Tacto

Tacto is a German-based startup with the slogan "We build future-proof supply chains." Founded in 2020, Tacto focuses on revolutionizing procurement through its cloud-based software. The company serves industrial organizations, providing a central hub that streamlines procurement processes, ensures compliant supply chains, and enables efficient material sourcing at optimal conditions. With a strong emphasis on AI, Enterprise Software, Industrial, SaaS, and Machine Learning, Tacto aims to address the challenges faced by industrial companies, as procurement accounts for 50 to 80% of their entire value creation. The most recent milestone for Tacto was a significant €50.00M Series A investment on 11 December 2023. The investment was led by an impressive lineup of investors, including Cherry Ventures, UVC Partners, Visionaries Club, Index Ventures, and Sequoia Capital. Tacto's value proposition lies in empowering industrial organizations, particularly manufacturers in the 'German Mittelstand', to move away from outdated procurement methods such as email and spreadsheets. The intelligent platform offered by Tacto provides a seamless and transparent experience, simplifying all aspects of supplier management in a digital, efficient, and sustainable manner.