SPARETECH raises $20M in Series B funding to help manufacturers reduce spare parts inventory by 60%. Led by Blume Equity and Insight Partners, the funding will support growth and geographic expansion.
Amount Raised
$20 Million
Round Type
Series B
MunichManufacturingAutomotiveInvestors
Description
SPARETECH has raised $20 million in Series B funding to assist manufacturers in reducing their spare parts inventory without risking downtime. This round was co-led by Blume Equity and Insight Partners, with participation from Headline. The funds will be used for geographic expansion and to enhance their enterprise AI solutions. SPARETECH has seen significant growth, increasing its revenue fivefold since 2024.
Quick answer
SPARETECH raised $20 Million in a Series B round, dated November 10, 2026. Investors: Headline, Insight Partners and Blume Equity. SPARETECH is based in Munich, Bavaria, Germany.
- How much did SPARETECH raise?
- SPARETECH raised $20 Million in a Series B round on November 10, 2026.
- Who invested in SPARETECH?
- Headline, Insight Partners and Blume Equity are named as investors in this round.
- What does SPARETECH do?
- SPARETECH provides enterprise AI solutions for spare parts management, aiming to reduce manufacturers' spare parts inventory by 60% while maintaining production uptime.
- Where is SPARETECH based and how big is it?
- SPARETECH is based in Munich, Bavaria, Germany.
Source: Fundz verified event record.
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