Warehousing1 announced an investment extension to its seed funding from existing investors.
Warehousing1, a Berlin, Germany logistics startup, announced in a press release that it received a multi-million euro extension to its seed funding.
The money was provided by existing investors. Proceeds will be used to increase functionality of its platform and get larger customers on board.
Warehousing1, founded in 2018 by CEO Nils Aschmann, Fabian Sedlmayr and Nico Szeli, aims to become a leading warehouse and distribution network, helping companies to find first-class warehouse logistics solutions anywhere, digitally manage them and efficiently optimize processes. The company now employs more than 20 people, and has already won 150+ companies as customers, including e-commerce startups and industrial and retail groups.
In 2019, Warehousing1 secured seed investment from Base10, HV Holtzbrinck Ventures and angel investors