1.25 million euros for PARTORY
Marc Nemitz
| 01.10.2024
PARTORY will use the funds to expand its software offering and strengthen its competitiveness in European industry
Hradec Králové, 19 September 2024 - Czech startup PARTORY, which specializes in industrial B2B solutions, has received an investment of 1.25 million euros from the newly established Jet Ventures fund, part of the investment company Jet Investment. This investment follows previous successes for the company, which has already raised €3.4 million since its inception. Previous investors include Movens, Speedup, Borovicka Capital, Aidiom and Lighthouse Ventures.
Founding brothers
Founded by brothers Milan and Jakub Málek, who have over 25 years of experience in mechanical engineering, PARTORY focuses on the European industrial market - the largest engineering market in the world. As an external sales partner, PARTORY supports suppliers in expanding their market presence and remaining competitive. At the same time, the company optimizes procurement processes for buyers and simplifies the management of complex supply chains.
Expansion
The investment will enable PARTORY to further develop its software platform and expand into international markets. The plan is to hire native speakers in the target markets and integrate new local suppliers. Another focus is on the ESG compliance of companies and the optimization of AI-driven functions such as pricing, technology selection and procurement management.
Europe has the largest engineering market in the world, although China and the US are rapidly catching up. Our main task is to support and strengthen the backbone companies of the European industry.
Jakub Málek, Co-Founder and CTO
Jet Ventures
Jet Ventures prefers to invest in industrial start-ups from the Czech Republic, Slovakia, Poland, Austria and Germany. The focus is on projects that use advanced technological solutions to increase competitiveness in industrial manufacturing and supply chains. PARTORY benefits from Jet Ventures' almost 30 years of experience in transforming industrial companies. PARTORY was legally advised by the law firm NOVALIA, which provided comprehensive support throughout the entire investment process.
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