Archlet
Latest round
- Series A
Last raised
- Sep 2021
Total raised
- $13M
Investors
- 4
About Archlet
Founded in 2018 in Zurich, Switzerland, Archlet AG specializes in sourcing optimization solutions for procurement teams. The company was co-founded by Jakob Manz and Tim Grunow.Archlet specializes in providing an advanced sourcing optimization solution designed for procurement teams to enhance their sourcing strategies through intelligent automation and data-driven decision-making. The core offerings include AI-powered e-sourcing tools that enable users to analyze and model sourcing scenarios incorporating various non-cost components such as sustainability, performance metrics, risk assessments, and supplier diversity. These features empower procurement teams to make holistic, informed decisions while significantly reducing project timelines. Archlet serves a diverse clientele comprising pioneering procurement teams globally, with a focus on sectors that prioritize strategic sourcing and efficient supplier management.Archlet generates revenue primarily through a subscription model that grants clients access to its suite of sourcing optimization tools. Clients typically enter into contractual agreements to utilize Archlet's flagship services, which include detailed analytics and scenario modeling capabilities. This structure fosters long-term partnerships, allowing organizations to streamline their sourcing processes and drive cost savings. While specific pricing details for individual services are not disclosed, the subscription model typically involves tiered pricing plans that align with the scale and complexity of the client’s procurement needs. Specific target markets for expansion have yet to be disclosed, but Archlet is committed to enhancing its product offerings and reaching a broader audience.
Who invested in Archlet
4 investors across 2 rounds
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Questions about Archlet
Who invested in Archlet?
Archlet has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Archlet raised?
Archlet has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Archlet last raise money?
Archlet's most recent round on record is a Series A, in Sep 2021.
What does Archlet do?
Founded in 2018 in Zurich, Switzerland, Archlet AG specializes in sourcing optimization solutions for procurement teams.
Where is Archlet headquartered?
Archlet is headquartered in Zurich, Switzerland.
Which VCs invest in companies like Archlet?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back outsourcing companies at Archlet's stage. Their profiles are linked below.
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