The logistics startup Blackbox Solutions develops tracking sensors for logistics processes. The Munich-based company was able to use this to win the HTGF and Bavaria Capital convince of an investment.
The High-Tech Gründerfonds (HTGF), Bayern Kapital and another private investor from the network of Baystartup are investing a seven-figure sum in the logistics startup Blackbox Solutions. Together with additional funding from the Bavarian Program for the Promotion of Technology-Oriented Start-ups (BayTOU), the startup has secured a total of approximately €2 million in seed financing. Founder and Managing Director Wolfgang Vogl says:
"The Baystartup team provided us with ideal support prior to the round and helped us convince a private investor from the Baystartup investor network of our solution. With HTGF as the lead, a powerful financing consortium was formed together with Bayern Kapital and the private investor."
Movements visible across the entire supply chain
The Munich-based startup offers a tracking solution for logistics processes. The goal is a complete and consistent digital representation of the actual flow of goods. To this end, Blackbox Solutions develops networked sensors that can locate industrial goods and load carriers both outdoors and in warehouses. In addition to location, the sensors also determine other data such as temperature. The Munich-based company uses so-called low-power wide-area networks for transmission. The startup's customers include well-known industrial companies, automotive manufacturers, and logistics service providers. Thomas Fusch, Germany head of the automotive logistics company Schnellecke, says:
"We systematically evaluate new technologies for digitizing the supply chain. What we find compelling about Blackbox's approach is that it makes load carriers and container movements visible across the entire supply chain—even without local infrastructure.
