Procuros to raise €1 million in capital funding from btov Partners and angel investors from Germany.

Procuros, a Hamburg, Germany-based SAAS developer of a digital networking hub connecting industrial suppliers and their trading partners, announced that it raised €1 million ($1.2M) in capital funding.

The money was raised from investors led by btov and joined by angel investors.

Procuros, founded in 2020 by Patrick Thelen and Benjamin Wulff, is a software company developing a sales platform connecting industrial suppliers with their customers. Specifically, Procuros connects the ERP systems of the suppliers with the systems of their trading partners, with a target group of medium-sized suppliers in the mechanical engineering industry and the food retail sector.