Logistics startups have taken up centrestage when it comes to funding in recent times. Berlin’s Forto notched $250 million taking its valuation to $2.1 billion, SHIPSTA shipped in $10 million to navigate global expansion and Madrid’s Trucksters raised €8 million funding in March.
Joining the ranks this month is Berlin-based logistics startup Warehousing1, which has raised €10 million funding. The Series A round saw the participation of new investors, including Schenker Ventures, Aster Capital and Wille Finance and existing investors such as HV Capital and Base10 Partners.
With the new capital, the company will invest heavily in its technology and product to further drive its medium-term goal of building a largely SaaS-based business model to provide digitally managed fulfilment solutions to e-commerce companies.
Founded in 2018 by Nico Szeli, Nils Aschmann and Fabian Sedlmayr, the startup offers warehousing and fulfilment networks in Europe with over 850 locations. According to the company, it enables the integration of various shop systems with warehouse management systems. In doing so, the company is digitalising the management of the entire fulfilment process, even for systems and system combinations where the options for digital control were previously limited.
Talking about the company’s plan to scale up and disrupt the logistics segment in Europe, Nils Aschmann, co-founder and CEO, Warehousing1 said: “We are already creating real added value for hundreds of active customers in the booming e-commerce segment. In the future, we want to digitalise the fulfilment experience for many more brands and thus, help them satisfy their customers with logistics processes in the long term.”
Patric Hoffmann, head, Schenker Ventures, added: “We want to increase the innovative strength of the logistics industry. Therefore, our venture capital activities focus on startups that we can support not only financially but also with know-how and network.”