# Markt-Pilot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/markt-pilot

- Industry: Software
- Headquarters: Esslingen am Neckar, Germany
- Website: www.markt-pilot.com
- Total disclosed funding: $50M
- Latest round: Series A (Apr 4, 2024)
- Investors on record: 2

## About

Based in Esslingen am Neckar, Germany, and founded in 2020 by Tobias Rieker and Amin Oumhamdi, Markt-Pilot GmbH, a.k.a. Markt-Pilot, operates as a software company that focuses on providing a software-as-a-service (SaaS) solution for offering transparency about the range, prices, and delivery times of spare parts to the machine manufacturers. The company has office locations in Chicago, Milan, and Stockholm. In April 2024, Markt-Pilot GmbH raised USD 43 million in a Series A funding led by Insight Partners, with participation from Capnamic. The round valued Markt-Pilot GmbH at USD 349.75 million post-money. As of August 2024, Alex Morbe is the CEO of the company.

Markt-Pilot offers two key software products for machine manufacturers: Priceradar and Priceguide. Priceradar is a platform that provides users with access to market data on spare parts, offering insights into competitor pricing, delivery times, and identifying parts that may be overpriced or have potential for price increases. It combines automated research with expert validation from over multiple data points, without the need for complex integrations or APIs. Priceguide is an artificial intelligence (AI)-powered platform that delivers pricing recommendations based on internal and external data, helping businesses optimize their spare parts pricing strategies. The platform supports data-driven decision-making and personalization of pricing strategies to meet business goals.

The company generates revenue from offering its products at three pricing plans, which include advanced for Priceradar to monitor market prices and delivery times; professional for Priceradar and Priceguide to automatically predict pricing and real-time sales; and an enterprise plan to integrate pricing solutions into ERP systems along with offering API access and priority support.

Markt-Pilot plans to use its proceeds from April 2024 funding to further expand its business in Europe and the US.

## Funding rounds

- Series A, Apr 4, 2024, $43M — Insight Partners, Capnamic
- Seed, Apr 5, 2022, $6.7M — Capnamic

## Investors

- Capnamic (https://capitalatlas.ai/funds/capnamic) — Seed, Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A