See the pitch deck Matchory, a global-supplier database, used to raise a $1.6 million seed round
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- Matchory is a German startup that offers a global-supplier database.
- It automates the procurement process by using an AI-powered SaaS platform.
- Insider has a copy of the pitch deck it used to raise 1.6 million euros from Earlybird.
This is an edited, translated version of an article that originally appeared on August 18, 2022.
Matchory is a German startup that aims to make strategic-supplier sourcing easier for companies and help them react quickly to unexpected events that may affect their supply chains. It does this by automating the procurement process with its AI-powered Software as a Service, or SaaS, platform.
According to the company’s website, Matchory’s database includes more than 10 million suppliers. The platform provides customers with real-time information on suppliers as well as AI-supported evaluations and analyses, helping customers react faster and make better decisions — without having to manually search through lists of suppliers.
The company said it expects to cut customers’ production costs by 35% and the time to market by 50 to 85%. According to the startup, more than 1,000 companies are already using the service, including international corporations such as DMG Mori, a tool manufacturer, and Bosch, an engineering company.
The company recently raised a 1.6 million euro, which is around $1.6 million, seed round. It was led by Earlybird’s UNI-X fund, with further funding coming from angel investors.
Insider has a copy of the pitch deck that Matchory used to raise the funds. Some sensitive data has been redacted by the company.