GRUENDELPARTNER advises akirolabs on USD 5 million seed financing round

akirolabs, a Berlin-based ProcureTech startup, has closed a seed financing round totalling USD 5 million.

Investors in the seed round included High-Tech Gründerfonds, OTB Ventures, D11Z. Ventures and Serpentine Ventures from Switzerland as well as business angels such as Fredrick Spalcke (ex-CPO of Phillips and Huawei), Heiko Schwarz (CEO of riskmethods), Markus Ehrle (VP and General Manager EMEA at ServiceNow) and Detlef Schultz (former CEO of Vodafone Procurement Company).

akirolabs was founded in 2021 and develops an AI-powered SaaS platform for collaborative strategic sourcing. akirolabs is based on a best-in-class and field-proven strategic sourcing process, methodology and toolkit, embedded in an intuitive, cross-functional collaboration workflow and enriched with all relevant internal and external information.

GRUENDELPARTNER provided comprehensive legal advice to akirolabs as part of the financing round. GRUENDELPARTNER's Venture Capital practice group is one of the most experienced and well-staffed advisory units in Central Germany for equity financing and supports investors, start-ups and business angels in all financing phases and in exit processes.