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PartsCloud raised €5M in seed funding led by Newion, MBG, and SquareOne to develop a platform for efficient spare parts management.

Feb 05, 20258 months ago

Amount Raised

€5 Million

Round Type

seed

StuttgartInformation TechnologySoftware

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.

Company Information

Company

PartsCloud

Location

Stuttgart, Baden-Württemberg, Germany

About

PartsCloud is a B2B technology startup providing software solutions for efficient spare parts management. Founded in 2021, the company aims to simplify spare parts ordering through a digital platform, reducing internal process costs and inventory expenses. Its software integrates seamlessly with ERP systems, serving mechanical engineering clients across Europe and the US. PartsCloud's innovative approach helps SMEs navigate inventory challenges effectively.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers