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Packwise secures funds to scale its industrial tech to North America

PRIVATEMay 31, 2024

Amount Raised

$1 Million

Round Type

Seed

DresdenManufacturingBiotechnology

Investors

Hüttenes³ Gmb HTgfs Technologiegründerfonds Sachsen

Description

German IoT startup Packwise has raised an undisclosed seven-figure amount to drive upcoming internationalisation to North America. The company's Smart Cap plug-and-play device creates new insights and records sensor data on the location, level, temperature, and movement of mobile liquid containers with high precision in real-time.

Quick answer

Packwise raised $1 Million in a Seed round, dated May 31, 2024. Investors: Hüttenes³ Gmb H and Tgfs Technologiegründerfonds Sachsen. Packwise is based in Dresden, Saxony, Germany.

How much did Packwise raise?
Packwise raised $1 Million in a Seed round on May 31, 2024.
Who invested in Packwise?
Hüttenes³ Gmb H and Tgfs Technologiegründerfonds Sachsen are named as investors in this round.
What does Packwise do?
Packwise GmbH is a Dresden-based technology company whose innovative Industrial IoT solution enables customers in the chemical, pharmaceutical and food industries to gain transparency along the supply chain.
Where is Packwise based and how big is it?
Packwise is based in Dresden, Saxony, Germany.
Who are the decision-makers at Packwise?
Fundz holds 1 contact at Packwise. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing and Biotechnology around the same time

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

  • Active Membranes raised $2.3M on July 15, 2024.
  • Bedal International raised $11M (Funding Round) on July 12, 2024.
  • Active Membranes raised $5M (Seed) on July 11, 2024.
  • Endoron Medical raised $10M (Series A) on July 9, 2024.
  • NOWDiagnostics, Inc. raised $23M (Series B) on July 9, 2024.
  • Altrove raised $4M (Pre-Seed) on July 3, 2024.

Who to call at Packwise, and when

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

  • An alert the day Packwise raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Packwise, from your own LinkedIn network

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Company Information

Company

Packwise

Location

Dresden, Saxony, Germany

About

Packwise GmbH is a Dresden-based technology company whose innovative Industrial IoT solution enables customers in the chemical, pharmaceutical and food industries to gain transparency along the supply chain. Our solution, consisting of the plug-and-play sensor Packwise Smart Cap and the corresponding application Packwise Flow, enables unprecedented insights into relevant data surrounding the supply chain. Sensor data on location, fill level and movement for various types of containers is collected with high precision in real time and visualized and analyzed fully automatically and intelligently in Packwise Flow, as well as optionally transferred to customer systems. Packwise' customers therefore benefit from automated processes, increased service levels for their customers and partners, and more sustainable container logistics. Since 2017, the trio of founders and their team of around 20 have been working ceaselessly on this technology to transform their customers' supply chains into an intelligent, digital, collaborative network. Today, Packwise is already working with over 40 companies from the chemical, food and pharmaceutical industries worldwide.

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Packwise raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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