SPARETECH raised US$20 million in a Series B funding round. The Munich-based company makes enterprise AI for spare parts management. Blume Equity and Insight Partners co-led the round, with participation from Headline.
Growth metrics
Revenue has grown fivefold since the start of 2024. The company's catalog now spans more than 40 million verified parts. It also works with 15,000 manufacturer and supplier partners.
Customer proof
The company has established itself in the United States. A Nestlé rollout placed 320 plants across 70 countries live in less than a year. SPARETECH's 2026 benchmark report puts the average spare parts inventory at US$169 million per company.
Availability focus
SPARETECH is moving beyond data visibility toward securing physical part availability. Its AI gives maintenance professionals confidence that the right part will be available when needed, even if it sits on another company's shelf. The company aims to cut spare parts inventory by 60% within three years while keeping the same uptime.
The fresh capital will fund continued AI development. SPARETECH plans to expand its presence in North America and new regions. It also intends to deepen work with existing customers.