News

Supply Chain Visibility Platform BOX ID Accelerates Growth with €3.5M Financing Round 

February 1, 2024

  • BOX ID raises €3.5M in financing round led by KPN Ventures 
  • Funding round to accelerate product development and business expansion 
  • Streamlining in- and outbound logistic flows for 60+ customers worldwide 
  • BOX ID is recognized innovation leader and finalist in 2024 IFOY award 

Garching, Germany, February 1st, 2024 – The Munich-based logistics software provider BOX ID has raised €3.5M to further scale its product offering for IoT-based supply chain visibility. The latest financing round was led by KPN Ventures and joined by the former seed investors HTGF, Bayern Kapital and Wille Finance as well as by business angels from the BayStartUP Network. The investment fuels the further development of the company’s SaaS-platform, which is already trusted by global industry leaders in Europe and the Asia Pacific region. Furthermore, it was just announced that BOX ID is nominated for the IFOY Award 2024. This renowned award honors outstanding achievements in intralogistics every year. 

Intelligent supply chain management plays a key role in the transformation of today’s industrial logistics towards higher cost-efficiency and sustainability. Optimizing transports, avoiding loss and dispatch errors, maximizing availability, reducing costs and the ecological footprint are the overall goals throughout global logistics. BOX ID SaaS-Platform brings a whole new level of visibility and control to industrial logistics chains in this respect. It directly connects the IT world with its logical models of material stocks and flows with the real-world physical supply chain and its millions upon millions of returnable transport packaging (RTP) units – such as transport containers, boxes, racks, KEGs, swap bodies. 

Eliminating waste in logistic process execution 
The cloud-based BOX ID solution enables customers to monitor and control their critical inbound and outbound shipments and ensures an optimized flow of their goods and RTP fleets across any number of own and third-party premises as well as in transit. The software provides an intelligent fusion of IoT-sensor data with records from enterprise software, such as ERP and TMS. The outcome is transparent supply chain data and analytics functions to ensure availability, prevent loss and optimize utilization of RTP fleets and other mobile logistic assets. 

We eliminate waste along the supply chain for our customers by automatically monitoring real-time data streams against the targeted processes. Cutting down loss, shortages and misrouted items not only optimizes availability but also saves costs and improves the overall environmental protection. Today’s logistic asset tracking systems have little to no real-time process context. They create reports so you eventually can analyze what went wrong. Our software constantly monitors your process execution and identifies and prevents errors before they occur.

Dr. Wolfgang Vogl Co-Founder and Managing Director of BOX ID

Streamlining transport logistics for 60+ customers, leading innovation in the field 
The reliability of the BOX ID solution is proven by a fast-growing customer base, which includes more than 60 companies from industries such as Automotive, Machinery, Glass, Wholesale and all kinds of Logistic Service Providers. Currently, the geographic focus of the customer base is on Central Europe and Asia Pacific. 

In a highly successful cooperation with Fega & Schmitt, part of Würth Group, BOX ID created a new platform module that not only controls the transport container flow across the distribution chain but also literally eliminates costly commissioning errors in the distribution centers. Based on this work, BOX ID has been selected a finalist for the 2024 IFOY AWARD, a VDMA supported competition, that annually assesses outstanding achievements in intralogistics. 

Powerful partners for expansion and product evolution 
The investment of €3.5M is planned to fuel further extension of product development and business expansion. The latest financing round was led by the Dutch KPN Ventures and joined by the seed investors High-Tech Gründerfonds (HTGF), Bayern Kapital and Wille Finance AG as well as by the business angels Dr. Georg Hofer, Ulrich Müller-Menrad and Relayr Co-Founder Jackson Bond. 

We aim to partner with sustainable technology startups with a solid vision. With its clear portfolio philosophy and the focus on specific verticals in industrial logistics segments, BOX ID is well positioned to add value to KPN’s national and international Enterprise customers. BOX ID has a strong team together with a promising market position and positive customer feedback.

Carolien Nijhuis, Executive Vice President KPN IoT & Dataservices

BOX ID has evolved from a provider of a cost-effective end-to-end solution for asset tracking in supply chains to a hardware-agnostic software company that pursues the vision of fully automating logistics processes. Strong sales growth and the recent financing round are evidence that the company is on the right track.

Christian Ziach, Principal at High-Tech Gründerfonds

BOX ID Founder team, from left: W. Vogl, S. Silberhorn, M. Piekarczyk, D. Buchinger (Photo: BOX ID)

About BOX ID Systems GmbH 
Founded in 2018 the software company offers a cloud service for industrial logistics enabling the tracking, automation, and optimization of material flows within single sites as well as across entire supply chains. The BOX ID software manages transparent and efficient fleet assets equipped with appropriate Auto-ID and/or IoT objects (e.g. LPWAN, BLE, NB-IoT, QR code, RFID).  
BOX ID provides customers with a highly scalable solution to manage and optimize complex supply chain processes in industry sectors such as Automotive, Wholesale, Healthcare, Machinery, Glass Industry, Post & Parcel. 

Press contact 
BOX ID Systems GmbH 
Ms. Eva Jubitz 
Lichtenbergstr. 8, c/o gate 
DE-85748 Garching / Munich 
Phone +49 89 219 0973 60 
Email e.jubitz@box-id.com 
Web www.box-id.com 

About High-Tech Gründerfonds
The seed investor High-Tech Gründerfonds (HTGF) finances tech start-ups with growth potential and has supported more than 700 start-ups since 2005. With the launch of its fourth fund, HTGF now has about 1.4 billion euros under management. Its team of experienced investment managers and start-up experts support young companies with expertise, entrepreneurial spirit and passion. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. To date, external investors have injected about 5 billion euros of capital into the HTGF portfolio via more than 2,000 follow-on financing rounds. In addition, HTGF has already successfully sold shares in more than 170 companies.
Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and 45 companies from a wide range of industries.  

Media contact
Tobias Jacob, Senior Marketing & Communications Manager  
T.: +49 228 82300 121
t.jacob@htgf.de

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