Founded by ETH Zürich alumni Jakob Manz, Lukas Wawrla and Tim Grunow, Archlet is a SaaS company offering cloud-based sourcing solutions to large enterprise clients and SMEs. Powered by advanced analytics and data science, Archlet scans through all available supplier offers, quickly identifies the optimal sourcing strategy and proactively supports buyers with data-backed negotiations. As reported by the startup, its customers have managed to save 3-15% and optimised more than CHF 2 billion in spend.
The startup has now joined the portfolio of Wingman Ventures following the receipt of pre-seed funds. Lukas Weder from Wingman Ventures, who will be joining the board of the startup explains the firm's decision to invest: “With Archlet, we back a highly innovative solution that aims to make strategic sourcing an effortless process. We see that large procurement platform providers lack advanced analytics and intelligent automation capabilities, leaving space for more targeted best-in-class solutions.”
In addition to the new investment, Archlet has recently strengthened its team with Flavio Pfaffhauser, the founder of Beekeeper and Karin Hagen-Gierer, who was previously Chief Procurement Officer at Sanofi, as investors and strategic advisors.
“Many organisations count on procurement to deliver sustainable savings. In parallel, strategic supplier initiatives in areas as innovation and sustainability gain more importance, without procurement teams getting bigger. This is where Archlet comes in. Its solution will boost savings across all spend categories and create headroom for new strategic initiatives and additional levers in the value chain”, says Karin Hagen-Gierer, who led procurement teams at Sanofi and Unilever for many years.
(Press release/ran)Photo (from left to right): Lukas Wawrla, Jakob Manz, Tim Grunow