SPARETECH Raises $20M to Cut Manufacturer Inventory by 60%

MUNICH, Nov. 10, 2026 /CourierPR/ -- SPARETECH, a provider of enterprise AI for spare parts management, has raised $20 million in Series B funding to help manufacturers cut their spare parts inventory by 60% within three years. The company aims to secure the same uptime while reducing inventory levels, addressing a persistent inefficiency in manufacturing.

Founded in the United States, SPARETECH has seen its revenue grow fivefold since the start of 2024. Over the same period, the company has expanded its spare parts catalog to more than 40 million verified parts and has grown its network to 15,000 manufacturer and supplier partners. A notable customer, Nestlé, has successfully implemented SPARETECH's solutions across 320 plants in 70 countries, further validating the company's global capabilities and speed.

Spare parts management has long been one of manufacturing's most persistent inefficiencies. A single stockout can halt production and idle an entire line, making plants default to holding extensive spare parts inventories as a safeguard. The result is a substantial amount of capital sitting on the shelf. SPARETECH's 2026 benchmark report puts the average value of spare parts inventory at $169 million per company.

The funding will be used to continue building the AI that secures spare part availability for industrial companies, expand SPARETECH's presence in North America and new regions, and deepen its work with existing customers.

SPARETECH's vision is to move toward a zero-waste industrial sharing economy, where idle parts are put back into circulation. The company is trusted by manufacturers such as Nestlé, Porsche, VW, Bosch, and Sanofi. With the support of investors like Blume Equity and Insight Partners, SPARETECH is well-positioned to achieve its ambitious goals and transform the spare parts management landscape.

The global rollout of Nestlé, a SPARETECH customer, put 320 plants across 70 countries live in less than a year, further affirming SPARETECH's global enterprise capabilities and speed. The company has already helped customers gain visibility into the parts they hold and standardize their spare parts data, which is the foundation of effective spare parts management. Meaningfully reducing inventory levels, however, requires more than good data. It requires physical action.

SPARETECH's AI will secure that availability, ensuring that the right part is available when needed, even if it sits on another company's shelf. The company's goal is to cut spare parts inventory by 60% in the next three years, while securing the same uptime. The digital world is moving into the physical one, and Germany has the industrial substance to lead that shift. SPARETECH is building industrial AI for spare parts management, and it already gives maintenance and procurement teams confidence in uncertain times.

The next stage of SPARETECH's growth runs through North America. American manufacturers operate large plant networks with a lot of capital tied up in spare parts, and they need a partner built for that scale. Insight Partners has spent decades helping software companies grow in the United States, and they are excited to support Martin, Lukas, and the team as they scale.

The digital transformation of the manufacturing industry is accelerating, and SPARETECH is at the forefront of this change. With the support of its investors and the growing demand for efficient spare parts management, the company is poised to make a significant impact on the industry.