Startup Rail-Flow closes financing round with 3.6 million euros
Marc Nemitz
| 09.05.2023
The Frankfurt-based freight technology startup was able to attract the interest of new and existing investors in its latest round, raising 3.6 million in fresh capital. On board are Rethink Ventures and Futury Capital.
Rail-Flow, the rail freight and intermodal platform provider, has attracted new investors to expand its business. In its latest funding round, the company raised a total of €3.6 million from existing and new investors.
Successful customer implementations have shown that our solutions can make a significant contribution to promoting digitization in transportation and facilitating collaboration between road and rail transportation
Dominik Fürste, CEO & Co-Founder Rail-Flow
Investors in the round include VCs Rethink Ventures, Futury Capital, as well as angels Dr. Katrin Suder, Dr. Alexander Hedderich (former CEO DB Schenker) and Prof. Dr. Jürgen Ringbeck (Otto Beisheim School of Managment)
Rail-Flow founders Dominik Fürste and Osman Akdemir want to shift freight traffic from road to rail and digitize rail freight. By replacing telephone, fax, Excel and e-mail, Rail-Flow reliably simplifies, accelerates and documents processes. This is made possible by various modules within the Rail-Flow platform, which digitizes different actions from tender management to real-time tracking and invoicing. The Purchase & Tender Management platform is a marketplace for conventional rail freight transport.
Thanks to the confidence of our investors, we can now further expand our services and pursue our growth strategy in Europe.
Dominik Fürste
Transporting goods by rail produces 9 times fewer emissions and consumes 6 times less energy than road transport. Rail-Flow's goal is to drive climate-friendly freight transport by connecting carriers, rail freight companies and shippers.
Rail-Flow is a Frankfurt-based startup founded in 2020 by Dominik Fürste and Osman Akdemir. The company develops and operates a platform with marketplace and SaaS solutions for rail freight and intermodal transport.
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