btov Partners acquires a stake in Procuros

Lars-Thorben Niggehoff Lars-Thorben Niggehoff | 10.09.2021

Logtech wins venture capitalist for its seed funding round. Some prominent business angels are also on board.

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

Procuros was founded in early 2021 by Patrick Thelen and Benjamin Wulff. The company is working on a platform to better link supplier and customer systems. This would allow offers, orders and invoices to be processed more easily and digitally.

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


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Related companies

Procuros
Startup 2021 Hamburg
Procuros
Digital integration of supplier portals for the processing of offer, order and invoice documents.
sennder
Startup 2015 Berlin
sennder
Freight forwarder offering shippers access to a connected and decentralized fleet.

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