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'increased the offer' is correct and usable in written English.
You can use it when you wish to indicate that an offer has been increased or raised. For example: "The company increased the offer to $50,000."
Exact(8)
Transit Wireless initially made an offer of $34.4 million, but it increased the offer during negotiations.
He increased the offer: "Twenty?" But the dealer had the last word: "No way!
Mosley said that Arum had initially offered him $2.5 million to fight De La Hoya, and later increased the offer to $4 million.
The apocryphal story is that a man once offered her $5 for a single biscuit and, as she stood silent, stunned by the amount, increased the offer to $10 (about $240 these days).
That is when News International increased the offer to about $798,000 for Mr. Taylor and $648,000 for legal costs, according to three people with direct knowledge of the talks.
The city council said the district valuer had since increased the offer to £90,000.
Similar(50)
The board of Take to Auction.com has not decided whether to increase the offer, he said.
Mr. Rogel has said he will increase the offer only if Willamette negotiates first.
Oaktree added that it would increase the offer if Jakks showed further value after due diligence.
The chief executive, Terry Burgess, wrote to Placer's president, Jay Taylor, this week asking him to increase the offer.
Sherpas and mountain guides threatened to cancel all climbing on Everest if Kathmandu did not increase the offer.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com