Matchory, an Ulm, Germany-based ProcureTech startup, has raised €6 million in seed extension round.
Investors
The round was ed by Munich-based VC firm Capmont, with participation from existing investors Earlybird-X and angel investors from the industry and procurement sectors.
Capmont is a venture capital firm specializing in B2B technology startups across Europe and the US, focusing on late-seed to Series B-stage companies.
Matchory Use of Funds
The company will use the new funding to fuel its international growth and expand its supplier database. The company plans to enhance its SaaS solution, integrate additional data sources, and introduce new features to reduce procurement costs and improve supply chain decision-making.
About Matchory
Founded in 2019 by Aiko Wiegand, Martin Konradi, and Nils Liskien, Matchory has developed an AI-driven procurement platform that centralizes supplier data for strategic procurement. The company aims to bring transparency to global supply chains and offers strategic procurement and automated supplier search. Its cloud-based software is trusted by companies like DMG Mori, Tesa, Bosch, and Jungheinrich.
Funding Details
Company: Matchory GmbH
Raised: €6.0M
Round: SeedExtension
Funding Date: January 2025
Lead Investor: Capmont
Additional Investors: Earlybird-X
Company Website: https://www.matchory.com/
Software Category: AI Procurement
Source: https://www.eu-startups.com/2025/01/procuretech-startup-matchory-announces-e6-million-financing-round/