paretos closes Series A for 8.5 million euros

With the fresh capital, paretos plans to further expand its AI platform and help companies make complex decisions more efficiently and increase their profitability.

Munich, October 28, 2024 - Heidelberg-based decision intelligence startup paretos has successfully secured 8.5 million euros in a Series A financing round. The financing round is led by Acton Capital, which is known for its investments in companies such as Etsy, Cyberport and HomeToGo. Existing investors UVC Partners and LEA Partners are also participating in this round.

Investors and strategic support

The financing round is complemented by renowned funds and angel investors. Supporters include Niklas Jansen from Blinkist, Christian Reber, known for Wunderlist and Pitch, and former Vodafone CEO Hannes Ametsreiter. This combination of experienced investors and strategic partners will help paretos to achieve its growth targets.

Our platform usually delivers an ROI of over 100% in the first year and generates business impact in the millions. With the support of our investors, we want to further expand our technological lead

Thorsten Heilig, Co-Founder and CEO of paretos

With the fresh capital, founders Thorsten Heilig and Fabian Rang plan to further accelerate the company's growth.

Overcoming challenges

In an economic environment where many companies in Germany and Europe are under pressure, paretos offers solutions to overcome pressing challenges - from changing customer requirements and complex supply chains to cost and efficiency pressures.

The global market for decision intelligence is expected to grow by 25% annually until 2030 and quadruple to 50 billion euros (source: MarketsandMarkets). Decision intelligence involves the use of artificial intelligence to support, optimize or even automate complex decisions based on data. This technology is seen as similarly relevant to generative AI, as it enables forecasts and derives recommendations for action.

International pioneering role in sight

"With its patented and highly innovative technology and strong application focus, paretos has the best chance of taking on a pioneering role internationally," says Andreas Unseld, General Partner at UVC Partners. Nils Seele, Partner at LEA Partners, adds: "Now that AI has been conceptualized, it's time for the transformation. Anyone looking for ROIs in AI applications will find them at paretos."

Established customer base

The international market research institute Gartner has singled out paretos as one of nine representative European decision intelligence providers (out of 30 worldwide). The AI-based platform from paretos is already supporting market leaders such as HelloFresh, the Otto Group, Faller Packaging, ARMEDANGELS and EDEKA with decision-making in business-critical processes.