BOX ID Secures €3.5M in Funding Battle
February 21, 2024, 9:36 am
Munich-based logistics software provider, BOX ID, has emerged victorious in a funding battle, securing a hefty €3.5M in a pre-Series A round led by KPN Ventures. This victory will fuel the expansion of its IoT-based supply chain visibility offerings, a strategic move in the logistics battlefield.
BOX ID, founded in 2018, specializes in providing a cloud service for industrial logistics, offering a scalable solution for efficient supply chain management. With a focus on sectors like automotive, wholesale, healthcare, machinery, glass industry, and post & parcel, BOX ID's platform enables tracking, automation, and optimization of material flows within sites and supply chains using various Auto-ID and IoT objects.
The battle for funding was fierce, with existing seed investors HTGF, Bayern Kapital, and Wille Finance joining forces with business angels from the BayStartUP Network to support BOX ID's quest for victory. The capital raised will be used to enhance BOX ID's SaaS platform, already in use by industry leaders in Europe and the Asia Pacific region.
BOX ID's cloud-based solution empowers customers to monitor and control inbound and outbound shipments, optimizing the flow of goods and returnable transport packaging fleets. By integrating IoT-sensor data with enterprise software records, BOX ID ensures transparent supply chain data, enabling analytics functions that prevent loss, optimize fleet utilization, and improve overall environmental protection.
Dr. Wolfgang Vogl, co-founder and MD of BOX ID, emphasizes the importance of eliminating waste along the supply chain for customers by automatically monitoring real-time data streams against targeted processes. This proactive approach not only optimizes availability but also saves costs and improves environmental sustainability.
The funding victory will propel BOX ID forward in its product development and business expansion efforts. With a strong team, promising market position, and positive customer feedback, BOX ID is well-positioned to add value to KPN's national and international enterprise customers.
In the competitive landscape of logistics software providers, BOX ID has emerged as a formidable contender, armed with a clear portfolio philosophy and a focus on specific verticals in industrial logistics segments. With this funding victory under its belt, BOX ID is ready to conquer new territories and solidify its position as a leader in the logistics industry.
BOX ID, founded in 2018, specializes in providing a cloud service for industrial logistics, offering a scalable solution for efficient supply chain management. With a focus on sectors like automotive, wholesale, healthcare, machinery, glass industry, and post & parcel, BOX ID's platform enables tracking, automation, and optimization of material flows within sites and supply chains using various Auto-ID and IoT objects.
The battle for funding was fierce, with existing seed investors HTGF, Bayern Kapital, and Wille Finance joining forces with business angels from the BayStartUP Network to support BOX ID's quest for victory. The capital raised will be used to enhance BOX ID's SaaS platform, already in use by industry leaders in Europe and the Asia Pacific region.
BOX ID's cloud-based solution empowers customers to monitor and control inbound and outbound shipments, optimizing the flow of goods and returnable transport packaging fleets. By integrating IoT-sensor data with enterprise software records, BOX ID ensures transparent supply chain data, enabling analytics functions that prevent loss, optimize fleet utilization, and improve overall environmental protection.
Dr. Wolfgang Vogl, co-founder and MD of BOX ID, emphasizes the importance of eliminating waste along the supply chain for customers by automatically monitoring real-time data streams against targeted processes. This proactive approach not only optimizes availability but also saves costs and improves environmental sustainability.
The funding victory will propel BOX ID forward in its product development and business expansion efforts. With a strong team, promising market position, and positive customer feedback, BOX ID is well-positioned to add value to KPN's national and international enterprise customers.
In the competitive landscape of logistics software providers, BOX ID has emerged as a formidable contender, armed with a clear portfolio philosophy and a focus on specific verticals in industrial logistics segments. With this funding victory under its belt, BOX ID is ready to conquer new territories and solidify its position as a leader in the logistics industry.