Logmore completes a €4.5M Series A investment round led by NordicNinja VC

Finland Investments 28 April 2020
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Logmore, a Jyväskylä, Finland-based company developers of data logging for shipping, announced that it closed a 4.5 million euros ($5M) Series A equity investment round.

The round was led by NordicNinja VC, and included financial contribution from Icebreaker VC, Trind Ventures, Tekton Ventures, and Jaakkoo-Taara.

The proceeds will be used for scaling up operations and expand across North America, Asia, and Europe.

Logmore, founded in 2018 by CEO Janne Juhala, developed a cloud service built around a novel dynamic QR code tags which measure temperature, humidity, light, shocks, and tilt of shipped goods such as food and pharmaceuticals. Each new measurement refreshes the QR code to embed the data into it.

The company launched the product in March 2019, and since then it's been in use by 150+ customers.

Prior to this round, Logmore raised a total of €1.3 million ($1.5M) in funding.