Atomico leads $60m series-B for Scoutbee

Existing investors HV Holtzbrinck Ventures, 42Cap and Toba Capital also took part in the round.

Atomico partner Hiro Tamura will join the board following the investment. Atomico is currently on the road for Atomico V, according to Unquote Data. The fund was announced in 2018 and focuses on late-stage investments in IT companies. The vehicle's predecessor, Atomico IV, held a final close in February 2017 on $765m.

Scoutbee plans to use the fresh capital to grow its team, expand its R&D capabilities and customer growth, and to explore strategic add-on acquisitions.

Previous funding
In November 2018, 42Cap, HV, Toba and angel investors backed a $4m seed funding round for Scoutbee. The company said at the time that it planned to use the capital to invest in product development and to open an office in the US.

In June 2019, HV, 42Cap and Toba backed Scoutbee again in a $12m series-A round.

Company
Founded in 2015, Scoutbee provides software that aims to improve the procurement process between businesses and suppliers, allowing companies to make strategic sourcing and purchasing decisions using an AI-backed model. Its client base comprises around 75 clients from the automotive, aviation and retail sectors, including Audi, Airbus and Bosch.

Scoutbee is headquartered in Würzburg, and also has offices in Berlin and Washington DC. It employs 120 staff. The company generates revenues of $20m, according to Zoominfo.

People
Scoutbee – Gregor Stűhler (co-founder, managing director).
Atomico – Hiro Tamura (partner).

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• Holtzbrinck Ventures