# Lhotse Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lhotse-technologies

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.lhotse.de
- Total disclosed funding: $5.9M
- Latest round: Seed (Jul 29, 2021)
- Investors on record: 2

## About

Founded in 2020 and based in Berlin, Germany, Lhotse Technologies GmbH operates as a cloud-based SaaS platform that automates and simplifies procurements. The company was co-founded by Can Akin, Henning Hatje, and Jan Berssenbruegge. In September 2021, Lhotse raised EUR 5 million in Seed funding led by Cavalry Ventures.

The company uses automation and artificial intelligence to work and wrangles relevant information into one central procurement position. Lhotse also provides end-users with a total review of previous suppliers and orders, recommended suppliers, and automatically receives offers from competing suppliers.

The company plans to use its funding from September 2021 to further develop its products as well as expand the team.

## Funding rounds

- Seed, Jul 29, 2021, $5.9M — SquareOne, NAP

## Investors

- SquareOne (https://capitalatlas.ai/funds/squareone) — Seed
- NAP (https://capitalatlas.ai/funds/nap) — Seed