Yellowfox gets new partner
The start-up Yellowfox has been active in the logistics industry for 18 years. Now it is getting support from the investment company ECM.
The investment company Equity Capital Management (ECM) is now supporting the telematics software start-up Yellowfox. Both sides did not announce financial details, only that Yellowfox co-founder and CEO Hendrik Scherf and the other shareholders will remain involved.
"I am proud of the Yellowfox team," says Scherf and explains the new choice of partner: "For the next development step, we have now found a partner with a great sense for growth opportunities in ECM. Together we want to take Yellowfox to the next level."
Since 2003, the start-up based near Dresden has been offering intelligent telematics solutions for a wide range of industries, vehicle types and company sizes. These solutions can be used to track working hours, route planning, fleet inventory, and expenses, for example, and can also be used to monitor driving style. Customers include companies in the construction and logistics industries. There are currently 70 employees in the DACH region.
"We see great potential for Yellowfox. The application areas for telematics solutions are far from exhausted and the growth prospects are therefore exceptionally good," says Florian Thelenberg, Partner at ECM.
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