Exclusive: Market Pilot raises 6.2 million euros

The start-up from the greater Stuttgart area aims to help mechanical engineering companies determine competitive prices and delivery times for spare parts. Now a new investor is getting on board.

The start-up Markt-Pilot has received seed funding of around 6.2 million euros. The money comes from the Cologne-based venture capital investor Capnamic. The company intends to use the new capital to expand its range of solutions and invest in scaling in the US market.

Tobias Rieker and Amin Oumhamdi only founded the platform in 2020 and have already expanded into the USA. The company opened its office in Chicago four months ago. The founders have developed a software-as-a-service solution for the mechanical engineering sector. In Germany alone, there are over 65 million different spare parts and more than 8,000 possible sources of supply in the mechanical engineering sector. The market pilot platform aims to make it possible to compare and analyze the multitude of offers. Users can view competitor prices, delivery times and the availability of spare parts on the platform.

"Thousands of spare parts are continuously needed worldwide and not a single one is compared with the market. Due to this lack of transparency, spare parts prices have always been calculated on the basis of a traditional surcharge logic," says founder Rieker. With the Marktpilot platform, the founders want to achieve a paradigm shift in the spare parts business.