Cronvall secures €3.9M to scale smarter industrial procurement across Europe
Finnish tech company Cronvall has secured €3.9 million in funding to scale its digital industrial procurement platform across Europe. This investment highlights the growing need for efficient and transparent supply chain solutions, particularly within the construction and industrial sectors. The company’s platform aims to streamline critical purchases and reduce the environmental impact of industrial operations. Cronvall's platform connects construction and industrial firms with a network of over 150 vetted suppliers. It allows users to manage orders from start to finish, compare prices transparently, and track deliveries. The company already serves more than 8,000 clients, ranging from SMEs to publicly listed firms, and is projecting to surpass €6 million in annual turnover. The platform directly addresses the fragmentation and lack of data common in industrial procurement, with the EU's Corporate Sustainability Reporting Directive (CSRD) driving demand. By eliminating errors and redundant shipments, Cronvall contributes to sustainability efforts. Cronvall's expansion will support digital transformation across the continent and reduce the environmental impact of procurement activities.
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