February 28, 2020

Wingman Ventures invests in Archlet's pre-seed round

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Archlet closes pre-seed financing round with Wingman Ventures to boost automation in procurement

We recently received pre-seed funding from the Zurich-based venture capital fund Wingman Ventures. We will use the funding to further develop our cloud-based sourcing platform and to scale-up our customer base.

“With Archlet, we back a highly innovative solution that aims to make strategic sourcing an effortless process. We see that large procurement platform providers are lacking advanced analytics and intelligent automation capabilities, leaving space for more targeted best-in-class solutions”, says Lukas Weder from Wingman Ventures, who is joining us in the Board of Directors.

“Many organizations count on procurement to deliver sustainable savings. In parallel, strategic supplier initiatives in areas as innovation and sustainability gain more importance, without procurement teams getting bigger. This is where Archlet comes in to support procurement by automating sourcing processes and by providing powerful insights and sourcing recommendations for negotiations. This will boost savings across all spend categories and create headroom for new strategic initiatives and additional levers in the value chain”, says Karin Hagen-Gierer, who led procurement teams at Sanofi and Unilever for many years and also joined us as an investor and advisor.

We are super happy to have all these amazing people on board 🚀


Pioneering thoughts on data-driven sourcing