Cherry Ventures, UVC Partners, and Visionaries Club are leading Tacto's financing round. Business angels Hanno Renner (founder Personio), Johannes Reck (founder of Getyourguide), Michael Wax (founder of Forto) and Torsten Reil (founder Helsing) support the round.
The Munich-based company's AI-based software solution provides companies with an overview of their procurement activities. It also highlights potential savings and risks and automates manual tasks in sourcing and supplier management. The company aims to help its customers future-proof their procurement and thus their supply chain. André Petry, co-founder of Tacto, says:
“We are working with the backbone of the German economy, the SME sector, to jointly transform industrial purchasing in a digital, intelligent, and sustainable way.”
“With all its hidden champions, Germany is the perfect location” for Tacto
"We are convinced that Tacto can become a market leader for purchasing software for medium-sized companies. With directly realizable cost savings in purchasing and more resilient supply chains in the long term, the use of Tacto is worthwhile from day one,"
says Christian Meermann, Founding Partner at Cherry Ventures.
"The Tacto team combines a strong technical background with a deep understanding of medium-sized manufacturing companies to work on one of the most pressing problems of our time: managing global industrial supply chains. With all its hidden champions, Germany is the perfect location to build the leading software solution in industrial purchasing."
