Dutch startup Route42 raises €700K for its smart logistics platform
Summary
Dutch startup Route42, which is using smart data to help logistics companies save money and become more efficient, has announced raising €700K from investors BOM Brabant Ventures and Peak Capital. Fuel waste, damage or inefficiency within the operational process can reduce or even eliminate a logistics company’s profits. Route42 was founded in 2015 with the goal to revolutionise the transportation industry by combining cutting-edge asset technology with a powerful data intelligence platform. Its Transport Intelligence Platform also brings together existing logistics data sources (like planning, existing FMS, and charters) effortlessly, making them ’smart’ by adding other data like weather, and identifying logistical and operational cost savings opportunities. We are enormously proud that, given the current challenging market conditions, we have concluded the new financing round with two leading Dutch Venture Capital firms BOM Brabant Ventures and Peak Capital.” “The capital can help us further realise our ambitions as a leader in the field of data-driven movement, to become the data intelligence platform of Europe.