Sparetech offers a data platform that automates spare parts management by connecting original manufacturers' information with customers' material master databases and existing software stacks. Its intelligent matching algorithms identify data inconsistencies, duplicates, and obsolete materials, then enrich, harmonize, and surface alternative supply options. The platform integrates with enterprise stacks often including vendors like SAP to create a global system of record for spare parts. Sparetech says its service has been used by more than 120 global manufacturing companies, including Bosch, Nestlé, Porsche, Yanfeng, and Airbus Helicopters. The company intends to use new funding to scale internationally. Founded in 2018 by Martin Weber and Dr. Lukas Biedermann, Sparetech is based in Stuttgart, Germany.

Total raised

$10M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2023