# Sparetech

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

- Industry: Software
- Headquarters: Stuttgart, Germany
- Website: www.sparetech.io
- Total disclosed funding: $17M
- Latest round: Series A (Jul 28, 2023)
- Investors on record: 10

## About

Founded in 2018 and based in Stuttgart, Germany, Sparetech GmbH, operates as a provider of a spare part management platform used to digitize their spare part inventory to determine their actual demand, find the right part either outside or inside their production network, and compare components from various vendors. In June 2023, Sparetech GmbH raised EUR 10 million in series A funding led by new investor Insight Partners, with participation from returning investor Headline. As of 2023, the company is led by its CEO, Martin Weber, and has a client base that includes companies like Speira, Wepa, Bosch, and many more.

The company offers an availability platform, SPARETECH algorithms and matching, material master matching, semantic data management, big data, and automated data processing solutions. The company also provides cross-site warehouse management systems,  identification of duplicates and completion, and enterprise resource planning (ERP) solutions catering to Excel, CSV files, or other file formats.

The company plans to use the June 2023 funding to accelerate its growth internationally.

## Funding rounds

- Series A, Jul 28, 2023, $11M — Insight Partners, Headline, Reber Capital UG, Startup Autobahn, Carcharodon Capital GmbH, CareCap Technology Ventures GmbH, Brunner Vermögensverwaltung GmbH
- Seed, Jul 27, 2021, $5.9M — Headline, Plug and Play, Reber Capital UG, CG Partners, Carcharodon Capital GmbH, CareCap Technology Ventures GmbH, Nexus Investments GmbH, Brunner Vermögensverwaltung GmbH

## Investors

- Headline (https://capitalatlas.ai/funds/headline) — Seed, Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Reber Capital UG — Seed, Series A
- CG Partners — Seed
- Carcharodon Capital GmbH — Seed, Series A
- CareCap Technology Ventures GmbH — Seed, Series A
- Nexus Investments GmbH — Seed
- Brunner Vermögensverwaltung GmbH — Seed, Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A
- Startup Autobahn (https://capitalatlas.ai/funds/startup-autobahn) — Series A