Sento.io extends pre-seed funding to £1.7 million
German supply chain automation platform Sento.io has announced that its pre-seed financing round led by Picus Capital was recently extended to €2 million.
The decisive factor for the extension was the great interest shown by well-known entrepreneurs from the EU and US. The list of new investors includes founders of three European “Decacorns” (Celonis, Checkout.com, Zalando), three other “Unicorns” (Flatiron Health, Forto, GoCardless), as well as Tom Stafford (MD of DST Global, private investment).
Sento.io offers software solutions for a fully automated, digital exchange of business-critical documents such as purchase orders, delivery notes, and invoices. The start-up company, which was launched in January 2021, was founded by Felix Krauth, Lucian Riediger, and Nimar Blume.
“Many people are surprised when we describe to what extent global supply chains are still dependent on fax, email, or outdated system integration technologies. Our vision is to create a global infrastructure to lead B2B data exchange into the 21st century – 100% cloud and API-based,” explains Co-Founder and CEO Felix Krauth.
The capital will primarily be used for the further development of the product and the expansion of the team. In addition to the already implemented connection of food retailers and suppliers, the solution is to be extended by further use cases and thus be used in supply chains of the entire “Fast Moving Consumer Goods” segment.
“From day 1, we were very impressed by the great vision and clarity of the team’s product strategy. Within a very short time, Felix, Lucian, and Nimar created a Plug & Play Platform that can already connect a large part of the German food industry via API,” says Oliver Heinrich, Partner at Picus Capital.