MARKT-PILOT, an Esslingen, Germany-based market-oriented spare parts pricing company, raised $43M in Series A funding.
The round was led by Insight Partners with participation from existing investor Capnamic.
The company intends to use the funds to further expand its business in Europe and the US.
Led by Alex Morbe, CEO, MARKT-PILOT enables market-oriented spare parts pricing through automated market price research. The company provides PRICERADAR, a global SaaS solution for market-based that automatically researches prices and delivery times of spare parts and thus shows customers their competitive position and sales potential. After its launch, the company released its second product, PRICEGUIDE, in 2023 – a solution that provides optimized and validated price recommendations for customers’ spare parts portfolio.
MARKT-PILOT was founded in 2020 and currently employs over 130 people. More than 100 customers are already working with the software solutions.
The company has three additional locations in Chicago, Milan and Stockholm.
FinSMEs
24/04/2024