akirolabs, a Berlin-based ProcureTech start-up, has closed a seed funding round totalling $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).

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

GRUENDELPARTNER advised akirolabs on all legal aspects 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 exit processes.