Logistics company secures over 2.2 million euros in seed financing

Logistikbude receives over 2.2 million euros in financing from XPRESS, rethink and better ventures and optimizes load carrier management in industry and logistics.

Dortmund - The Dortmund-based startup Logistikbude has successfully completed a seed financing of over 2.2 million euros. The main investors, XPRESS Ventures and rethink ventures, lead the round, while the existing investor Fraunhofer Technologie-Transfer Fonds (FTTF) as well as the business angel club better ventures, SB21 and the founders of Proglove with OMA Ventures are also participating. With this financing, Logistikbude intends to further develop its technology for the automation of load carrier management and expand its market presence.

With its software, Logistikbude not only makes a major contribution to the sustainable use of valuable resources, but also enables real-time transparency through automation and digitalization

Tina Dreimann, Managing Director of better ventures

Founded in 2021 as a spin-off of the Fraunhofer Institute for Material Flow and Logistics (IML), Logistikbude aims to modernize outdated and mainly analogue processes in the management of reusable objects such as pallets and containers. These objects play a fundamental role in global supply chains, but are often neglected when it comes to optimizing efficiency in logistics. Logistikbude relies on a specially developed algorithm that combines and automates exchange and booking processes as well as the tracking of load carriers in one platform. The company's long-term goal is to make the use of reusable objects as simple and transparent as online banking.

Currently, around 2% of the logistics industry's workforce is involved in load carrier management, and a significant proportion of these objects are lost every year. Our technology strives to create transparency and offer data-based solutions

Dr. Philipp Hüning, co-founder and CEO of Logistikbude

Logistikbude takes a step-by-step approach: first, all relevant data-related information is consolidated and presented transparently to customers. Algorithms then identify potential efficiency gains in exchange and transportation processes. The final step involves coordination with partners, customers or suppliers via the platform. The company has already acquired more than 15 well-known international companies as customers.

Like money, load carriers are the lubricant of our industry, but in technological terms they are comparable to banking in the 1980s. Bude has recognized this.

Matthias Friese, Managing Partner XPRESS Ventures

The completed seed financing amounts to over 2.2 million euros. In addition to XPRESS Ventures and rethink ventures, FTFF and business angels such as Gwendolyn Schröter, Beate Fastrich and Thomas Gottheil participated via the business angel club better ventures. The founders of Proglove and SB21 are also part of this financing round. The funds will be used to strengthen the automation of Logistikbude's technology in order to grow in relevant sectors and create added value through data-based network effects. The focus will also be on meeting sustainability targets.