Czech startup PARTORY, which develops a software solution designed to help engineering and manufacturing companies digitize their supply chains, has raised €1.25 million, as Vestbee was told. The investment came from Jet Ventures.
- PARTORY was founded by Milan and Jakub Málek in 2018 as Kooperace.cz, a catalog of available engineering capacities. Now, describing itself as "a digital factory for the European industrial sector," the startup develops solutions to manage complex supply chains for engineering components. Its software aims to help procurement teams streamline their processes and free up time for more strategic tasks.
"For suppliers, we serve as an external sales partner, expanding their market reach and enhancing their competitiveness, while for buyers, we act as a purchasing partner, streamlining procurement processes and simplifying the management of complex supply chains," Milan Málek, co-founder & CEO, explains.
- In 2022, PARTORY expanded its operations by offering manufacturing solutions in engineering across Europe. To date, its client base includes industry leaders such as Wanzl, Trumpf, Bobcat, and Dražice.
- Since the startup's inception, it has raised €3.4 million. Its investors include Movens Capital, Presto Ventures, SpeedUp Venture Capital, Borovicka Capital, Aidiom, Lighthouse Ventures, and Depo Ventures.
- The current funding was provided by Jet Ventures, a newly established €50 million fund of the Czech investment company Jet Investment. The firm focuses on supporting startups within the industrial B2B sector in the Czechia, Germany, Austria, Slovakia, and Poland. Its initial ticket size is up to €2 million.
- The investment will allow PARTORY to further develop its software platform, including enhancements to AI-driven pricing, technology selection, and procurement management. The startup will also continue expanding into international markets and hire local talent there.
