PARTORY funding news – Czechia-based PARTORY Secures €1 Million Funding
Oct 1, 2024 | By Startup Rise EU
The Hradec Kralove-based start-up PARTORY, specialising in industrial B2B solutions, PARTORY has secured a €1 million from the newly established Jet Ventures fund, part of the investment company Jet Investment. This investment follows the company's prior successes, having raised €3.4 million since its inception.
SUMMARY
- The Hradec Kralove-based start-up PARTORY, specialising in industrial B2B solutions, PARTORY has secured a €1 million from the newly established Jet Ventures fund, part of the investment company Jet Investment.
- PARTORY is a Czech tech-engineering startup based on the founders' extensive history in mechanical engineering.
In the December funding round, PARTORY secured investment from Movens (PL), Speedup (PL), Borovicka Capital (CZ), Aidiom (NO), and long-term partner Lighthouse Ventures (CZ), with Lighthouse Ventures supporting the company for the third time.
It is a family business founded by brothers Milan and Jakub Málek, who have over 25 years of experience in mechanical engineering. The company's uniqueness lies in its focus on the European industrial sector, the largest engineering market in the world.
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Co-founder & CEO Milan Málek said, “For suppliers, we serve as an external sales partner, expanding their market reach and enhancing their competitiveness, while for buyers, we act as a purchasing partner, streamlining procurement processes and simplifying the management of complex supply chains,”.
The new Jet Ventures fund focuses on supporting industrial start-ups in the Czech Republic, Slovakia, Poland, Austria, and Germany. The fund aims to invest in projects that bring cutting-edge technological solutions to enhance competitiveness in industrial manufacturing and supply chains.
The investment will enable PARTORY to develop its software platform further and expand into foreign markets. The company plans to hire native speakers in target countries, onboard new local suppliers, and transform them into ESG-compliant businesses.
Simultaneously, PARTORY will enhance its AI-driven pricing, technology selection, and procurement management, improving the efficiency of the entire supply chain. Jakub Císař from the law firm NOVALIA provided comprehensive legal support to PARTORY throughout the investment process, ensuring seamless transactions with international implications.
Co-founder & CTO Jakub Málek adds: “We are very pleased to collaborate with Jet Ventures, who have nearly 30 years of experience transforming industrial companies. Their support for young industrial innovators, whose breakthrough technologies contribute to the modernisation and growth of the European economy, is a tremendous opportunity for us. Europe has the largest engineering market in the world, although China and the U.S. are rapidly catching up. There are approximately 1 million companies in Europe with teams of 10-15 people, and our main goal is to support and strengthen the backbone of the European industry.”
About PARTORY
PARTORY is a Czech tech-engineering startup based on the founders' extensive history in mechanical engineering. The company focuses on helping engineering and manufacturing firms enhance procurement efficiency and digitise their supply chains.
In 2018, the Málek brothers launched Kooperace.cz, a catalogue of available engineering capacities. As customer demands grew for comprehensive solutions—including samples, packaging, and quality control—Factoree.online was born. Today, the company operates under the name PARTORY, offering complete manufacturing solutions across Europe’s engineering industry.