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Switzerland-based Archlet raises €8.6M to help companies to make better sourcing decisions; here’s how

Zurich-based Archlet, a B2B SaaS application platform that empowers company buyers to make informed decisions in strategic sourcing, announced that it has secured $10M (approx €8.62M) in its Series A round of funding.

The fundraise comes early for Archlet, as it raised its $2.8M Seed round in January 2021. The additional capital will allow Archlet to further boost product development and to expand into new markets.

The round was led by HV Capital. Existing investors Wingman Ventures, Senovo, and La Famiglia also participated in this round. Business Angel Matthias Hilpert completed the round and said he will continue to support Archlet on its journey.

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HV Capital invests $10M in Archlet’s Series A

Archlet has successfully closed a $10M Series A funding round that will fuel and accelerate our growth journey even further. This round would not have been possible without the incredible team at HV Capital and the support and sparring from our existing investors. Additionally, we look forward to welcoming our new business angel, Matthias Hilpert, who will assist with strategic advice and action planning.

While the pace at Archlet is higher than ever before, we have taken a moment to reflect on our crazy journey. Since we founded Archlet two years ago, we have been on an incredibly satisfying and humbling adventure with many ups and downs, and, as a team, we have learned something valuable from every one of them. In 2021, our customer base has grown like never before, our dreams, goals, and visions have followed. It is this entrepreneurial spirit that makes the A-Team so exceptional, and we are very proud to be part of this crew.

Every day, the team works hard to get us closer to our vision of seamlessly connecting buyers and suppliers in the global supply chains. And every day, our user experience becomes better and even more intuitive. We are already well on the way, but with our additional funding, we are another step closer to offering a powerful end-to-end sourcing experience that can be used by any buyer in any organization.

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Connecting Foods Takes First Prize at EIT Digital Challenge 2021

EIT Digital, the European digital innovation and entrepreneurial education organisation, has announced the winners of its EIT Digital Challenge scaleup contest 2021.

This year’s 20 finalists were chosen from a record number of 409 scaleups from 33 countries who applied in this 8th edition of the EIT Digital’s flagship contest for digital deep tech companies. The companies applied in one of five strategic innovation areas: Digital Tech, Digital Industry, Digital Cities, Digital Finance and Digital Wellbeing.

The first prize was bagged by the French foodtech and blockchain platform, Connecting Food. The other two winners of the competition are Italy-based Cubbit and Germany-based NECT GmbH.

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SAP Startup Spotlight: GrainChain

SAP invests in a lot of promising startups, and it’s sometimes hard to keep track of all of them. E-3 Magazine has selected the most interesting companies to showcase in our SAP Startup Spotlight Series. In this article, we will take a look at GrainChain.

Luis Macias, CEO of GrainChain, is an innovator and entrepreneur that has nearly 20 years of experience designing, inventing, and implementing technological solutions in the government, agriculture and insurance sectors. Since 2013, when he founded and implemented SiloSys and developed GrainChain’s transaction platform using smart contracts, he has been focused on viable agricultural solutions. In this interview, he explains his vision for GrainChain, how it is connected to SAP, and what’s next for the startup.

E-3 Magazine: What does GrainChain offer?

Luis Macias: GrainChain has developed a platform that is leveling the playing field for producers, buyers, storage operators, lenders, and all other participants on the global agricultural supply chain.

How does your solution work?

Macias: Our solution combines blockchain and IoT-driven technology to verify and auto-execute smart contracts, creating fully automated and digitized workflows at every stage. The GrainChain platform provides a central, single point of truth that brings all participants on the supply chain together with transparency, efficiency, and reliability of data.

Why do customers use your solution?

Macias: GrainChain has worked with customers using limited to no digital technologies all the way up to global conglomerates with the latest technology. Our products are customized based on our client’s requirements and their existing tools, which can be easily integrated with our platform. Our clients use these solutions to gain business efficiencies, reduce operating costs, reduce business risks, and to become more attractive to lenders. Customers also use our solution to meet traceability and transparency requirements for all participants along the supply chain.

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SAP Startup Spotlight: Clarifruit | e3zine – E-3 Magazine International

SAP invests in a lot of promising startups, and it’s sometimes hard to keep track of all of them. E-3 Magazine has selected the most interesting companies to showcase in our SAP Startup Spotlight Series. In this article, we will take a look at Clarifruit.

Elad Mardix is the CEO and co-founder of Clarifruit. Previously, he had a distinguished career working for J.P. Morgan in both New York and Hong Kong, where he ran J.P. Morgan’s Asia Technology investment banking franchise. As a senior tech banker, Mardix had the privilege of partnering with some of the world’s most brilliant tech entrepreneurs, taking innovative companies public, advising on transformational M&A transactions, and helping those entrepreneurs realize their dreams. In this interview, he talks about what Clarifruit does and what’s next for the startup.

