Synthavo funding news – Germany-based Synthavo has Raised €4 Million Seed Funding

The funding round also included participation from active business angels such as Rainer Hundsdörfer, Tobias Rieker (MARKT-PILOT)  and Oliver Bendig. 

Synthavo Offering

It’s AI-powered platform enables machine manufacturers to optimize spare parts sales, streamline the ordering process, and significantly reduce machine downtime.

It's intuitive, automated solution allows anyone with a smartphone to identify and order spare parts in under two seconds, anytime and anywhere, fostering uninterrupted industrial operations and maximizing productivity for clients.

Sebastian Stöcklmeier, CEO of Synthavo: "Procurement and management of spare parts remain highly manual and time-consuming in manufacturing today. Our AI technology unlocks efficiency and growth potential for the machinery industry, enabling manufacturers to independently, quickly, and accurately order spare parts around the clock. This innovation strengthens customer loyalty, drives part sales and boosts technician efficiency marking a game-changing advancement for the industrial sector."

It has rapidly grown to 15 employees and counts industry leaders such as Schmitz Cargobull and ASMPT among its clients, underscoring its commitment to establishing itself as the premier global assistant for spare parts management.

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The new funding will primarily support it's strategic hiring, bolstering its sales, engineering and customer success teams to enhance operational capacity and service excellence. Leveraging this momentum Synthavo is ready to accelerate its European expansion and lay the groundwork for entry into the U.S. market.

As it continues to innovate, it aims to become the industry leader in spare parts service and management, driving productivity and resilience for manufacturers worldwide.

Luis Garay, Partner at Samaipata: “Our investment in Synthavo represents our confidence to revolutionise spare parts and after-sales service in the manufacturing industry. With a team that combines expertise in industrial manufacturing and software development, Synthavo is setting new standards through their AI-powered visual identification technology. This investment aligns with our strategy to back companies that drive efficiency and digitisation in traditional sectors."

Mona Gindler, Partner at Senovo: “The Synthavo team has a very deep understanding of their customer segment and is highly respected within the industry. With their technical edge, we see significant potential to unlock untapped opportunities in spare parts management for machine manufacturers and look forward to being part of that journey.”

About Synthavo

Synthavo is a leading AI-powered solution provider in the spare parts and after-sales service space, dedicated to revolutionizing the way machine manufacturers and their clients manage spare parts. With an intuitive and fully automated platform, Synthavo maximizes spare parts sales, enhances operational efficiency and reduces machine downtime supporting a seamless and efficient manufacturing experience.