WIPIT Advises Elevatry on €3 Million Pre-Seed Financing Round

WIPIT has advised AI startup Elevatry on its €3 million pre-seed financing round. The investors include Bayern Kapital, management consultancy H&Z Management Consulting, and a group of business angels.

Elevatry develops AI-powered companions for strategic procurement, one of the largest yet often underutilized drivers of corporate profitability. Its solutions, Category Strategist, Negotiation Coach, and Risk & Integrity Manager, automate knowledge-intensive tasks throughout the entire source-to-contract process, from demand analysis to contract execution, while decision-making authority remains with the procurement teams.

The platform officially launched on 28 September. The new funding will be used primarily to further develop the AI companions and support market expansion across the DACH region and the European Union.

The WIPIT advisory team was led by partner Benedikt Mahr and included associate Christian Deutscher (both Venture Capital, Munich) as well as salary partner Christine Knote (IP/IT, Berlin).

WIPIT would like to thank Heiko Schwarz, Christian Ruck, and Tizian Ruck for their trust and the excellent collaboration throughout the transaction process and wishes the entire Elevatry team continued success.

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