Lhotse is a Berlin-based SaaS platform that automates and simplifies procurement for medium to large companies using automation and AI. The platform consolidates procurement information into a central position, facilitates buyer-seller communication, reviews past suppliers and orders, suggests alternative suppliers, and can automatically solicit competing offers. It targets tactical procurement, which the article notes can account for as much as 20% of total expenditure, with use cases ranging from safety gloves and office furniture to complex IT services. Customers cited include Funke Mediengruppe and Gorillas, indicating traction with large publishers and on-demand grocery delivery. Founded in 2020, Lhotse plans to use the new funding to drive further product development and expand its team. The company raised €5 million in seed funding.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2021