Germany-based contractor services procurement marketplace Scoutbee closed a $60m series B round on Monday featuring Next47, a corporate venturing vehicle for industrial equipment and appliance producer Siemens.
The round was led by venture capital firm Atomico, with participation from its peers Lakestar, Toba Capital, 42Cap and Holtzbrinck Ventures.
Founded in 2015, Scoutbee runs an artificial intelligence-equipped software platform for enterprise clients to source pricing quotes for procurement services offered by a range of third-party suppliers.
The company’s clients include automotive brand Audi, aerospace technology producer Airbus and industrial technology and appliance producer Robert Bosch.
The series B funding will help scale its operations, increasing its 120-strong headcount to 220 as the company targets customer growth, strategic acquisitions and research and development.
Scoutbee attracted $12m in a June 2019 series A round backed by Holtzbrinck Ventures, 42Cap and Toba Capital, according to media reports, the year after a $4m seed round backed by the same investors.