Pivot, a France-based startup that optimizes procurement management with intuitive interfaces and AI-based automation, raised €5 million in pre-seed funding.

SaaS Investors

The fundraised was from venture capital firms (Visionaries, Emblem, Cocoa, Anamcara, Financière Saint James) as well as successful entrepreneurs and investors such as Loic Soubeyrand (founder of Swile), Steve Anavi (co-founder of Qonto), Hanno Renner (co-founder of Personio), Oliver Samwer (co-founder of Rocket Internet).

About Pivot

Founded in 2023, Pivot is a full-service spend control software designed for procurement teams. For finance, legal, compliance, and security teams, Pivot offers automation that dramatically reduces manual work and endless email threads. Its mission is to simplify procurement and magnify results.

Funding Details

Company: Pivot

Raised: €5.0M

Round: Series A

Funding Month: October 2023

Investors: Visionaries, Emblem, Cocoa, Anamcara, Financière Saint James, Loic Soubeyrand, Steve Anavi, Hanno Renner, and Oliver Samwer

Company Website: https://www.pivotapp.ai/ 

Software Category: Procurement Software

Source: https://tech.eu/2023/10/02/pivot-secures-pre-seed-5mfor-procurement-management/