Genlots
Latest round
- Seed
Last raised
- May 2021
Total raised
- Undisclosed
Investors
- 2
About Genlots
Founded in 2015 by Simon Schenker in Lausanne, Switzerland, Genlots SA focuses on providing AI-based tools for operational purchasing efficiency.GenLots specializes in AI-powered software solutions designed to enhance operational purchasing excellence for clients across various industries, including pharmaceuticals, consumer goods, chemicals, and manufacturing. Their core offering features an advanced system that imports real-world data from Enterprise Resource Planning (ERP) systems, using machine learning to optimize supply plans, manage inventory, streamline transactions, and adjust pricing, thus significantly reducing operational costs. The software addresses common challenges such as long lead times, high quality control costs, and complexities in inventory management.GenLots generates revenue through subscription-based models allowing clients to access its software solutions with minimal user interaction, facilitated by automated API integration. Transactions typically involve direct contracts with corporate clients, focusing on long-term partnerships that support continuous optimization of purchasing processes. The pricing structure reflects the comprehensive benefits derived from the software, particularly in inventory reduction and cost savings, with clients experiencing notable financial impacts from implementation. GenLots is targeting expansion into new geographic markets in Europe and North America by the end of 2022, aiming to increase its client base and enhance service delivery.
Who invested in Genlots
2 investors across 3 rounds
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Questions about Genlots
Who invested in Genlots?
Genlots has 2 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Genlots raised?
Genlots has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Genlots last raise money?
Genlots's most recent round on record is a Seed, in May 2021.
What does Genlots do?
Founded in 2015 by Simon Schenker in Lausanne, Switzerland, Genlots SA focuses on providing AI-based tools for operational purchasing efficiency.
Where is Genlots headquartered?
Genlots is headquartered in Lausanne, Switzerland.
Which VCs invest in companies like Genlots?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Genlots's stage. Their profiles are linked below.
VCs backing software startups at Seed
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