Royal Oak GmbH announced today that it provides growth capital for Sparrow Networks GmbH. Sparrow, founded by Meir Veisberg in Berlin/Germany, is the industrial spare parts platform, on a mission to drastically reduce the global stock of spare parts while increasing their availability. The investment will help Sparrow Networks to develop their business and to grow their team.
‘It’s amazing to see how many successful projects Sparrow has already mastered. They have proven that their approach to spare parts management works in every major industry, with impressive results. Sparrow’s approach to spare parts optimization really convinced me. As an investor, I will be glad to do my share and help the Sparrow Networks business grow’, says Dr. Stefan Wolff, Managing Director of Royal Oak GmbH.
Sparrow provides a full suite of AI-based products optimizing the management of spare parts, covering data cleansing, inventory optimization and pooling across multiple sites or companies. Sparrow was founded in 2019, supported by BEAM, the logistics startup company builder of BEUMER Group, Beckum/Germany.
Royal Oak, founded by Dr. Stefan Wolff, is a long-term oriented, sustainable and reliable investor and advisor, aiming to enhance the success of entrepreneurs.

Wed, Jun 16, 2021