Fundz

Northbound raised €1.3 million in a pre-seed financing round led by Apex Black to expand its container logistics software-as-a-service solution.

PRIVATEJul 10, 2024

Amount Raised

€1.3 Million

Round Type

Pre-Seed

BerlinLogisticsSaaS

Investors

Schenker VenturesIBB VenturesMvp FactoryId4 VenturesApex Black

Description

Berlin-based startup Northbound has closed a pre-seed financing round of €1.3 million to expand its software-as-a-service solution, aiming to optimize container flows from the port to the warehouse. The funding will be used to enhance the platform’s AI capabilities, expand the team, and acquire additional customers.

Quick answer

Northbound raised €1.3 Million in a Pre-Seed round, dated July 10, 2024. Investors: Schenker Ventures, IBB Ventures, Mvp Factory, Id4 Ventures and Apex Black. Northbound is based in Berlin, Berlin, Germany.

How much did Northbound raise?
Northbound raised €1.3 Million in a Pre-Seed round on July 10, 2024.
Who invested in Northbound?
Schenker Ventures, IBB Ventures, Mvp Factory, Id4 Ventures and Apex Black are named as investors in this round.
What does Northbound do?
Northbound is a Berlin-based startup that focuses on slashing demurrage and detention charges via optimized container logistics.
Where is Northbound based and how big is it?
Northbound is based in Berlin, Berlin, Germany.
Who are the decision-makers at Northbound?
Fundz holds 1 contact at Northbound. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Logistics and SaaS around the same time

Companies in the same sectors as Northbound that raised within 45 days of this round, from Fundz verified event records.

  • Tucán raised $1M (Seed) on August 14, 2024.
  • Tucán raised $42K on June 26, 2024.
  • LogShare raised $2.4M (Seed) on June 17, 2024.
  • McEasy raised $11M (Series A) on June 5, 2024.
  • ESG Now raised $310K (Seed) on August 23, 2024.
  • FLOWIT raised $4.7M (Seed) on August 22, 2024.

Who to call at Northbound, and when

A new round usually means Northbound is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Northbound

Location

Berlin, Berlin, Germany

About

Northbound is a Berlin-based startup that focuses on slashing demurrage and detention charges via optimized container logistics. The company develops a SaaS platform to streamline operational control within the container supply chain, optimizing the flow of goods from the port to the warehouse and protecting companies from inefficiencies and errors. Their vision is to empower importers to prevent penalty fees through active control and automated optimization of container flows.

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