Munich's Elevatry Raises €3 Million to Automate Procurement with AI
The Munich-based procurement startup closed a pre-Seed round led by backers including Bayern Kapital and consultancy H&Z, aiming to grow across Europe before entering North America.
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AfroEuropa desk
Elevatry, a Munich-based company building an AI platform for strategic procurement, has raised €3 million in a pre-Seed funding round, according to EU-Startups.
The startup said it will use the capital to improve its platform, grow its team, and begin selling in European markets, with plans to later move into North America.
Investors in the round include Bayern Kapital, the management consultancy H&Z, and a group of business angels: Jan Henner-Theißen, Martin Berr-Sorokin, Mike Simon, Markus Ehrle, Andreas Junck, and Alexander Bruehl.
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