MK Capital Announces Sale of Part Analytics to Altium – January 2025
Chicago, IL – January 28, 2025 – MK Capital is pleased to announce the sale of Part Analytics, a next-generation AI-powered procurement and supply chain analytics platform, to Altium, a global leader in electronics design systems. This acquisition highlights MK Capital’s continued success in fostering groundbreaking companies in the supply chain sector.
MK Capital provided Part Analytics’ Series A capital and became its lead investor in 2021, recognizing its potential to revolutionize procurement and supply chain management through AI-powered insights. Since MK’s investment, Part Analytics achieved over 50% per annum growth, expanding its customer base across the electronics, automotive, and medical device industries.
“Part Analytics has been a game-changer in the supply chain space, empowering procurement teams with actionable insights to reduce costs, mitigate risks, and drive efficiency,” said Mark Koulogeorge, Managing Partner at MK Capital. “This acquisition underscores our commitment to identifying and scaling innovative solutions in supply chain technology, building on our track record with companies like LLamasoft and Optilogic.”
Part Analytics’ integration into Altium’s ecosystem marks a significant milestone in its journey, offering unparalleled synergies to revolutionize procurement and supply chain processes in electronics design and manufacturing.
“We are thrilled to join forces with Altium,” said Jithendra Palasagaram, Founder and CEO of Part Analytics. “MK Capital’s strategic support in building the right team and refining our go-to-market approach was instrumental in enabling us to scale quickly. We are thrilled to continue our mission of transforming supply chain management on a global scale.”
“Jithendra Palasagaram and Jesil Pujara are precisely the type of founders our firm was created to support—gritty, customer-obsessed, humble, first-generation entrepreneurs with Midwestern values,” Koulogeorge added.
The sale of Part Analytics further reinforces MK Capital’s expertise in scaling high-impact technology companies that drive efficiency and innovation across industries. This successful exit demonstrates MK Capital’s ability to deliver exceptional value to its investors while empowering portfolio companies to achieve significant milestones.
About MK Capital
MK Capital is an early and growth-stage venture capital firm with more than $500 million in assets under management. MK invests in disruptive business-to-business software and technology companies. The MK partners average over twenty years of venture capital experience and have built dozens of leading companies in their chosen markets. As a member of the MK Capital portfolio, companies gain access to experienced partners with deep operating experience, not just a line of capital. MK collaborates on strategy, operations, and technology as active board members, leveraging deep insights to drive growth and scale.