Bayern Kapital, H&Z, and several business angels are leading the 3 million euro financing round that Munich-based AI startup Elevatry has now closed.
Instead of merely automating operational procurement processes, Elevatry’s agentic AI platform is designed to handle complex analysis and strategy tasks. These include developing category strategies, assessing supplier risks, and preparing negotiations. Final decisions remain with the procurement teams.
This area can have a significant financial impact on companies. According to a model calculation by Elevatry, even a ten percent saving on an annual procurement volume of 500 million euros could improve earnings by 50 million euros. However, whether and to what extent such potential can be realized depends on the respective procurement structures.
AI companions support procurement strategies and supplier negotiations
Elevatry’s platform has been available since September 28, 2026. At its core are specialized AI agents, known as companions, that handle various tasks in strategic procurement.
These include the Category Strategist for developing commodity group strategies, the Negotiation Coach for preparing negotiations, and the Risk & Integrity Manager for assessing supplier risks.
The software is designed to support the entire source-to-contract process. This ranges from needs analysis, tendering, and supplier selection to cost analysis, contract preparation, and performance tracking.
Elevatry describes its approach as a “System of Initiative.” Unlike traditional systems used to document procurement processes, the platform is intended to autonomously identify opportunities for action, prioritize measures, and prepare recommendations for decisions.
Technically, the solution is based on an open multi-LLM architecture. According to the company, customers can decide for themselves which tasks the AI executes autonomously, which approvals are required, and how their data is handled. The resulting company-specific knowledge is intended to belong exclusively to each respective customer.
“Strategic procurement is one of the biggest profit levers in a company. So far, it has only been pulled where capacity allows and the relevant knowledge is available,”
says Heiko Schwarz, Co-Founder and CEO of Elevatry. He adds:
“Our companions handle complex cognitive tasks and execute assignments at the highest level. This allows procurement teams to apply the methodology of their best category managers to every product group. Our investors bring together capital, exclusive procurement expertise, and market access. From now on, we are demonstrating our impact directly with clients.”
Bayern Kapital and H&Z Invest in Procurement AI
Elevatry describes the financing as the largest German pre-seed round in the software sector in 2026. For Bayern Kapital, the combination of AI technology and procurement expertise is of particular importance.
“Elevatry combines a highly experienced founding team with a clear vision for the future of strategic procurement,”
said Monika Steger, Managing Director of Bayern Kapital.
According to its own statements, H&Z has supported the company since its founding and intends to contribute its industry expertise and customer access alongside the investment. This provides Elevatry not only with financial resources, but also with support in accessing potential corporate clients.
Three Million Euros for AI Development and Expansion
The fresh capital is primarily intended to fund the further development of the platform and the expansion of the AI companions. In addition, Elevatry plans to make further hires in engineering, artificial intelligence, marketing, and customer care.
Geographically, the startup is initially focusing on Germany, Austria, and Switzerland, as well as other European markets. In the medium term, internationalization with a focus on North America is planned.