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SAP.iO Foundry Paris Accelerates Agribusiness Startups in New Program

SAP launched an agribusiness-focused virtual startup accelerator program at SAP.iO Foundry Paris. The eight international startups have been selected by a jury of SAP experts, partners, customers and investment funds to join the program.

As France is one of the largest agricultural powers in the world, SAP.iO Foundry Paris was a natural location for the first accelerator program from SAP.iO entirely dedicated to this industry. The selected startups specialize in procurement, supply chain, production monitoring platforms and decision support tools.

“Digital technology and collaboration are key enablers to feed the rapidly growing world population in a sustainable way,” said Anja Strothkaemper, SAP vice president of Agribusiness and Commodity Management. “Working together with startups, we can combine our innovation power and serve the evolving needs of our agribusiness customers.”

The program addresses three key industry challenges:

  • Integrating data, artificial intelligence, analytics and decision-making into agribusiness
  • Combining compliance and traceability throughout production and processing
  • Ensuring agriculture is more responsible and environmentally sensitive

Over the next 10 weeks, the startups will have access to curated mentorship from SAP executives, exposure to SAP technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers around the world.

The following startups are participating in the SAP.iO Foundry Paris program:

  • Agrora enables processors and traders of agricultural commodities to save time on procurement and distribution processes.
  • Clarifruit offers an automated quality control platform for fast, objective and consistent fresh fruit and vegetable quality control.
  • Connecting Food uses blockchain technology and smart modules to provide transparency, traceability and digital auditing of food products.
  • GrainChain Inc. combines blockchain and Internet of Things–driven technologies to verify and auto-execute smart contracts, creating fully automated and digitalized workflows at every stage.
  • HeavyConnect develops easy-to-use mobile software that digitalizes paper-based compliance workflows in farming and processing.
  • Milk Moovement connects all players in the dairy supply chain, improving visibility and generating valuable insights across the raw milk supply chain.
  • ProcSea digitalizes seafood trading by connecting all partners on one digital platform for optimized and secured purchasing and sales processes.
  • Sencrop designs and sells connected weather forecast solutions farmers use to measure humidity, temperature, wind speed and rainfall.

To learn more about how SAP.iO is helping innovators start up and scale with SAP, please visit https://sap.io/.

Stockly lets e-commerce websites sell out-of-stock items from a shared inventory

Meet Stockly, a French startup that keeps the inventory of various e-commerce websites in sync. When you see an out-of-stock item on an e-commerce website, chances are you leave that website and try to find the same item on another site.

If you operate an e-commerce website, Stockly lets you sell items even when they’re currently out of stock. The startup automatically finds a third-party Stockly supplier with that specific item.

The order will go through and be sent by that supplier directly. Stockly tells its partners to use neutral packaging so that the end consumer isn’t confused.

This could be particularly useful for small-scale e-commerce companies that don’t have a healthy marketplace of third-party retailers. For instance, Amazon can already sell you an out-of-stock item if a supplier has listed that specific item on Amazon’s own marketplace. But that’s not the case for most e-commerce websites.

The main challenge for Stockly is that it has to sort through various catalog formats and match the different inventories of different retailers. It is focusing on clothing items at first. When an order is routed through Stockly, it selects a specific supplier based on different criteria, such as logistics, delivery time and historical data.

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SAP.iO recherche des startups AgTech & GreenTech pour ses deux nouveaux programmes d’accélération

SAP.iO Foundry Paris lance un nouvel appel à candidatures pour son programme d’accélération de startups orientées agri-business. Cette 6ème promotion de l’accélérateur de startups de SAP retiendra 6 à 10 pépites tech et Agtech pour son programme de 10 semaines débutant en avril 2021. Les startups françaises mais aussi européennes peuvent candidater dès aujourd’hui jusqu’au 31 janvier 2021. Un autre appel à candidature est ouvert aux startups Greentech Françaises pour ses programmes de Berlin et Munich.

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La qualité de vie au travail, une opportunité grandissante pour les startups françaises ?

On ne vous apprend rien : la qualité de vie au travail, ou QVT, est devenue en quelques années un enjeu central pour les entreprises du monde entier. Alliée de la performance et de la marque employeur, elle est scrutée de près par les directions des ressources humaines pour attirer et retenir des collaborateur·rice·s talentueux. Les startups françaises sont de plus en plus nombreuses à proposer des solutions au service du bien-être de leurs salarié·e·s.

