Berlin-based procuretech startup akirolabs has raised $5 million in a seed funding round co-led by OTB Ventures, together with High-Tech Gründerfonds (HTGF) and D11Z.Ventures.
- Founded in 2021 by Michael Pleuger, Detlef Schultz, Christoph Flöthmann, and Tim Ergenzinger, akirolabs develops an AI-powered SaaS platform that enables enterprises worldwide to augment strategic procurement processes. Vodafone, Pan American Energy, Bertelsmann, UCB Pharma already use the startup’s solution.
- The current round was co-led by Polish deeptech fund OTB Ventures, German venture firms HTGF and D11Z.Ventures, with participation from business angels., including Detlef Schultz, former CEO of the Vodafone Procurement Company.
“With the advent of LLMs, there is an opportunity to transform the strategic aspects of procurement decision-making. Founding teams that combine a deep domain expertise with technical prowess will thrive in this environment. akirolabs fits the bill, and we are excited to support them,” Mateusz Lukasik, Investment Director at OTB Ventures, commented on the deal.
- The proceeds will help akirolabs to further develops SaaS product and enhance its AI capabilities, as well as scale customer growth and business operations.
