Startup profile for SPARETECH: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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SPARETECH funding, valuation and investors

Industrial spare-parts intelligence atop SAP and factory ERPs; raised a $20M Series B in November 2026.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series B

$20M · November 10, 2026

Latest known valuation

Undisclosed

Series B · November 10, 2026

Total disclosed equity funding

$20M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

series b · Stuttgart, Germany (also Munich and Chicago offices)

Investors in latest funding

Lead: Blume Equity , Insight Partners

Other: Headline

Sources: latest funding · prnewswire.com Last verified: 2026-11-11

Overview

Founded in 2019 by Martin Weber and Dr. Lukas Biedermann, SPARETECH serves manufacturing maintenance, procurement and master-data teams. The system enriches ERP spare-part records from a 40M+ reference catalog, identifies duplicate/obsolete stock, manages BOM material creation, models reorder levels and coordinates stock across sites.

Its site reports average 20% inventory reduction among customers who standardize parts; management's 60% goal is aspirational. Pricing and audited revenue remain undisclosed.

Why SPARETECH is interesting

SPARETECH's Nov 10, 2026 issuer announcement confirms a $20M Series B co-led by Blume Equity and Insight Partners with Headline participating. Its existing production software harmonizes industrial parts across plants, finds duplicates and surplus, and integrates with SAP. Critically, the headline's 60% inventory reduction is a future three-year goal, not a realized customer result.

Product & use cases

Illustrative MRO buyer workflow: connect SAP/IBM Maximo or other ERP/CMMS to existing material master without migrating it; standardize manufacturer part numbers against a 40M+ reference dataset; flag duplicates, obsolete components and identical spares across factories; set min/max and alternate sourcing based on actual usage/lead time; require procurement approval and sync validated material back into ERP; source spare parts across network or sell surplus, monitoring stock-out risk. Vendor-selected case studies are not independent controlled evaluations. Enterprise quote and integration costs undisclosed.

  • Maintenance planner checks whether the same bearing exists under different part numbers before ordering and risking unnecessary inventory.
  • Multi-plant procurement finds surplus spare parts at other locations, with ERP permissions and plant-specific stock constraints.
  • MRO master-data team validates new BOM requests using manufacturer data and controls SAP material creation.

Key facts

  • $20M Series B announced Nov 10 2026, co-led Blume Equity and Insight Partners; Headline participant.
  • 2021 €5M seed and 2023 €10M Series A are separate historical rounds from company's own timeline.
  • 2026 60% future inventory-reduction ambition ≠ documented realized outcomes; site claims 20% average among relevant existing customers.
  • Nestlé 320 plants across 70 countries reported by issuer as a selected customer deployment; 5x revenue growth since 2024 does not disclose absolute sales.

Funding history (newest first)

Series B

2026-11-10 $20M Valuation: Undisclosed
  • Blume Equity (lead)
  • Insight Partners (lead)
  • Headline (participant)

Source: Read source · prnewswire.com

Series A

2023 €10M Valuation: Undisclosed
  • Insight Partners (lead)

Source: Read source · sparetech.io

Seed

2021 €5M Valuation: Undisclosed

Source: Read source · sparetech.io

Competitive landscape

Compare proof-of-stock availability, historical material master normalization, SAP/CMMS integration cost, prevention of duplicate SKUs and proven stock-out rates. SPARETECH's 60% headline is its 2026–29 objective; do not present as a historical customer saving. Vendor reports 20% average inventory reduction for customers eliminating duplicates and obsolescence, which is selected company-sourced data, not independently audited.

  • Partium direct

    AI-powered spare-parts search and procurement for MRO buyers.

  • SparesFinder direct

    Spare-parts inventory data cleansing and optimization; compare duplicate resolution.

  • SAP EAM/PM incumbent

    ERP/CMMS system of record that SPARETECH overlays rather than replaces.

  • IBM Maximo incumbent

    Maintenance asset management with its own inventory workflows; SPARETECH integrates.

Market / IPO context

Editorial / static context — not a live quote.

FAQs about SPARETECH

Practical answers founders, operators, and investors typically search for.

No. Its November 10, 2026 announcement states a goal of cutting industrial spare-part inventory by 60% within three years; it does not establish that this was achieved.
A new $20M Series B in November 2026; the company also documents historical €5M seed (2021) and €10M Series A (2023). Those earlier rounds are not new November capital.
No. Its product is an intelligence and data governance layer across existing SAP and other ERP/CMMS records.
No universal published contract price was verified; enterprise integration and pricing require a quote.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.