Stuttgart, Germany— Synthavo has secured a €4 million seed investment co-led by Samaipata, the pan-European venture capital fund specializing in digital businesses with network effects, and Senovo, who back European B2B software founders with US ambitions. The funding round also included participation from active business angels such as Rainer Hundsdörfer, Tobias Rieker (MARKT-PILOT) and Oliver Bendig.
Synthavo’s AI-powered platform enables machine manufacturers to optimize spare parts sales, streamline the ordering process, and significantly reduce machine downtime. Synthavo's intuitive, automated solution allows anyone with a smartphone to identify and order spare parts in under two seconds, anytime and anywhere, fostering uninterrupted industrial operations and maximizing productivity for clients.
Sebastian Stöcklmeier, CEO of Synthavo: "Procurement and management of spare parts remain highly manual and time-consuming in manufacturing today. Our AI technology unlocks efficiency and growth potential for the machinery industry, enabling manufacturers to independently, quickly, and accurately order spare parts around the clock. This innovation strengthens customer loyalty, drives part sales, and boosts technician efficiency, marking a game-changing advancement for the industrial sector."
Synthavo has rapidly grown to 15 employees and counts industry leaders such as Schmitz Cargobull and ASMPT among its clients, underscoring its commitment to establishing itself as the premier global assistant for spare parts management.
The new funding will primarily support Synthavo's strategic hiring, bolstering its sales, engineering, and customer success teams to enhance operational capacity and service excellence. Leveraging this momentum, Synthavo is ready to accelerate its European expansion and lay the groundwork for entry into the U.S. market. As Synthavo continues to innovate, it aims to become the industry leader in spare parts service and management, driving productivity and resilience for manufacturers worldwide.
Luis Garay, Partner at Samaipata: “Our investment in Synthavo represents our confidence to revolutionise spare parts and after-sales service in the manufacturing industry. With a team that combines expertise in industrial manufacturing and software development, Synthavo is setting new standards through their AI-powered visual identification technology. This investment aligns with our strategy to back companies that drive efficiency and digitisation in traditional sectors. "
Mona Gindler, Partner at Senovo: “The Synthavo team has a very deep understanding of their customer segment and is highly respected within the industry. With their technical edge, we see significant potential to unlock untapped opportunities in spare parts management for machine manufacturers and look forward to being part of that journey.”
About Synthavo:
Synthavo is a leading AI-powered solution provider in the spare parts and after-sales service space, dedicated to revolutionizing the way machine manufacturers and their clients manage spare parts. With an intuitive and fully automated platform, Synthavo maximizes spare parts sales, enhances operational efficiency, and reduces machine downtime, supporting a seamless and efficient manufacturing experience.
About Samaipata:
Samaipata is a pan-European venture capital fund that invests in early-stage digital businesses with network effects.
Founded in 2016 by José del Barrio and Eduardo Díez-Hochleitner, the firm has a presence in Madrid, Paris, and London. To date, Samaipata has backed 40 European companies through two investment funds with over €150M in assets under management.
For more information visit: www.samaipata.vc
About Senovo:
Senovo is an early-stage venture capital firm based in Munich and Berlin that partners with exceptional founders building global B2B SaaS category-leaders from Europe. As European first-mover, the fund invests since 2013 into a new generation of B2B software startups which enable the digitalization of medium and large enterprises. Their focus is primarily on supporting teams working in the areas of process optimization, industry 4.0 and data-enabled solutions. Senovo joins the journey after a company has first revenues in a late Seed or Series A round.
Their team of SaaS specialists seek meaningful eye-level relationships and regularly publish their learnings and thought leadership at www.medium.com/senovovc.
For more information visit: www.senovo.vc