akirolabs Raises $5 Million in Seed Funding Round
Berlin-based ProcureTech startup akirolabs has announced that it has secured $5 million in its recent seed funding round. The round was led by HTGF, OTB Ventures, and D11Z Ventures, with participation from Switzerland’s Serpentine Ventures and angel investments from industry leaders. This new funding will be used to enhance akirolabs’ AI capabilities and to further expand its customer growth and business operations.
akirolabs Empowers Procurement Organizations to Unlock Sustainable Business Value
Founded in 2021, akirolabs is a Berlin-based startup that aims to empower procurement organizations to unlock higher sustainable business value. The company offers an AI-powered strategic procurement SaaS solution that goes beyond traditional cost savings. By leveraging advanced technology and analytics, akirolabs enables its customers to achieve 4-5 times higher value from procurement, enhancing their competitiveness and resilience.
Industry Leaders and Investors Back akirolabs’ Vision
akirolabs’ recent seed funding round attracted investments from prominent industry leaders and venture capital firms. Notable angel investors include Fredrick Spalcke, ex-CPO of Phillips & Huawei, Heiko Schwarz, CEO of riskmethods, Markus Ehrle, VP and General Manager EMEA at ServiceNow, and Detlef Schultz, former CEO of the Vodafone Procurement Company. With this support, akirolabs is well-positioned to drive innovation and growth in the strategic procurement space.
akirolabs Recognized as an Innovator in Procurement
akirolabs’ innovative solutions have gained recognition from leading analysts and organizations. The startup has been named a Gartner “Cool Vendor,” a Gartner “Hype Cycle Sample Vendor,” and an IDC Innovator. Additionally, akirolabs has been included in Spend Matters’ “Future 5” and ProcureTech’s “Top 100 Pioneers.” These accolades validate the company’s value proposition and highlight its potential to disrupt the procurement industry.
Evolution of Procurement in a Challenging Economic Environment
akirolabs acknowledges that the current macroeconomic challenges and recent black swan events have amplified the need for strategic procurement. While digitalization in procurement has primarily focused on operational efficiency and savings, akirolabs emphasizes the untapped potential for higher value in strategic procurement. The company’s AI-powered SaaS solution addresses this capability gap, enabling customers to achieve significant improvements in cost, supply chain resilience, sustainability, and agility.
Forward-Thinking Investors Recognize akirolabs’ Potential
The investors in akirolabs’ seed funding round believe in the company’s potential to become an international leader in strategic procurement. Christian Arndt, Senior Investment Manager at HTGF, states that they are looking forward to supporting akirolabs on its path to success. Mateusz Lukasik, Investment Director at OTB Ventures, expresses excitement about akirolabs’ ability to transform strategic procurement decision-making. Thomas R. Villinger, Managing Director at D11Z Ventures, believes that akirolabs will set new standards in strategic procurement management.
Analyst comment
Positive news. akirolabs has raised $5 million in a seed funding round led by prominent investors. The funding will enhance its AI capabilities and drive customer growth. The market is expected to respond positively to akirolabs’ innovative solutions, potentially disrupting the procurement industry and attracting further investment.
