Czech Digital Factory Partory Secures €1.25M for Global Expansion
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Loading... - Johannes Gray
- 14 Oct 2024
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PARTORY, a Czech digital factory specializing in the European industrial sector, has successfully secured a €1.25 million investment from Jet Investment's new fund. This funding is earmarked for the development of PARTORY's software platform and its ambitious expansion into international markets. The investment marks a significant milestone for the company, which has already raised €3.4 million since its inception.
Founded by brothers Milan and Jakub Málek, PARTORY is a family business with over 25 years of experience in mechanical engineering. The company has carved out a niche in the European industrial sector, the largest engineering market globally. PARTORY's innovative approach focuses on serving as an external sales partner for suppliers, enhancing their market reach and competitiveness. For buyers, the company acts as a purchasing partner, streamlining procurement processes and simplifying the management of complex supply chains.
The recent investment from Jet Ventures, a fund dedicated to supporting industrial startups in Central Europe, will enable PARTORY to further develop its software platform. The company plans to expand its operations by hiring native speakers in target countries, onboarding new local suppliers, and transforming them into ESG-compliant businesses. This strategic move aims to bolster PARTORY's presence in foreign markets and enhance its service offerings.
PARTORY is set to enhance its AI-driven pricing, technology selection, and procurement management capabilities. These advancements are expected to improve the efficiency of the entire supply chain, providing significant value to both suppliers and buyers. By leveraging cutting-edge technology, PARTORY aims to modernize and strengthen the European industrial sector.
Co-founder and CTO Jakub Málek expressed enthusiasm about the collaboration with Jet Ventures, highlighting their nearly 30 years of experience in transforming industrial companies. The partnership is seen as a tremendous opportunity for PARTORY to contribute to the modernization and growth of the European economy. With Europe hosting approximately 1 million companies with teams of 10-15 people, PARTORY's goal is to support and strengthen the backbone of the European industry.
PARTORY's client roster includes industry leaders such as Wanzl, Trumpf, Bobcat, and Dražice, underscoring the company's credibility and impact in the market. By continuing to innovate and expand, PARTORY is poised to play a pivotal role in enhancing the competitiveness of the European industrial sector.
In conclusion, the €1.25 million investment from Jet Ventures represents a significant step forward for PARTORY, enabling the company to expand its global footprint and further develop its technological solutions. With a strong focus on supporting the European industrial sector, PARTORY is well-positioned to drive growth and innovation in the industry.
