# Genlots

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

- Industry: Software
- Headquarters: Lausanne, Switzerland
- Website: www.genlots.com
- Latest round: Seed (May 23, 2021)
- Investors on record: 2

## About

Genlots SA develops advanced AI-powered software solutions aimed at optimizing operational purchasing for industries such as pharmaceuticals, consumer goods, and manufacturing.Founded in 2015 by Simon Schenker in Lausanne, Switzerland, Genlots SA focuses on providing AI-based tools for operational purchasing efficiency. The company has engaged in three deals to date, with the most recent deal occurring on May 23, 2021.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 serves a diverse client base that includes large multinational corporations, such as Syngenta and major pharmaceutical companies, primarily in markets across Europe and North America.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. The financial model emphasizes low internal effort and quick deployment, utilizing standardized interfaces for smooth integration with existing systems like SAP S4/HANA and ECC.In May 2021, Genlots SA raised an undisclosed amount of Seed funding from returning investor Ace & Company. The company plans to utilize this funding to develop new software products aimed at enhancing purchasing processes further. 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.

## Funding rounds

- Seed, May 23, 2021 — ACE & Company
- Seed, Dec 12, 2019 — ACE & Company, Fly Ventures
- Seed, Jun 7, 2019 — Fly Ventures

## Investors

- Fly Ventures (https://capitalatlas.ai/funds/fly-ventures) — Seed
- ACE & Company (https://capitalatlas.ai/funds/ace-company) — Seed