PartsCloud funding news – Baden-Württemberg-based PartsCloud Secures €5 Million in Seed Funding

Benjamin Reichenecker, Founder and CEO of PartsCloud said, “Most companies still rely on Excel spreadsheets for spare parts planning. What has been missing so far is a data-driven solution that enables proactive planning, As an industrial engineer, he speaks from experience, having worked in the management of a mid-sized mechanical engineering company for six years. For small and medium-sized companies, managing spare parts without digital support has been extremely labor-intensive.”

Spare parts logistics is a big challenge. According to PartsCloud, about 80% of spare parts stored in factory warehouses are never used and end up being thrown away. In German mechanical engineering, companies still rely on "gut feeling" and old systems for ordering, which leads to stock shortages or too much inventory.

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It wants to solve this problem by offering tools that predict and optimize stock levels. Their platform is already used by over 25 companies in Europe and the USA. By using AI to plan, PartsCloud helps reduce inventory costs by about 30%, and its automated workflows cut internal process costs by up to 79%.

Christian Meisen, Head of the Global Service Center at WEINIG Group said, “Working with PartsCloud has significantly improved our efficiency and accuracy in spare parts management. Thanks to PartsOS Inventory, we’ve reduced manual planning efforts by over 85 percent and significantly enhanced spare parts availability,”.

Investors believe it has strong market potential. Leopold Lindner, a VC investor at Newion, explained that with economic pressure and a shortage of skilled workers, spare parts management has become crucial for machinery manufacturers.

Many companies still struggle with outdated systems and inefficient processes. PartsCloud, with its experienced team, provides the tools needed for better spare parts management, helping small and medium-sized businesses stay competitive and meet global demand quickly and accurately.

Funding Utilisation

With the new funding, it plans to improve its AI-powered inventory planning software, which already has 30% fewer errors compared to traditional methods. The company will also use the funds to expand into new markets, including Asia. So far, PartsCloud has raised a total of €7.5 million.

PartsCloud’s software is easy to integrate into existing business systems. It connects smoothly with ERP systems, helping to centralize procurement and distribution. The platform also links companies with logistics partners, customs agencies, and transport services, automating important tasks and reducing administrative work.

COO Fabian Gemmecke calls it “a worry-free package.” Moreover, the software is user-friendly. “There’s no need for dedicated logistics or planning departments, which smaller companies often can’t afford.”

PartsCloud is making a name for itself as an innovator in the mechanical engineering industry by fixing inefficiencies in spare parts management. The company helps businesses improve their supply chains and save costs.

About PartsCloud

Founded in 2021 by Benjamin Reichenecker and Fabian Gemmecke, PartsCloud offers a fully digital solution that automates tasks like inventory forecasting, customs processing, and logistics management.

PartsCloud aims to make spare parts ordering easier with a digital platform that can be used worldwide. Its automated workflows cut internal process costs by up to 79%, and AI-powered planning reduces inventory costs by about 30%.