MARKT-PILOT, an Esslingen, Germany-based company that provides a SaaS solution for optimized, dynamic pricing, has raised $43 million in Series A financing.
Investors
The round was led by Insight Partners and with participation from Capnamic.
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startups and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2023, the firm has over $80 billion in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area.
Vice President Jessie Sheff from Insight Partners will join the board.
MARKT-PILOT Use of Funds
The company will use the funding to fuel its expansion in Europe and the US.
About MARKT-PILOT
Founded in 2022 by Tobias Rieker and Amin Oumhamdi, MARKT-PILOT offers PRICERADAR, a SaaS solution for spare parts pricing, and PRICEGUIDE, for optimized price recommendations. Machine manufacturers benefit from previously untapped potential in the spare parts business, increasing their sales and improving customer satisfaction. More than 100 customers are already working with the software solutions. The company is headquartered in Esslingen, Germany, and currently has three additional locations in Chicago, Milan, and Stockholm.
Funding Details
Company: MARKT-PILOT GmbH
Raised: $43.0M
Round: Series A
Funding Month: April 2024
Lead Investors: Insight Partners
Additional Investors: Capnamic
Company Website: https://www.markt-pilot.com/
Software Category: Manufacturing Pricing
Source: https://www.prnewswire.com/news-releases/markt-pilot-strengthens-international-market-position-with-43-million-series-a-led-by-insight-partners-302125236.html