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.
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.
People of Tacto
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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 |
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.
| 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 |
Investments & Acquisitions by Tacto
Financial Statements - Tacto
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.
| 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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Frequently Asked Questions about Tacto
Tacto was founded in 2020.
Tacto is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Andre Petry is the current CEO of Tacto. They have also founded this company.
Tacto is a funded company, having raised a total of $59.66M across 3 funding rounds to date.
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.
Tacto offers Tacto Software, Compliance Tools, and Cost Optimization Features.
Tacto has 9 investors. Key investors include Sequoia Capital, Index Ventures, Visionaries Club, Cherry Ventures, and UVC Partners.