Crown, a Paris-based startup focusing on innovative procurement negotiations through e-auction technology, has raised €2M in a pre-seed funding round. The round was led by Heartfelt and included contributions from various investors and notable business angels. Founded by Mykyta Voytenko, Crown aims to modernize procurement processes, which have been reliant on outdated tools like Excel. By leveraging electronic auctions, Crown seeks to enhance negotiation efficiency and drive cost savings for businesses, addressing the inefficiencies of traditional procurement methods.
Crown wants to address the problem via user-friendly technology - Electronic auction, helping buyers and suppliers to negotiate more efficiently.
Mykyta Voytenko states, 'Procurement is one of the largest cost centres in businesses, yet negotiation - the heart of procurement - remains outdated, manual, and inefficient.'
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