PartsCloud, a B2B tech startup based in Germany, has secured €5M in seed funding to enhance spare parts management for machinery manufacturers. Founded by Benjamin Reichenecker and Fabian Gemmecke, the company offers a digital platform to streamline planning and logistics, addressing issues caused by outdated processes. Approximately 80% of spare parts in warehouses go unused due to inefficient planning. PartsCloud's software intends to reduce reliance on Excel spreadsheets and significantly lower costs related to inventory and internal processes, catering primarily to small and medium-sized enterprises across Europe and the US.
In a market under economic pressure and facing a skilled labor shortage, spare parts management has become a critical revenue factor for machinery manufacturers.
However, outdated systems and inefficient processes are holding many companies back. PartsCloud offers essential tools for efficient spare parts management.
Most companies still rely on Excel spreadsheets for spare parts planning. What has been missing so far is a data-driven solution that enables proactive planning.
PartsCloud aims to simplify spare parts ordering through a digital, globally accessible platform, reducing internal process costs by up to 79%.
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