PartsCloud raised €5M in seed funding led by Newion, MBG, and SquareOne to develop a platform for efficient spare parts management.
Feb 05, 2025•8 months ago
Amount Raised
€5 Million
Round Type
seed
Investors
Square OneMbgNewion
Description
Germany-based B2B tech startup PartsCloud has successfully raised €5M in seed funding. The funds will be used to enhance its platform that aims to streamline spare parts logistics for SMEs in order to reduce costs and improve efficiency.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers