Berlin-based akirolabs, a SaaS platform for collaborative strategic procurement, announced that it has raised $5M (approximately €4.61M) in a seed round of funding.
The funds will be directed towards advancing akirolabs’ SaaS product, strengthening its AI capabilities, and facilitating the expansion of customer growth and overall business operations.
Investors supporting akirolabs
The investment was led by investors including HTGF, OTB Ventures, D11Z. Ventures, and Switzerland-based Serpentine Ventures.
The round also saw participation from angel investors, including Fredrick Spalcke (ex-CPO of Phillips & Huawei), Heiko Schwarz (CEO of riskmethods), Markus Ehrle (VP and GM EMEA at ServiceNow), and Detlef Schultz (former CEO of the Vodafone Procurement Company).
Besides the funding, akirolabs has appointed Jens Rassloff as Chairman of the Advisory Board, leveraging his extensive experience in tech, growth, innovation, and investment strategies. Rassloff concurrently holds similar roles at Coparion, Parloa, and d.velop.
AI-powered platform designed to elevate procurement
Founded in 2021 by Michael Pleuger, Detlef Schultz, Christoph Flöthmann and Tim Ergenzinger, akirolabs underscores a shift in procurement digitalisation from operational to strategic focus.
According to the company, current macroeconomic challenges and unforeseen events intensify the need for strategic procurement. akirolabs aims to address this by offering an AI-powered solution to unlock higher value beyond traditional savings.
The company provides an AI-powered SaaS solution, empowering clients to unlock 4-5 times higher value beyond traditional savings in procurement.
Co-founder Pleuger says, “We’re very grateful for the trust placed into akirolabs in this funding round. It emphasises the imperative of advanced strategic procurement software in today’s economic environment. In these challenging times, akirolabs does not just facilitate savings on price.”
“Much more, our solution delivers tangible improvements in total cost and supply chain resilience, sustainability and agility, strengthening the competitiveness of our customers.”
