BOX ID secures 3.5 million euros in financing round

Real-time tracking and management - New financing round strengthens the Munich logistics startup in the development of intelligent solutions for global supply chains

Garching, 01 February 2024 - The Munich-based software startup BOX ID, which specializes in logistics and supply chain solutions, has successfully completed a financing round of 3.5 million euros. In addition to Bayern Kapital, KPN Ventures (lead investor), High-Tech Gründerfonds (HTGF), Wille Finance AG and a consortium of experienced business angels are also participating in this round. Bayern Kapital had already invested in the company for the first time in 2018.

Challenges in global supply chains

The increasing complexity of global production and supply chains is presenting companies with growing challenges. The pressure to optimize the flow of goods, minimize losses and reduce ecological footprints is becoming ever greater. BOX ID, founded in Munich in 2018, offers solutions in this context.

BOX ID focuses on the real-time tracking and management of containers, racks and other logistics assets. The platform enables companies to monitor the flow of goods and containers worldwide and provides usable data for managing logistics processes. The fresh funds from the financing round are intended to further boost BOX ID's future growth and support the development of new business areas in logistics.

Customers benefit from demonstrable advantages

BOX ID's customers, primarily from the automotive, glass/window construction, mechanical engineering, wholesale and logistics service sectors, benefit from demonstrable advantages. These include an average 20% reduction in the turnaround times of transport containers, higher availability, less need for containers, lower costs for bottleneck supply and replacement packaging and an impressive reduction of up to 95% in shrinkage in the container and load carrier fleet.

BOX ID co-founders emphasize difference to conventional systems

Our software constantly monitors process execution to identify and prevent errors before they even occur.

Dr. Wolfgang Vogl, Co-Founder & Managing Director BOX-ID

BOX-ID Co-Founder and Managing Director Dr. Wolfgang Vogl emphasizes the difference between their software and conventional logistics inventory tracking systems. While conventional systems create reports to analyze what went wrong, BOX ID's software continuously monitors process execution, identifying and preventing errors before they occur.

Bayern Kapital's investment underscores the importance of supply chain digitalization as one of the critical factors in an environment where global industry players are facing ever-increasing pressure for efficiency. Monika Steger, Managing Director of Bayern Kapital, sees BOX ID on a promising path with its innovative SaaS solution and supports the company in its further growth steps.