About Tacto
Tacto is a company based in Munchen (Germany) founded in 2020 by Nico Bentenrieder, Johannes Groll, and Andre Petry.. Tacto has raised $59.66 million across 3 funding rounds from investors including Sequoia Capital, Index Ventures and Visionaries Club. Tacto offers products and services including Tacto Software, Compliance Tools, and Cost Optimization Features. Tacto operates in a competitive market with competitors including BirchStreet Systems, Concertiv, Omnea, VendorPanel and BuyerQuest, among others.
- Headquarter Munchen, Germany
- Founders Nico Bentenrieder, Johannes Groll, Andre Petry
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Tacto Technology Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$59.66 M (USD)
in 3 rounds
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Latest Funding Round
$53.81 M (USD), Series A
Dec 12, 2023
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Investors
Sequoia Capital
& 8 more
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Employee Count
Employee Count
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Products & Services of Tacto
Tacto offers a comprehensive portfolio of products and services, including Tacto Software, Compliance Tools, and Cost Optimization Features. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for automating supplier processes and compliance checks.
Tools for managing compliance requirements like CBAM and LkSG.
Features using AI to identify and realize cost-saving potentials.
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Funding Insights of Tacto
Tacto has successfully raised a total of $59.66M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $53.81 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $53.8M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - Tacto | Valuation | Sequoia Capital , Index Ventures | |
| Mar, 2022 | Amount | Seed - Tacto | Valuation | Cherry Ventures , UVC Partners | |
| Sep, 2020 | Amount | Seed - Tacto | Valuation | UVC Partners , Visionaries Club |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tacto
Tacto has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Sequoia Capital, Index Ventures and Visionaries Club. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Visionaries Club is engaged in venture capital investments for B2B tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tacto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tacto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tacto Comparisons
Competitors of Tacto
Tacto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BirchStreet Systems, Concertiv, Omnea, VendorPanel and BuyerQuest, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based procure-to-pay solutions are delivered for business management.
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| domain | founded_year | HQ Location |
Web-enabled end-to-end procurement management solutions are provided.
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| domain | founded_year | HQ Location |
Web-enabled solutions for procurement orchestration in supply chains are offered.
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| domain | founded_year | HQ Location |
SaaS-based source-to-contract platform is provided for governments, utilities, and corporates.
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| domain | founded_year | HQ Location |
Procure-to-pay software is provided for e-procurement and spend management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tacto
Frequently Asked Questions about Tacto
When was Tacto founded?
Tacto was founded in 2020.
Where is Tacto located?
Tacto is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Who is the current CEO of Tacto?
Andre Petry is the current CEO of Tacto. They have also founded this company.
Is Tacto a funded company?
Tacto is a funded company, having raised a total of $59.66M across 3 funding rounds to date.
What does Tacto do?
Tacto was founded in 2020 in Munich, Germany, and operates in the industrial supply chain sector. A cloud-based procurement software is provided by the company to connect organizations with suppliers. Procurement processes are streamlined to ensure compliance and optimal material sourcing. The supplier landscape is navigated for industrial SMEs, while supplier management is simplified through the platform.
Who are the top competitors of Tacto?
What products or services does Tacto offer?
Tacto offers Tacto Software, Compliance Tools, and Cost Optimization Features.
Who are Tacto's investors?
Tacto has 9 investors. Key investors include Sequoia Capital, Index Ventures, Visionaries Club, Cherry Ventures, and UVC Partners.
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