Munich-based supply chain collaboration platform TradeLink has raised €12 million in funding.
The Series A round was led by global software investor Insight Partners with participation from existing investors Point Nine and Fly Ventures doubling down and angel investors, including Alexander Doll (former CFO of Deutsche Bahn), David Nothacker (CEO of Sennder), Alex Hersham (CEO of Zencargo), and Stephan Kniewasser (former CEO of Transporeon, TeamViewer).
The funding will allow the company to enhance the functionalities of its SaaS platform and scale marketing and sales activities to collaborate in logistics and supply chains.
With delivery bottlenecks, missing materials, rising logistics costs, lack of shipment transparency, and overworked warehouse employees the supply chain woes seem to be never-ending.
The process breakdowns have cost players throughout the value chain billions of dollars.
This is where TradeLink steps in. It is enabling users to move away from manual spreadsheets and email to simplified and automated exchanges between all involved parties in the supply chain.
It connects all delivery partners – forwarders, suppliers, shippers, and warehouse operators – with a few clicks and automates the alignment of digital papers, expected delivery time, load information, and communication to improve business results for all participants in the supply chain.
One of the segments which garnered major attention and VC money during the pandemic was warehousing startups.
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