Matchory Secures €6M in Seed-Extension Funding to Transform Global Procurement

Matchory, a Germany-based ProcureTech startup revolutionizing global supply chain transparency, has successfully closed a €6 million Seed-extension funding round. The round was led by Munich-based venture capital firm Capmont, with support from existing investors Earlybird-X and a group of industry-focused angel investors.

Founded in 2019 by Aiko Wiegand, Martin Konradi, and Nils Liskien, Matchory offers a cutting-edge, AI-powered procurement platform that centralizes supplier information and simplifies global sourcing processes. The platform has been adopted by major industry players, including DMG Mori, Tesa, Bosch, and Jungheinrich, and now boasts a comprehensive database of over 14 million supplier profiles covering 98% of manufacturers worldwide.

“We’re enabling companies to make efficient and sustainable decisions by providing unparalleled transparency in their supply chains,” said Aiko Wiegand, Co-founder and CEO of Matchory. “The rapid availability of supplier data is increasingly vital for companies aiming to optimize costs and achieve ESG compliance.”

Matchory’s proprietary AI technology and web scraping tools continually update and enhance its database, providing users with real-time insights. The company’s solutions enable businesses to reduce production costs by up to 50%, while also addressing the growing complexity of modern procurement, including factors such as risk management, quality standards, time-to-market, and supply chain relocation.

The fresh capital will be used to fuel Matchory’s international expansion and further develop its Software-as-a-Service (SaaS) platform. Planned enhancements include integrating additional data sources and introducing innovative new features to meet the evolving needs of global supply chains.

As geopolitical and environmental challenges continue to disrupt supply chains, Matchory’s digitized procurement solutions aim to create resilience and support strategic shifts such as nearshoring and supply chain diversification.

“Transparency and efficiency in the supply chain are now essential for businesses to thrive in today’s competitive environment,” added Wiegand. “This funding marks an important milestone in our journey to transform procurement and empower companies with the tools they need to succeed.”