Munich-based supply chain collaboration platform TradeLink has raised €12 million in funding.
The Series A round was led by global software investor Insight Partners with participation from existing investors Point Nine and Fly Ventures doubling down and angel investors, including Alexander Doll (former CFO of Deutsche Bahn), David Nothacker (CEO of Sennder), Alex Hersham (CEO of Zencargo), and Stephan Kniewasser (former CEO of Transporeon, TeamViewer).
The company will use the funding to expand its SaaS platform functionality and to scale sales and marketing activities in order to cooperate in logistics and supply chains.
Delivery bottlenecks, missing material, rising logistics costs and lack of shipment transparency make the supply chain seem endless.
Process breakdowns have caused billions in losses for players across the value chain.
TradeLink comes in to save the day. TradeLink enables users to shift away from using email and manual spreadsheets to facilitate and automate exchanges among all the parties involved in the supply chains.
It connects all delivery partners – forwarders, suppliers, shippers, and warehouse operators – with a few clicks and automates the alignment of digital papers, expected delivery time, load information, and communication to improve business results for all participants in the supply chain.
One of the segments which garnered major attention and VC money during the pandemic was warehousing startups.