How much funding has Sparetech raised?

Sparetech has raised $16.9M in total funding, most recently a Series A round.

Who are Sparetech's investors?

Sparetech's investors include Headline, Insight Partners.

Where is Sparetech headquartered?

Sparetech is headquartered in Stuttgart, Germany.

How many employees does Sparetech have?

Sparetech has 51-200 employees.

Sparetech

Spare parts intelligence for spare parts people

Stuttgart, Germany · Founded 2018 · $16.9M raised

SaaS

Headquarters: Stuttgart
Employees: 51–200
Founded: 2018
Business Model: B2B

Website: sparetech.io
Total Funding: $16.9M
Last Round: $11.0M Series AJun 2023
Rounds: 2

About

SPARETECH is an AI-powered MRO (Maintenance, Repair & Operations) software platform that enables manufacturing companies to reduce spare parts spend and optimize inventory. The platform provides a global spare parts search engine, automated BOM (bill of materials) checking, data lifecycle management, and digital workflow tools. By leveraging the industry's largest spare parts catalog and proprietary matching technology, SPARETECH helps maintenance and procurement teams eliminate duplicate inventory, reduce unplanned downtime, and achieve strategic MRO sourcing. Customers include Bosch, Porsche, Volkswagen, BMW, Nestlé, and Sanofi.

Summary

Sparetech is a SaaS company based in Stuttgart, Germany, founded in 2018. It has raised $16.9M in total across 2 rounds, most recently a $11.0M Series A round in Jun 2023. Investors include Headline and Insight Partners.