Tech Company Financing Transactions
Tacto Funding Round
On 12/12/2023, Tacto raised $54 million in financing from Index Ventures, Sequoia Capital and Cherry Ventures.
Transaction Overview
Company Name
Announced On
12/12/2023
Transaction Type
Venture Equity
Amount
$53,950,000
Round
Undisclosed
Investors
Index Ventures (Lead Investor) (Carlos Cadenas)
Sequoia Capital (Lead Investor) (Luciana Lixandru)
Proceeds Purpose
The funding will be used to speed up product development and invest significantly in AI to help customers automate all supplier and compliance workflows, create savings through optimising material costs, and reduce emissions via sustainable procurement.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
Atelierstraße 29
Munich, 81671
Germany
Munich, 81671
Germany
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Developer of a procurement engine designed to help businesses with autonomous procurement. The company's engine offers a modern solution to focus on strategic efforts instead of transactional activities, enabling clients to unlock value and drive competitive advantage through autonomous procurement.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
André Petry
Chief Technical Officer
Nico Bentenrieder
Co-Founder
Johannes Groll
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