About FedBid
FedBid is a company based in Vienna (United States) founded in 1999 was acquired by Compusearch in October 2017.. FedBid offers products and services including Marketplace Platform, PRISM, Cost Engineering, Financial Assistance, and Program Management. FedBid operates in a competitive market with competitors including Periscope Holdings, Epylon, Onvia, DemandStar and HotLink, among others.
- Headquarter Vienna, United States
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Sectors
Government & Social SectorRetail Technology
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Phone
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Website
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Social
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- Legal Name Unison Software, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Compusearch
& 1 more
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Employee Count
Employee Count
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Acquired by
Compusearch
(Oct 03, 2017)
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Products & Services of FedBid
FedBid offers a comprehensive portfolio of products and services, including Marketplace Platform, PRISM, Cost Engineering, Financial Assistance, and Program Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online system for government sourcing and vendor bidding processes.
Tool for managing federal acquisition lifecycle and workflows.
Software for creating defendable cost estimates for governments.
Platform to build, submit, and monitor grants digitally.
System for managing federal program activities in a digital environment.
Funding Insights of FedBid
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2012 | Amount | Series A - FedBid | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FedBid
FedBid has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Compusearch and Revolution. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location | |
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Home healthcare products and mobility aids are supplied online.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FedBid
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FedBid
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fedbid Comparisons
Competitors of FedBid
FedBid operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Periscope Holdings, Epylon, Onvia, DemandStar and HotLink, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Web-based e-Procurement solutions are provided for government and businesses.
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| domain | founded_year | HQ Location |
eProcurement software is supplied to government agencies and educational institutions.
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| domain | founded_year | HQ Location |
Procurement management and bid notification solutions
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| domain | founded_year | HQ Location |
Online procurement management tool
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| domain | founded_year | HQ Location |
Cloud-based B2B trade platform is provided with event management features.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fedbid
Frequently Asked Questions about FedBid
When was FedBid founded?
FedBid was founded in 1999 and raised its 1st funding round 13 years after it was founded.
Where is FedBid located?
FedBid is headquartered in Vienna, United States.
What does FedBid do?
FedBid is an online marketplace for government and businesses. The basic model they use is reverse auction. The company ceased operations in December 2000 when it could not secure a second round of financing. In 2001, the FedBid online marketplace reopened under the ownership of Advance Technology, Inc., which changed its name to FedBid, Inc. in 2004. The new FedBid expanded the focus of its online marketplace from U.S. Federal Government commercial purchase card orders to purchase order (PO) transactions for bigger purchases of commercial items, including commodity-type goods and simple services. Currently it has 45000 to 50000 active vendors and around 25000 to 35000 active buyers.
Who are the top competitors of FedBid?
FedBid's top competitors include Periscope Holdings, Onvia and DemandStar.
What products or services does FedBid offer?
FedBid offers Marketplace Platform, PRISM, Cost Engineering, Financial Assistance, and Program Management.
Who are FedBid's investors?
FedBid has 2 investors. Key investors include Compusearch, and Revolution.