Orpheus
Latest round
- Series A
Last raised
- Sep 2014
Total raised
- Undisclosed
Investors
- 3
About Orpheus
Founded in 2005, Orpheus GmbH is based in Nuremberg, Germany, and focuses on providing Spend Analytics Software as a Service (SaaS).Spendscape by McKinsey offers comprehensive Spend Analytics Software designed as a Software as a Service (SaaS) solution. The platform enables organizations to gain in-depth insights into their procurement spend, facilitating improved decision-making, innovation, and growth opportunities. The software integrates advanced technologies, including state-of-the-art Extract, Transform, and Load (ETL) processes, to create a reliable single source of truth for procurement data. Key functionalities include data cleansing and categorization, carbon and sustainability tracking, and dedicated analytics modules that cater to specific categories and sourcing needs.Spendscape generates revenue primarily through subscription-based models, offering clients access to its suite of Spend Analytics Software. Clients engage with the platform based on tailored service packages that align with their procurement and sustainability goals. Transactions typically involve B2B relationships, where companies subscribe to the software to utilize its analytics capabilities for optimizing procurement strategies. The revenue structure is reinforced by the company's ability to provide comprehensive insights and actionable recommendations through its analytics modules and managed insights services.Following the acquisition by McKinsey & Company, Orpheus GmbH plans to leverage the resources of its parent company to enhance its product offerings and expand its market reach. The company is focusing on developing new features for Spendscape, with an aim to launch an upgraded version in the second half of 2021. Additionally, Orpheus is targeting expansion into the North American and Asian markets by 2023, seeking to establish a stronger presence in these regions. The recent acquisition will support these initiatives by providing the necessary capital and strategic guidance to drive growth and innovation.
Who invested in Orpheus
3 investors across 3 rounds
See all investors in Orpheus
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Orpheus
Who invested in Orpheus?
Orpheus has 3 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 Orpheus raised?
Orpheus has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Orpheus last raise money?
Orpheus's most recent round on record is a Series A, in Sep 2014.
What does Orpheus do?
Founded in 2005, Orpheus GmbH is based in Nuremberg, Germany, and focuses on providing Spend Analytics Software as a Service (SaaS).
Where is Orpheus headquartered?
Orpheus is headquartered in Nuremberg, Germany.
Which VCs invest in companies like Orpheus?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Orpheus's stage. Their profiles are linked below.
VCs backing software startups at Series A
Raising like Orpheus? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.