Tacto receives 5.3 million euros

The company wants to use the money to digitize purchasing and supply chains in the industrial SME sector.

The Munich-based start-up Tacto has raised 5.3 million euros in a seed financing round. Investors Cherry Ventures, UVC Partners and Visionaries Club are leading the round. Business angels Hanno Renner from Personio, Johannes Reck from Getyourguide, Michael Wax from Forto and Torsten Reil from Helsing are now also involved.

The company intends to use the money to further digitalize procurement and supply chains in the industrial SME sector. "We are working together with the backbone of the German economy, the SME sector, to transform industrial procurement digitally, intelligently and sustainably," says André Petry, co-founder of Tacto.

Tacto is developing an automated software solution for procurement in SMEs. The AI-based software is designed to give customers an overview of their procurement activities. The program identifies potential risks and savings and aims to automate processes in purchasing and supplier management. This should allow employees to focus on the essentials and eliminate the need for an expensive IT department.