Schüttflix, a Gütersloh, Germany-based logistics startup, raised €8m in funding.
The round was led by Speedinvest with participation from co-founders Christian Hülsewig and Thomas Hagedorn and other investors.
The company intends to use the funds for growth and consolidation of sales in Germany and international expansion in 2021, as well as for product development.
Launched a yaer ago, Schüttflix provides a Business To Business platform for ordering and delivering construction materials to customers in building, civil engineering, gardening and landscaping sectors.
The startup says already achieves over €500k a month with the growth supported by over 900 partners with more than 2,000 vehicles, which are directly connected to customers via the app.