SPARETECH

Enterprise MRO software

SPARETECH logo
101-200 employees
  • B2B
  • Manufacturing
  • Supply Chain
  • SaaS
  • Product Management
  • Procurement
Rathaus, Stuttgart, Germany

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Company mission

To transform industrial spare parts data into an efficient, reliable, and collaborative experience.

Our take

SPARETECH is a data platform for industrial spare parts with plans to revolutionise manufacturing operations. The company addresses the challenges manufacturing companies face worldwide by helping to maintain efficient supply chains and minimise downtime costs.

Through its platform, SPARETECH allows manufacturing companies to digitise their spare parts inventories, analyse real demand, compare offerings from various suppliers, and optimise sourcing within their product networks. Utilising machine learning and verified spare parts data intelligence, SPARETECH's technology transforms raw data into actionable insights, helping clients increase machine uptime and reduce costs.

Securing investment funding in mid-2023, the company is now focused on international expansion. With a track record of impressive results, SPARETECH's future prospects appear promising as it continues to drive efficiency and sustainability in the manufacturing sector while forging partnerships across the industry.

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Kirsty

Company Specialist at Welcome to the Jungle

Funding (2 rounds)

Jun 2023

$11.5m

SERIES A

Jul 2021

$5m

SEED

Total funding: $16.5m

This company has top investors

Leadership

Martin Weber

(Co-Founder & CEO)

Graduated from the Karlsruhe Institute of Technology with an MS in Economic and Social Sciences. Previously worked as an eCommerce Manager at CHRONEXT and as a Senior Consultant at Porsche Consulting Group.

Dr. Lukas Biedermann

(Co-Founder & CCO)

Graduated from the University of Bremen with a Ph.D. in Economics and Social Sciences. Previously worked at Porsche Consulting Group as a Manager and at Siemens Management Consulting as a Business Strategy Consultant.