Fundraising Reaches $30 Million in Series A for Dubai's Equipment Management Platform, Tenderd
In 2018, Arjun Mohan founded Tenderd, a Dubai-based heavy equipment management platform, with a seed round of $5.8 million, making it the largest in the region at the time. The company later pivoted into a Software as a Service (SaaS) platform, offering end-to-end management of heavy equipment and machines.
Tenderd's software helps companies collect and unify data on machines, automate operations, reduce carbon emissions, and cut costs. This digital transformation of heavy equipment rental, management, and operations has made Tenderd a key player in the UAE's industrial technology sector, particularly in construction and industrial projects within the Middle East and North Africa (MENA) region.
In 2021, the company raised $30 million in a Series A round, led by A.P. Moller Holding, the parent company of A.P. Moller Group, which owns Maersk. Existing investors Wa'ed Ventures, Nakhla Ventures, Soma Capital, and Liquid 2 Ventures also took part in the deal. New investors Quadri Ventures and Saurya Prakash, a product leader at Stripe, also participated.
The funding was intended to expand Tenderd's technology platform capabilities and scale operations regionally. This includes enhancing fleet digitization, predictive maintenance, and equipment utilization via data analytics. These efforts align with broader infrastructure growth in Dubai and surrounding GCC countries.
As of mid-2025, Tenderd has operations in the UAE and Saudi Arabia, and works with over 300 companies worldwide. However, recent search results do not contain detailed updates on its current operational status or specific future plans beyond the Series A funding milestone.
For the most precise, up-to-date information on Tenderd’s status and strategic roadmap, one would typically consult Tenderd’s official communications or press releases, industry reports on construction tech adoption in the MENA region, and business news or investment updates from UAE technology ecosystem sources.
Given the lack of concrete information in the search results, any speculative details about Tenderd’s future directions should be treated cautiously. Nonetheless, Tenderd's continued focus on heavy equipment management and its strategic partnerships suggest that it will continue to play a significant role in the MENA region's industrial technology sector.
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