3 years ago

Vamstar Secures $9.5M Series A Funding to Scale AI-Powered Procurement Platform

  • Vamstar, a London, UK-based provider of an AI-enabled procurement platform for medical supplies and pharmaceuticals, raised $9.5M in Series A funding

  • The round was led by Alpha Intelligence Capital and Dutch Founders Fund, with participation from btov Partners and Antler

  • Vamstar intends to use the funds to accelerate market and product development plans, deploying Artificial Intelligence (AI) to enhance its consumables and generics exchange platform, improving data quality for faster e-commerce, and digitizing procurement and sourcing processes for both buyers and suppliers across the industry.

      • ProblemHealthcare

      "Procuring medical supplies and pharmaceuticals is a complex and time-consuming process. It’s difficult for buyers to find the right suppliers, compare prices, and manage the entire process. On the supplier side, it’s hard to get in front of the right buyers and find new opportunities."

      Solution

      "Vamstar provides an AI-enabled procurement platform that connects buyers and suppliers of medical supplies and pharmaceuticals. The platform uses AI to automate the process of finding the right suppliers, comparing prices, and managing the entire procurement process. This helps buyers save time and money, and suppliers reach a wider audience."

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