# Archlet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/archlet

- Industry: Outsourcing
- Headquarters: Zurich, Switzerland
- Website: www.archlet.io
- Total disclosed funding: $13M
- Latest round: Series A (Sep 30, 2021)
- Investors on record: 4

## About

Archlet AG is a procurement technology company that delivers an advanced sourcing optimization solution, leveraging AI-driven tools to enhance decision-making and streamline sourcing processes for procurement teams.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 has completed a total of 3 funding deals, with its most recent being a Series A round on September 30, 2021, where it raised USD 10.000 mn led by HV Capital, with participation from investors including Founderful, La Famiglia, and Senovo. The total amount raised by Archlet to date is USD 10.000 mn.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. The company operates in various geographical markets, including Europe, North America, and Asia Pacific, addressing the needs of organizations keen on leveraging technology in procurement.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. Revenue is derived from B2B transactions, reflecting the company's commitment to supporting organizations in achieving measurable impacts through enhanced sourcing efficiency.In September 2021, Archlet AG raised USD 10.000 mn in Series A funding, led by HV Capital, to support its strategy for future growth. The company plans to utilize this funding to expand into new markets and further accelerate product development. Specific target markets for expansion have yet to be disclosed, but Archlet is committed to enhancing its product offerings and reaching a broader audience.

## Funding rounds

- Series A, Sep 30, 2021, $10M — HV Capital, Senovo, La Famiglia, Founderful
- Seed, Jan 20, 2021, $2.8M — Senovo, La Famiglia, Founderful

## Investors

- Senovo (https://capitalatlas.ai/funds/senovo) — Seed, Series A
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed, Series A
- Founderful (https://capitalatlas.ai/funds/founderful) — Seed, Series A
- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Series A