Packwise closes Pre-Series A financing round

The Dresden-based start-up is creating a digital twin to track goods. It has now raised a seven-figure sum for its idea.

The Dresden-based start-up Packwise has completed a successful pre-Series A financing round and raised a seven-figure sum in the process. The investors are Technologiegründerfonds Sachsen, the early investor Hüttners "hoch drei" from Düsseldorf and the Leipzig-based investment company Golzern Hoolding.

Packwise enables retailers in the chemical and food industry to monitor the transportation of their goods and view data such as location, fill level and movement. To do this, it creates a digital twin of the industrial packaging. Users can access the processes via the Packwise platform.

"In addition to automating processes such as reordering and ensuring product quality, many of our customers are focusing on reinventing themselves in the area of customer service," says Gesche Weger, Managing Director of the start-up, which was founded in 2017.

The start-up intends to invest the newly acquired funds in the development of the platform and growth in Europe. Packwise also wants to establish new sales partnerships and is preparing for the market launch in North America.