# KREATIZE

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

- Industry: Hardware
- Headquarters: Berlin, Germany
- Website: www.kreatize.com
- Total disclosed funding: $4.6M
- Latest round: Series A (Dec 5, 2018)
- Investors on record: 2

## About

KREATIZE GmbH is a Berlin-based company specializing in automating the procurement of low-demand mechanical components for machinery and plant engineering sectors, enabling streamlined supply chains for its clients.Founded in 2016, KREATIZE GmbH operates out of Berlin, Germany and focuses on automating the procurement process of mechanical components. The company has successfully completed three deals, with its most recent funding occurring on May 18, 2020. KREATIZE raised EUR 5 million in a Series A round led by B&C Industrieholding, totaling EUR 5 million raised to date. Daniel Rodriguez and Simon Tuechelmann are the founders, with Simon Tuechelmann currently serving as CEO.KREATIZE specializes in the automation of procurement for low-demand mechanical components within the machinery and plant engineering sectors. By leveraging a network of over seventy partner businesses, they simplify ordering processes for clients, ensuring that components meet quality standards and are delivered on time. KREATIZE enables seamless order placement through clients' preferred ERP systems, focusing on efficiency and reliability, primarily targeting the European market.KREATIZE's revenue model is based on B2B transactions facilitated through their procurement services. Clients identify key components, collaborate with KREATIZE to establish quality specifications and pricing, ensuring fixed costs upon agreement. This structure provides customers with predictable supply and allows them to order materials in bulk, supporting operational efficiency. KREATIZE emphasizes high-quality products and stringent quality management as integral to their market offering.In May 2020, KREATIZE GmbH raised EUR 5 million in Series A funding from B&C Industrieholding, which will be utilized to enhance their product offerings and expand their market reach. The company plans to introduce new automation solutions for procurement in the upcoming months and aims to expand its operations beyond Europe into new geographical regions by the end of 2023.

## Funding rounds

- Series A, Dec 5, 2018, $4.6M — Earlybird, Atlantic Labs
- Seed, Apr 15, 2017 — Atlantic Labs

## Investors

- Atlantic Labs (https://capitalatlas.ai/funds/atlantic-labs) — Seed, Series A
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Series A