Arviem accelerates growth after securing financing
Summary
The financing agreement with Swiss Kineo Finance in June last year boosted growth for the supply chain startup Arviem, the startup specializing in cargo monitoring and supply chain visibility services. In the months following the investment, the company reported a more than 40% revenue increase and launched its Asian business unit in Singapore.Arviem collects data and uncovers supply chain blind spots by installing automated locating and sensing technology on multimodal containers and cargo. It offers cargo monitoring as a fully managed service, including cargo monitoring devices, access to a data analytics platform, and device logistics and maintenance. With actionable insights, clients can develop cost-saving strategies, optimize their supply chain, assess performance, and identify bottlenecks.Following the closing of a multimillion financing agreement with Swiss financial company Kineo Finance, the Swiss startup saw impressive growth driven by increased customer demand. The company expanded its service pipeline by submitting nearly 40% more proposals in 3Q 2022 compared to 2Q 2022.