Germany-based PartsCloud, a B2B technology startup, has raised €5M in seed funding from Newion, MBG, and SquareOne.
Leopold Lindner, VC Investor at Amsterdam-based Newion, says, “In a market under economic pressure and facing a skilled labour shortage, spare parts management has become a critical revenue factor for machinery manufacturers.”
“However, outdated systems and inefficient processes are holding many companies back. PartsCloud, led by an experienced founding team, offers the essential tools for efficient spare parts management, enabling SMEs to remain competitive and meet global demand swiftly and accurately.”
A platform for spare parts logistics
PartsCloud mentions in a statement that around 80 per cent of spare parts in factory warehouses are never used and eventually scrapped due to order planning based on intuition. This is where PartsCloud steps in.
Founded by Benjamin Reichenecker and Fabian Gemmecke, the company’s software streamlines planning, customs processing, and warehouse logistics, reducing stock shortages and overstocking. Efficient spare parts replacement helps reduce financial losses caused by machine downtime.
Benjamin Reichenecker, founder and CEO of PartsCloud, says, “Most companies still rely on Excel spreadsheets for spare parts planning. What has been missing so far is a data-driven solution that enables proactive planning.”
As an industrial engineer, Reichenecker speaks from experience, having worked in the management of a mid-sized mechanical engineering company for six years. “For small and medium-sized companies, managing spare parts without digital support has been extremely labour-intensive.”
PartsCloud aims to simplify spare parts ordering through a digital, globally accessible platform. Its automated workflows reduce internal process costs by up to 79 per cent, while AI-driven planning lowers inventory costs by about one-third.
Serving over 25 clients across Europe and the US, primarily in mechanical engineering, the software integrates seamlessly with ERP systems via plug-and-play, centralising procurement and distribution.
PartsCloud digitally links users with third-party service providers to streamline operations. COO Fabian Gemmecke calls it “a worry-free package”. He adds, “There’s no need for dedicated logistics or planning departments, which smaller companies often can’t afford.”
Capital utilisation
PartsCloud will use the funds to enhance its AI planning software and expand into new markets, including Asia.
The software’s predictive inventory analysis reduces errors by 30 per cent compared to traditional methods, identifying demand early to prevent stock shortages and overstocking. Since its founding in 2021, the Baden-Württemberg-based company has raised a total of €7.5M.
Brief about Newion
Founded in 2000, Newion is an Amsterdam-based software investor focused on startups in Northwestern Europe. With its fourth fund of €120M, Newion invests as co-lead in seed and Series A rounds, helping entrepreneurs find product-market fit and scale.
Newion’s portfolio includes companies like Collibra, Deliverect, and Parloa. Newion 4 is supported by the European Union through the InvestEU Fund.
01
From employee advocacy to social selling: Oktopost founder Daniel Kushner on the future of B2B marketing