Orpheus GmbH
Orpheus is a leading software vendor for spend controls, spend analytics, and transparent strategic procurement. Their AI algorithms and semantic data management enable procurement professionals to recognize hidden bundling and savings potential. Orpheus was founded by Dr. Joerg Dittrich and Michael Lauer in 2005. The company is based in Nuremberg, Germany, and has an office in Mainz. International clients, innovative DAX and MDAX companies as well as large midsize companies utilize their software modules. Contact us to learn more about their references.
Orpheus GmbH
Orpheus is a leading software vendor for spend controls, spend analytics, and transparent strategic procurement. Their AI algorithms and semantic data management enable procurement professionals to recognize hidden bundling and savings potential. Orpheus was founded by Dr. Joerg Dittrich and Michael Lauer in 2005. The company is based in Nuremberg, Germany, and has an office in Mainz. International clients, innovative DAX and MDAX companies as well as large midsize companies utilize their software modules. Contact us to learn more about their references.
TL;DR
Founded: 2005
Headquarters: Nuremberg, Germany
Product focus: Spend analytics, procurement performance management, semantic data management
Exit / acquisition: Acquired by McKinsey & Company (around Feb 2020)
Company Overview
Problem Domain
Procurement spend management and analytics
Founded
2005
Industry
Procurement / Spend Management / Business Intelligence
Funding Track Record
Seed investment reported in 2012
Crunchbase lists a Series A with Senovo as lead investor
Acquired and integrated into McKinsey's procurement offerings
Investor Signal
“Raised institutional funding from investors including UVC Partners, KfW and Senovo; later acquired by McKinsey & Company”