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Scoutbee raises $60m to expedite supplier discovery with AI

Germany based supplier discovery platform raised $60m in Series B funding led by Atomico.

“Using databases and online searches in a vacuum, procurement professionals commonly don’t know what proportion of suppliers they have visibility over, nor the suppliers’ level of quality or experience,” said Atomica partner Hiro Tamura, who plans to join the company’s board of directors. “[With Scoutbee,] organizations can gain access to a far greater proportion of suppliers and then streamline them into a strategic RFP process, all within the platform.”

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trade finance, europe