# SPARETECH

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

## Why it 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.

## Profile

- **Latest funding:** Series B — $20M (November 10, 2026)
- **Latest known valuation:** Undisclosed (November 10, 2026)
- **Total disclosed equity funding:** $20M
- **Stage:** series-b
- **Status:** private
- **Industries:** N/A
- **Coverage:** full
- **Last updated:** 2026-11-11
- **Latest funding investors:** Blume Equity, Insight Partners, Headline

## 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

- Series B · $20M · November 10, 2026
  Source: https://www.prnewswire.com/news-releases/sparetech-raises-20m-series-b-to-help-manufacturers-cut-industrial-spare-parts-inventory-by-60-302935084.html
- Series A · €10M · 2023
  Source: https://sparetech.io/en/about-us
- Seed · €5M · 2021
  Source: https://sparetech.io/en/about-us

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** November 11, 2026

**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.

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Source: https://venturecapitaltracker.com/startup/sparetech