German startup Paretos, which provides AI-driven decision intelligence solutions to help companies optimize complex operations and make data-driven decisions without needing in-house data science expertise, has secured €8.5 million in a Series A round. Acton Capital led the funding.
- Founded in 2020 by Thorsten Heilig and Fabian Rang, Paretos develops AI-driven Decision Intelligence solutions that help companies make faster, smarter decisions.
- Paretos makes advanced data-driven decision-making accessible to companies without in-house data science teams. Rather than relying on manual Excel analysis, businesses can use Paretos' forecasting and optimization technology to manage processes efficiently and meet modern economic demands.
- The startup claims that businesses using its solutions gain significant benefits, such as €3.5 million in savings on transportation and logistics, a 40% improvement in demand forecasting accuracy, and a tenfold increase in planning productivity.
"Our platform typically delivers an ROI of over 100% in the first year and generates business impact worth millions. With the support of our investors, we aim to expand our technological lead," co-founder and CEO of Paretos, Thorsten Heilig, commented.
- Wika, Goldgas, Bonprix, Otto Group, Accenture, and HelloFresh are among clients of Paretos.
Details of the deal
- The round was led by Munich-based VC Acton Capital. The firm has supported over 100 startups, including global leaders like AlphaSights, Clio, HomeToGo, and Mambu.
"Especially in the current tense economic climate, this is the game-changer for real-world AI application, We look forward to accompanying the team in the next phase and jointly shaping the future of the market," claims Fritz Oidtmann, Managing Partner at Acton Capital.
- The Series A round also saw support from UVC Partners, LEA Group, and renowned funds and angels, including Interface Capital, led by Niklas Jansen, Christian Reber, and Hannes Ametsreiter.
- Paretos will use the funds to accelerate growth, enhance its AI platform, and address urgent decision-making and operational efficiency challenges.
