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§ Private Profile · Zurich, Switzerland
Strategic sourcing SaaS platform for procurement teams, enabling AI-native eSourcing, eAuction, and scenario optimization for bids.
Based in Zürich, Switzerland, Archlet develops a cloud-based strategic sourcing and procurement optimization platform that enables enterprise teams to analyze supplier bids and automate complex purchasing scenarios. The software-as-a-service company operates with approximately 35 employees and generates an estimated $7.4 million in annual revenue by helping corporate buyers evaluate non-price factors like sustainability and supply chain risk. To date, the enterprise platform has optimized over $20 billion in corporate expenditures and secured $12.8 million in total venture capital funding, which includes a $10 million Series A round. Archlet provides its bid analytics and scenario planning software to major multinational customers such as Walmart, PepsiCo, and FedEx, while receiving financial backing from lead investors including HV Capital and Redalpine. The ETH Zürich spin-off was founded in 2019 by Lukas Wawrla, Jakob Manz, and Tim Grunow.
Archlet has raised $13.0M across 2 funding rounds.
Archlet has raised $13.0M in total across 2 funding rounds.
Archlet is an AI-native eSourcing and bid‑analytics platform that helps procurement teams run RFIs, RFPs, RFQs and eAuctions while using optimization and machine learning to accelerate decision‑making and increase savings for large enterprises and mid‑market customers [5][3].
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick final tie‑back: Archlet began as an ETH Zürich data‑science project and has positioned itself as an AI‑native alternative to legacy sourcing systems — its combination of usability, optimization and enterprise traction makes it a notable player in the modernization of procurement [5][3][1].
Archlet has raised $13.0M in total across 2 funding rounds.
Archlet's investors include HV Capital, Earlybird Venture Capital, Christian Hülsewig, Julius Köhler, Matti Niebelschuetz, Robert Wuttke, Verena Pausder, Matthias Hilpert, La Famiglia, Senovo, Mona Müller, David Nothacker.
Archlet has raised $13.0M across 2 funding rounds. Most recently, it raised $10.0M Series A in September 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2021 | $10M Series A | HV Capital | Earlybird Venture Capital, Christian Hülsewig, Julius Köhler, Matti Niebelschuetz, Robert Wuttke, Verena Pausder, Matthias Hilpert, LA Famiglia, Senovo | Announced |
| Jan 1, 2021 | $3M Seed | LA Famiglia, Mona Müller | David Nothacker, Flavio Pfaffhauser, Julius K"ohler, Karin Hagen Gierer, Nicolaus Schefenacker | Announced |