Packwise closes Pre-Series A funding round

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

Dresden-based start-up Packwise has closed a successful pre-series A financing round, raising a seven-figure amount. Investors are Technologiegründerfonds Sachsen, early investor Hüttners "hoch drei" from Düsseldorf and Leipzig-based investment company Golzern Hoolding.

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

"In addition to automating processes, such as reordering and ensuring product quality, the focus for many of our customers is to reinvent themselves in terms of customer service," says Gesche Weger, the CEO of the startup, which was founded in 2017.

The startup plans to put the newfound money into building its platform and growing in Europe. Packwise is also looking to build new distribution partnerships and is preparing to launch in North America.