Tacto
Assembly Line
Tacto secures €50m to tackle disruptions and bureaucracy in industrial supply chains
Tacto’s €50 million investment led by Index and Sequoia will be used to speed up product development and invest significantly in AI. Going forward, Tacto says it aims to expand its active community by building on its strong customer base and equipping Europe’s industrial ‘Mittelstand’ with technology to meet today’s supply chain challenges while preparing for tomorrow.
Tacto is providing a solution to procurement through its central supply chain operating system that manages supplier relations for mid-sized industrial organizations. The AI-based software streamlines all procurement workflows, effortlessly ensuring compliant and sustainable supply chains, along with enabling efficient material sourcing.
Tacto raises €5.3m to build sustainable supply chains
Munich-based software company Tacto raised € 5.3m to transform industrial procurement. The financing was led by venture capital firm Cherry Ventures together with UVC Partners, Visionaries Club, and Personio’s Hanno Renner, GetYourGuide’s Johannes Reck, Forto’s Michael Wax, and Helsing’s Torsten Reil.
“With Tacto, we are significantly advancing the digitalisation of our procurement: thanks to the software, which can be operated by all employees, we are moving away from Excel-based processes towards a completely digitalised procurement. A few months after the implementation, we were already able to record strong savings potentials,” says Matthias Schlotter, Procurement Manager at Schwäbische Werkzeugmaschinen.