Elevatry Raises €3 Mn Pre-Seed Funding to Expand AI Procurement Platform

The company will use the new funding to improve its platform and add more features to help businesses manage procurement more effectively.

The investment will also support team expansion and help Elevatry enter more European markets. After building its presence in Europe, the company plans to expand into North America.

The funding round included investments from Bayern Kapital, management consultancy H&Z, and several business angels. These include Jan Henner-Theißen, Martin Berr-Sorokin, Mike Simon, Markus Ehrle, Andreas Junck, and Alexander Bruehl.

“Strategic purchasing is one of the biggest drivers of results in a company. So far, it’s only being used where there’s sufficient capacity and the necessary expertise,” says Heiko Schwarz, co-founder and CEO of Elevatry. “Our partners handle complex thinking and execute tasks at the highest level. This allows purchasing teams to apply the methodology of their best category managers to every product group. Our investors bring together capital, exclusive purchasing expertise, and market access. From now on, we’ll demonstrate the impact on our customers.”

“At the same time, the company operates in an attractive, rapidly growing market for AI-powered procurement software. We look forward to supporting the team on its continued growth trajectory together with a strong consortium of business angels,” adds Monika Steger, Managing Director, Bayern Kapital.

Founded in 2026 by Heiko Schwarz, Christian Ruck, and Tizian Ruck, Elevatry is based near Munich, Germany. The company has developed an AI platform that helps businesses manage their procurement and purchasing activities more effectively.

The platform includes AI tools such as a Category Strategist, Negotiation Coach, and Risk & Integrity Manager. These tools handle routine analysis throughout the sourcing and contracting process, helping businesses make better purchasing decisions with industry-specific knowledge and expertise in different product categories.

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