Munich's SPARETECH raises $20 million Series B to cut factories' spare-parts inventory with AI

Nov 10, 2026
Blume Equity and Insight Partners co-led SPARETECH's round; the company, which counts Nestlé as a customer, plans to grow in North America.

SPARETECH raised $20 million in Series B funding, the Munich company said on 10 November. Blume Equity and Insight Partners led the round, with participation from Headline.

It provides AI software that standardizes spare parts data, adjusts inventory across factories, and supports sourcing and surplus sales. Its catalog contains more than 40 million verified parts from 15,000 manufacturer and supplier partners.

SPARETECH will use the funding to develop its software, expand in North America and other regions, and increase work with existing customers. The company says its revenue has grown fivefold since the start of 2024, and that Nestlé put 320 plants in 70 countries live in less than a year. SPARETECH aims to cut customers' spare parts inventory by 60% within three years.

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