SmartLoC receives EUR 1.8 million in seed financing Smartlock receives

SmartLoC, a start-up from Hamburg, has successfully raised 1.8 million euros in a seed financing round. The investors see great potential in the company's digital payment solution for international trade.
Hamburg, June 6, 2024 - Hamburg-based start-up SmartLoC has successfully completed its seed financing round and raised 1.8 million euros. The financing round was led by High-Tech Gründerfonds (HTGF). Other investors include Loggerhead Ventures, MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein mbH and several business angels.
Digital payment solution
SmartLoC is developing a digital B2B payment solution that is based on freight monitoring and aims to make international trade more efficient. The start-up relies on technologies such as IoT, blockchain and artificial intelligence. The aim is to make cross-border transactions more secure and seamless.
We offer companies a modern, efficient and secure payment solution for international trade.
Britta Balden, CEO SmartLoC
Britta Balden, CEO of SmartLoC, emphasizes the importance of the investment: "This funding allows us to accelerate the development of our platform and scale our business. We offer companies a modern, efficient and secure payment solution for international trade." She is confident that the support from the investors will help the company to make sustainable progress.
Investors are positive about the future
Martin Möllmann, Senior Investment Manager at HTGF, sees great potential in SmartLoC: "The SmartLoC team combines expertise in finance, technology and international trade with an innovative approach. We are convinced that they can redefine B2B payments in international trade."
Loggerhead Ventures also sees SmartLoC as a promising investment. Evangelos Kosmidis, CEO of Loggerhead Ventures, emphasizes the environmental potential of the platform: "SmartLoC can create a smart supply chain and reduce CO2 emissions in international trade. The team has the technical know-how and entrepreneurial experience to grow quickly and revolutionize the market."
Following the completion of the seed round, SmartLoC plans to drive the development of its platform, expand the team and accelerate time to market. The focus will be on providing a modern and efficient payment solution that enables companies to conduct seamless cross-border transactions.
High-Tech Gründerfonds remains strong in the market
High-Tech Gründerfonds (HTGF) has been financing technology start-ups with growth potential since 2005. With around EUR 1.4 billion under management and investments in more than 750 start-ups, HTGF is a leading seed investor in Europe. The fund supports young companies with know-how, entrepreneurial spirit and passion. High-Tech Gründerfonds (HTGF) continues to have a strong presence in the market. As recently as May, we reported on its investments in Jupus, Caeli Wind and everyone energy. With its current investment in SmartLoC, HTGF is once again underlining its commitment to supporting innovative technology start-ups and paving the way for their sustainable growth.

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