Beacon Bid

What Beacon Bid does

Beacon Bid is an Austin, Texas-based software company founded in 2021 that operates a public sector e-procurement platform connecting government agencies with their suppliers. The platform is structured as a suite of modules covering the procurement lifecycle: E-Procurement for digital purchasing workflows, E-Bid for electronic solicitation and bidding, and Contract Management for contract lifecycle oversight, complemented by supplier management functionality and add-on modules for Research, Market Research, and Shared Contract Search. The company also offers Procure AI, an AI-powered procurement assistant intended to support workflows, contract analysis, and supplier discovery. Its stated technology stack is a SaaS procurement platform with AI capabilities, delivered through a public-facing web application with login, demo-request, and supplier self-registration entry points.

The company's customer base is organized into two primary vertical segments: government agencies at federal, state, and local levels seeking modernized procurement tools, and government suppliers seeking efficient access to public sector contract opportunities. Beacon Bid distributes through a hybrid go-to-market combining enterprise sales engagement (demo requests targeting agency buyers) with self-serve supplier registration (a product-led growth motion targeting the supplier long tail). The revenue model is annual subscription with quote-based pricing not publicly disclosed. The company is privately held, employs 1-10 people, is led by CEO Stephen Hetzel, and received an early-stage funding round led by Serpico Group in December 2021. In March 2026, it appointed Kim Cullen Prather as Director of Marketing, indicating investment in awareness and demand generation.

Beacon Bid is at an early commercial stage. No revenue, customer logos, partnerships, awards, patents, or regulatory certifications are disclosed in available sources, and only one leadership hire beyond the CEO is documented. The breadth of its product module set relative to its small headcount suggests a platform-first build strategy, with commercial traction yet to be evidenced.

Name

Beacon Bid

Website

https://beaconbid.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Beacon Bid is an Austin-based SaaS company that provides an e-procurement, e-bidding, and contract management platform for U.S. government agencies and their suppliers, with an AI-powered procurement assistant.

Ownership category

akta.pro rank

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Public Procurement & Contracting (BPAIAEAE)

akta.pro secondary industry

Procurement Helpdesk & Stakeholder Support (BPAAAJAD)

Keywords

• E-procurement platform
• Government bidding software
• Public sector procurement
• Contract management software
• Supplier sourcing tools

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

Revenue model

1. Platform Subscription: Beacon Bid operates as a SaaS procurement platform serving government agencies and suppliers, likely through subscription-based access to its e-procurement, e-bidding, contract management, and research tools.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Beacon Bid provides a SaaS e-procurement platform that connects government agencies with suppliers for public sector purchasing. The platform covers the full procurement lifecycle, including electronic bidding (E-Bid), e-procurement workflows, contract lifecycle management, shared contract search, market research, and an AI-powered procurement assistant (Procure-AI). Suppliers can register and participate free of charge, while agencies subscribe to access the tooling.

Product overview

Beacon Bid offers a platform-plus-modules architecture for public sector procurement. The core platform includes E-Procurement for digital purchasing workflows, E-Bid for electronic bidding management, and Contract Management for contract lifecycle oversight. These are complemented by supplier management capabilities and add-on modules including Research, Market Research, and Shared Contract Search for enhanced discoverability. The portfolio also includes Procure AI, an AI-powered module that enhances procurement workflows through artificial intelligence capabilities. The platform connects government agencies with suppliers in public procurement processes.

Differentiator

Problem solved

Functional benefit

Segments2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/beaconbid
• LinkedInlinkedin.com/company/beaconbid

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beacon Bid