Supplier discovery often isn’t a walk in the park. According to a  by Thomasnet, nearly 50% of buyers have worked with a supplier that unexpectedly went out of business. That’s why in 2015, four German entrepreneurs — Christian Heinrich, Fabian Heinrich, Gregor Stühler, and Lee Galbraith — founded Scoutbee, which develops and sells access to an AI-driven supplier discovery platform. After raising in June 2019 to lay the runway for future growth, the company this week closed a $60 million series B round led by Atomico with participation from Lakestar and Siemens-backed venture firm Next47.

CEO Stühler said the fresh capital, which brings Scoutbee’s total raised to $76 million, will bolster R&D efforts as the company explores strategic acquisitions. Additionally, it will enable Scoutbee to

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