Munich-based Elevatry, an AI platform for strategic procurement, has raised €3 million in a pre-Seed funding round. The company helps businesses improve their purchasing processes using artificial intelligence.
The new funding will help Elevatry improve its platform, grow its team, and prepare to enter more European markets. The company plans to expand into North America after establishing its presence in Europe.
The round was backed by Bayern Kapital, management consultancy H&Z, and several business angels. The angel investors include Jan Henner-Theißen, Martin Berr-Sorokin, Mike Simon, Markus Ehrle, Andreas Junck, and Alexander Bruehl.
“Strategic purchasing is one of the biggest drivers of results in a company. So far, it’s only being used where there’s sufficient capacity and the necessary expertise,” says Heiko Schwarz, co-founder and CEO of Elevatry. “Our partners handle complex thinking and execute tasks at the highest level. This allows purchasing teams to apply the methodology of their best category managers to every product group. Our investors bring together capital, exclusive purchasing expertise, and market access. From now on, we’ll demonstrate the impact on our customers.”
“Elevatry combines a highly experienced founding team with a clear vision for the future of strategic procurement. The AI-native platform addresses a significant efficiency and value creation lever within companies, generating immediately tangible customer benefits through the intelligent use of procurement knowledge and data.
“At the same time, the company operates in an attractive, rapidly growing market for AI-powered procurement software. We look forward to supporting the team on its continued growth trajectory together with a strong consortium of business angels,” adds Monika Steger, Managing Director, Bayern Kapital.
Founded in 2026 by Heiko Schwarz, Christian Ruck, and Tizian Ruck, Elevatry is headquartered near Munich, Germany. The company has developed an AI platform that helps businesses improve their strategic procurement processes, from sourcing suppliers to managing contracts.
The platform uses AI assistants, including a Category Strategist, Negotiation Coach, and Risk & Integrity Manager, to handle routine analytical tasks. These tools provide specialised knowledge of different industries and product categories, helping procurement teams make better purchasing decisions.
Elevatry’s platform can plan tasks, identify priorities based on their potential financial impact, and suggest actions for procurement teams. People remain involved in making final decisions. Businesses can also set their preferred levels of AI independence, approval processes, and data control. The platform supports multiple large language models (LLMs), giving companies more flexibility in how they use AI.
“We have been supporting Elevatry with great conviction since its founding. Agentic AI will fundamentally change procurement by intelligently automating repetitive knowledge work and effectively supporting decision-making processes,” say Harald Enz and Jonas Harm, Managing Partners of H&Z.
“Elevatry creates a unique combination of leading AI technology and deep procurement domain knowledge. For us, it’s clear: Our clients expect us not only to observe innovation, but to actively shape it and translate it into concrete added value. That’s why we are investing in Elevatry and will closely support the company as a strategic partner on its growth trajectory.”
Elevatry will use the new funding to improve its platform, develop more AI assistants, and support its entry into the market. The company also plans to expand its team, particularly in engineering, AI, marketing, and customer support.