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SAP Kicks Off SAP.iO Foundry Paris for Procurement Startups

 SAP SE (NYSE: SAP) announced that SAP.iO Foundry Paris kicked off its new accelerator program focused on procurement. Over the next 10 weeks, SAP will accelerate eight startups selected for their innovative approaches to supply management, user experience and process automation.

The startups will have access to technical integration guidance, curated mentorship, and exposure to SAP technology, and they will join Ariba Network, the world’s largest B2B sales network of 4.6 million business partners in 190 countries. This will help SAP to provide customers with solutions that complement its SAP S/4HANA and SAP Ariba offerings.

“Procurement is an essential part of companies’ operations that can prove to be a real economic lever,” SAP.iO Foundry Paris Director Sébastien Gibier said. “We have been able to observe various areas of improvement in the sourcing process that can guarantee companies greater efficiency, transparency and security. The eight selected startups will create innovative solutions that complement those of SAP and bring more value to our customers.”

The SAP.iO Foundry Paris cohort members are the following:

  • Archlet.io is an intuitive sourcing consulting platform that allows buyers to better anticipate negotiations by relying on more-advanced market data linked to the company’s purchasing data.
  • Chai is an English web application that uses state-of-the-art AI with relevant data to make price predictions on a cross-section of commodities, giving customers access to important data in the form of price forecasts.
  • Deployed is an English platform used to efficiently digitalize specifications. It uses a combination of questions and answers to write a complete and accurate specification.
  • Flowlity is a French SaaS planning solution that optimizes inventory management between companies and suppliers. Flowlity reduces the risk of overstocking and shortages by issuing alerts when certain anomalies are detected. This allows companies to act as quickly and avoid costly interruptions.
  • Per Angusta is a French collaborative SaaS solution for performance management. It enables companies to optimize their expenses, reduce risk taking, prioritize projects and measure objectives.
  • Scalue is a German web application that enables companies to identify various areas of potential savings and optimize their purchasing processes.
  • Trustpair is a French SaaS solution designed for financial departments to secure different transactions and banking information with different providers.
  • Winddle is a SaaS platform with a collaborative approach to optimizing and promoting supply-chain monitoring.

This is the fifth program at SAP.iO Foundry Paris and marks its second anniversary.

Les relations simples : la nouvelle innovation venue des startups

Quelque part au cours de la vie économique du XXᵉ siècle, le monde de l’entreprise s’est peu à peu enfermé dans une conception froide, où le secret et l’opacité étaient devenues des notions fondamentales. La transparence fut alors souvent vue tantôt comme de la naïveté, tantôt comme un leurre. En centrant leur attention sur leur produit plutôt que sur leurs utilisateurs, les acteurs économiques, se positionnant en « sachants », se sont peu à peu coupés de leur client. Or ce monde a vécu. La transparence, l’expérience client, la conception collective et la réciprocité, incarnées par le nouveau souffle venu des startups, sont devenues des piliers de tout acteur économique contemporain. En d’autres termes, c’est l’avènement des relations simples. 

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SAP.iO #No Boundaries partners with Les Déterminés

SAP.iO partners with Les Déterminés to Support Entrepreneurship in Working-Class Neighborhoods and Rural Areas. SAP France announces that its SAP.iO Foundry Paris accelerator is supporting the 12th promotion of the association Les Déterminés, whose mission is to develop entrepreneurship in working-class neighborhoods and rural areas. As part of this partnership, SAP.iO Foundry Paris is committed to making its premises and the expertise of its employees available to support the 20 entrepreneurs in its new promotion, selected from more than 470 candidates.

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Une rentrée offensive sur le cloud pour SAP France

Comme d’autres grands éditeurs, SAP a pris conscience il y a plusieurs années du rôle important des start-ups pour l’aider à faire progresser ses offres. Son programme SAP.io a déjà enrôlé plus de 200 start-ups dans l’écosystème de l’éditeur allemand. La France n’est pas en reste. Frédéric Chauviré l’a constaté en prenant ses fonctions. « Je ne m’attendais pas à autant de dynamisme et d’innovation ». La dernière promotion a recruté des start-ups RH, dont Andjaro dans laquelle SAP a déjà investi à deux reprises. La prochaine promotion démarre cet automne, axée sur le procurement (gestion de l’approvisionnement), pour apporter des logiciels complémentaires à S/4HANA et Ariba. Le DG français rappelle par ailleurs l’importance des équipes de R&D gérées par SAP dans l’Hexagone : plus de 1000 personnes y travaillent. De façon générale, la filiale a prévu de recruter 200 personnes cette année, 50 postes restant encore ouverts d’ici la fin de l’exercice, dans la R&D, les équipes commerciales et le customer success.

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