Plato Raises $6.5M in Pre-Seed Round
Plato, a Berlin, Germany-based AI-powered ERP platform for wholesale distributors, has raised $6.5 million in a pre-seed funding.
The round was led by Cherry Ventures, with additional backing from the German government and executives from Microsoft, SAP, and NVIDIA.
Cherry Ventures, a venture capital firm based in Berlin, London, and Stockholm, was founded in 2012 and typically invests in pre-seed and seed-stage startups. Cherry focuses on sectors including climate tech, consumer, fintech, health tech, industrials, interactive entertainment, lifestyle, mobility, and software.
The company plans to use the funds to expand its team and scale its platform to support more wholesale customers.
Founded by Benedikt Nolte, Matthias Heinrich, and Oliver Birch, Plato offers an AI-driven ERP (Enterprise Resource Planning) automation platform tailored for wholesale distributors. The platform integrates with existing ERP systems, helping distributors streamline sales and automate workflows.
Funding Details
Company: DM Technologies GmbH
Raised: $6.5M
Round: Pre-Seed
Funding Date: November 2024
Lead Investor: Cherry Ventures
Additional Investors: German Government, Executives from Microsoft, SAP, NVIDIA
Company Website: https://www.platoapp.ai/
Software Category: Enterprise Resource Planning Automation