April 16, 2024: Berlin-based ProcureTech startup, akirolabs, has successfully raised USD 5M in its recent seed funding round, attracting investments from notable venture capital firms including HTGF, OTB Ventures, and D11Z. Ventures. Additionally, angel investments from industry veterans such as Fredrick Spalcke, Heiko Schwarz, Markus Ehrle, and Detlef Schultz further bolstered the funding.

The company also announced the appointment of Jens Rassloff as Chairman of the Advisory Board, bringing extensive experience in tech industry growth and investment strategies to the table.

akirolabs' innovative approach to strategic procurement has garnered recognition from leading analysts, earning accolades such as Gartner's "Cool Vendor" and IDC Innovator 2023, among others.

Recognizing the shifting landscape of procurement towards strategic value creation, akirolabs aims to address capability gaps by offering an AI-powered strategic procurement SaaS solution. This solution empowers enterprises to unlock significant value beyond traditional cost savings, enhancing supply chain resilience, sustainability, and agility.

Michael Pleuger, CEO of akirolabs, emphasizes the importance of advanced strategic procurement software in today's economic climate, highlighting the solution's ability to drive tangible improvements in total cost and competitiveness.

Industry experts echo the sentiment, acknowledging akirolabs' potential to revolutionize procurement decision-making and set new standards in strategic procurement management.

Investors such as HTGF and OTB Ventures express confidence in akirolabs' trajectory, foreseeing its emergence as an international category leader in strategic procurement. With the support of its investors and industry recognition, akirolabs is poised to redefine strategic procurement practices and deliver significant value to its customers.