Customs4trade, a Mechelen, Belgium-based creator of a comprehensive customs and trade compliance platform, raised an additional €3m in equity funding.
The round, which brought the the total investment to €5m within 12 months, was led by Hi Inov with participation from 42CAP and 10x Group. As part of the deal, Hi Inov Managing Partner Wolfgang Krause will join the C4T board of directors.
The company intends to use the funds to accelerate customer growth in the European market.
Led by CEO Pieter Haesaert, Customs4trade provides CAS, a software solution that automates customs and trade compliance. CAS is a collaborative hub, designed to manage regional and worldwide customs and trade compliance within one single platform. Built on the Microsoft Azure platform and delivered as a Service (SaaS), CAS provides clients with continual updates and feature enhancements, including the incorporation of any changes to legislation and compliance regulations—along with Azure’s signature accessibility, scalability, and security. C4T works with a wide range of customers, from multi-national names to smaller companies, each one providing valuable contributions that help improve their solution and services.