In a new financing round, the startup Flowfox has secured 7 million euros to expand its platform for import container logistics. The round is led by Hamburg-based venture capitalist MobilityFund, which had previously invested in Flowfox already. Other existing investors are also involved.
Flowfox aims for global expansion
The startup's offering consists of an automation platform designed to enable sea freight carriers to transform their import departments into profit centres while simplifying processes for their customers. Through automation, the platform aims to reduce labour, errors and unnecessary costs while providing real-time visibility and data generation. Customers include industry leaders such as Hapag-Lloyd and Kühne + Nagel. The current financing round is not the first for the company; Flowfox already raised a seven-figure sum in July 2023.
"This funding marks a pivotal milestone for Flowfox, solidifying our way to global roll-out,” says Patrick Pehmöller, CEO and Co-Founder of Flowfox. “With the backing of MobilityFund and our existing investors, we’re set to establish the global standard for fully automated, real-time import solutions in the logistics industry and continue working on our long-term goals with a solid foundation”. Flowfox will use the investment to enhance product offerings and strengthen integrations with leading ocean carriers and importers, developing the global standard for import automation.
