SPARETECH Raises $20M Series B

SPARETECH, a Munich-based provider of enterprise AI for spare parts management, has raised $20 million in Series B funding. The company, which specializes in software solutions to help manufacturers optimize industrial spare parts inventory, intends to use the new capital to scale its operations and enhance its artificial intelligence capabilities.

Investors

This round was co-led by Blume Equity, a European growth equity firm, and Insight Partners, a global software investor. Additional participation was provided by Headline.

SPARETECH Use of Funds

SPARETECH will use the funding to continue building the AI that secures spare part availability for industrial companies and to put their surplus parts back into circulation. The capital will also support the expansion of its presence in North America and new regions, as well as deepening work with existing customers.

About SPARETECH

Founded by Dr. Lukas Biedermann and Martin Weber, SPARETECH provides enterprise AI software that empowers global manufacturers to reduce spare parts spend and inventory. By leveraging verified original manufacturer data, the platform standardizes material master data and enables sourcing and surplus resale across a wide network of partners.

Funding Details

Company Website: https://sparetech.io

Company: SPARETECH
Raised: $20M
Round: Series B
Funding Date: November 10, 2026
Lead Investor: Blume Equity, Insight Partners
Additional Investors: Headline
Company Website: sparetech.io
Software Category: Enterprise AI
Source: https://www.prnewswire.com/news-releases/sparetech-raises-20m-series-b-to-help-manufacturers-cut-industrial-spare-parts-inventory-by-60-302935084.html