Tacto raised €5.3 million seed in a round led by Cherry Ventures

tacto, a Munich, Germany-based software startup, announced that it completed a seed investment round closed at €5.3 million ($5.8 million.

The money was raised frm investors led by Cherry Ventures and joined by Munich-based UVC Partners (Unternehmertum Venture Capital Partners), Berlin-based Visionaries Club and angel investors Hanno Renner, Johannes Reck, Torsten Reil and Michael Wax.

tacto, founded in early 2020 by André Petry, Nico Bentenrieder and Johannes Groll, works for the development of an automation engine SAAS that can be used for strategic procurement. The tool customers a transparent overview of their procurement activities, algorithmically highlights risk and savings potential, and automates transactional workflows in sourcing and supplier management.

tacto previously raised a seed investment round in 2020