The Munich startup view receives a seven-figure investment in its seed financing round. The startup aims to shake up the logistics market with its disruptive IoT solution. The capital from the Munich and Berlin-based investors is intended to accelerate the development of blik's services and products.
The Munich-based startup offers a digital service for logistics process optimization and helps other companies monitor goods and processes with IoT solutions. Blik developed its innovative product from a project the three founders worked on for an automobile manufacturer. The team has now grown to 14 employees.
The funding will be used to further develop technology
With their business model, the three-person founding team convinced investors Ceravis Ventures, Motu Ventures, and additional business angels. The seven-figure investment is intended to help the company accelerate the development of its IoT functionalities and sensor components.
blik brings transparency to its customers' supply chains. A digital copy of the supply chain is created in real time using innovative IoT technology. This approach simplifies goods tracking and enables performance analysis to improve companies' value creation. With its technology, the startup has already Winner of the Innovators' Pitch and received second place in the TechCrunch “Disrupt Startup Battlefield”.
With MAN, a vehicle manufacturer uses the blik technologyThanks to the newly acquired data, customer planning processes can be simplified and made more transparent. These processes will be further automated in the future.
Editor's note: Blik was liquidated in spring 2019. According to the founders, one reason for this was the lack of a market.
