202402 Feb

Munich-based BOX ID raises €3.5M in pre-Series A round led by KPN Ventures

Summary

Specialising in sectors like automotive, wholesale, healthcare, machinery, glass industry, and post & parcel, BOX ID offers a scalable solution for efficient supply chain management. Currently focused on Central Europe and Asia Pacific, the platform’s success is highlighted by a module, developed in partnership with Fega & Schmitt, that controls transport container flow and eliminates costly commissioning errors in distribution centres. BOX ID’s cloud-based solution empowers customers to monitor and control both inbound and outbound shipments, optimising the flow of goods and returnable transport packaging (RTP) fleets. BOX ID co-founder and MD Dr. Wolfgang Vogl says, “We eliminate waste along the supply chain for our customers by automatically monitoring real-time data streams against the targeted processes. Cutting down loss, shortages and misrouted items not only optimises availability but also saves costs and improves the overall environmental protection.” “Today’s logistic asset tracking systems have little to no real-time process context.

Source: Siliconcanals

Funding

$3.83M
Amount
Feb 02 2024
Date
-
Investor
BOX ID
Company

Classifications

Companies