BOX ID, a Garching, Munich, Germany-based logistics software provider, raised €3.5M in funding.
The round was led by KPN Ventures with participation from High-Tech Gründerfonds (HTGF), Bayern Kapital and Wille Finance as well as by business angels Dr. Georg Hofer, Ulrich Müller-Menrad and Relayr Co-Founder Jackson Bond.
The company intends to use the funds to further develop its SaaS-platform.
Founded in 2018, BOX ID offers a cloud service for industrial logistics enabling tracking, automation, and optimization of material flows within single sites as well as across entire supply chains. The software manages transparent and efficient fleet assets equipped with appropriate Auto-ID and/or IoT objects (e.g. LPWAN, BLE, NB-IoT, QR code, RFID).
BOX ID provides customers with a scalable solution to manage and optimize supply chain processes in industry sectors such as automotive, wholesale, healthcare, machinery, glass industry, post & parcel.
FinSMEs
19/02/2024