agencies. The company was founded by Sascha Soyk, who brought experience from the Boston Consulting Group, and Moritz Miersch, previously with Hengeler Mueller. Their combined expertise in consulting and legal frameworks appears to be a foundational element for a company tackling the complexities of public procurement law.

The firm's business model is centered on a Software-as-a-Service (SaaS) platform designed to digitize and simplify the often cumbersome and lengthy tendering procedures. GovRadar targets public-sector contracting authorities, offering them tools to manage procurement with greater efficiency and legal compliance. The company generates revenue through subscriptions to its platform, which is structured into several distinct modules. Following its 2020 inception, the software officially launched in 2022 and has since attracted over 1,000 active users by 2023.

The platform's core functionalities are delivered through specific modules. "GovRadar Markets" provides a product database that allows users to compare their requirements against available market offerings, aiding in the intelligent definition of supply services. Another key component, the "Tenders & AI" module, leverages artificial intelligence to assist in drafting tender documents by generating formulation proposals. To complement these features, "GovRadar Tenders" offers access to an extensive database of tenders with advanced search capabilities. Finally, the "GovRadar Documents" module facilitates the creation of contracts and forms through a guided, interactive assistant, which also supports the development of custom document templates.

Keywords: GovTech, public procurement, SaaS, procurement software, government contracting, tender management, legal tech, AI, document automation, public sector