btov Partners acquires a stake in Procuros

Logtech wins the venture capitalist for its seed financing round. Several prominent business angels are also involved.

Logtech Procuros has successfully completed its seed financing round. This was announced by venture capitalist btov Partners in its blog. btov is leading the round. Several business angels are also on board, including Beate Fastrich, the former CEO of cosmetics company Estee Lauder, former MAN CEO Joachim Drees and the three founders of logtech unicorn Sennder.

Procuros was founded at the beginning of 2021 by Patrick Thelen and Benjamin Wulff. The company is working on a platform that aims to better connect supplier and customer systems. This would allow offers, orders and invoices to be processed more easily and digitally.

btov explained its own investment with the huge market potential, among other things. "The B2B communication market is huge, and the supplier side has remained largely untouched by the established companies," the company explained. "On the contrary, the recent wave of new supplier portals has actually exacerbated the existing pain point on the supplier side of having to work with dozens of procurement platforms simultaneously."