Next47, along with Atomico and Lakestar, has invested $60 million in Scoutbee to enhance procurement efficiency through AI-driven solutions.

Information on the Target

Scoutbee is a German startup founded in 2015 by Fabian Heinrich, Gregor Stühler, and Lee Galbraith. The company specializes in transforming the procurement process for large organizations by leveraging Artificial Intelligence (AI) and Big Data. With its innovative product suite, Scoutbee enables companies such as Airbus, Audi, and Bosch to swiftly identify and engage suppliers, dramatically enhancing visibility and reducing sourcing times, which often traditionally rely on manual methods.

The founders of Scoutbee possess significant expertise in procurement, understanding the challenges faced by global corporate procurement departments. Their platform not only streamlines the supplier sourcing process but also aims to bring much-needed clarity to what is often a convoluted supply chain management landscape.

Industry Overview in Germany

Germany's supply chain management (SCM) sector is one of the most advanced in the world, supported by a robust manufacturing industry and high export levels. As companies increasingly prioritize efficiency and cost-effectiveness in thei