Sparetech raised funding from Headline.

Sparetech, a Stuttgart, Germany-based software company operating an availability platform for industrial spare parts, announced closing a seed funding round of €5 million ($5.9M).

The money was raised from investors led by Headline, and joined by local German angel investors including Christian Miele on behalf of Headline, Carsten Thoma, Christian Gaiser, Josef Brunner, Gisbert Rühl, Stefan Groß-Selbeck, Christoph Keese (CEO Axel Springer hy) and Christian Reber.

Sparetech, founded in 2018 by CEO Martin Weber and Lukas Biedermann, developed a software solution that allows large-scale manufacturers to strengthen their supply chains by finding the right part when needed, automatically processing inventory, and avoid disruption related shortages. Customers include Germany's automotive companies Porsche and Volkswagen, aerospace provider Airbus, consumer goods manufacturer WEPA Hygiene Products and aluminum processor Speira.