Shell invested in the winner of the HyperLOG competition for the most promising logistics start-up
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InstaFreight, one of the winners of the competition for the best start-up during last year’s HyperLOG conference in Łódź, attracted a serious investor. Both companies see the investment not as a one-off financial injection, but rather as the beginning of close cooperation on further development.
The Berlin-based company InstaFreight, which came second place in the competition for the most promising start-up in the TSL sector during last year’s hyperLOG conference in Łódź, has an investor, namely Shell Ventures. After successful financing round (the amount has not been reported), companies want to work together to extend the digital offer for transport companies in Europe, we read in the official start-up announcement.
InstaFreight plans to use its funding and partnership with Shell to further accelerate the digitisation of road freight transport and the transformation of the freight market.
The start-up uses digitisation to optimise processes and increase the transparency of information in transport. In this way, the company streamlines forwarding activities and focuses on practical benefits for both forwarders and carriers. As opposed to analogue processes and traditional communication channels, which are still in place in the industry, InstaFreight offers commercial customers a digital alternative for quick and convenient transport bookings.
The freight forwarding industry is already undergoing a profound change, in which digital solutions are becoming increasingly effective and popular. We are pleased to have gained such a strong, world-renowned brand as Shell as an investor and partner. With the capital raised in this financing round, we will continue our rapid growth, further improve our technology and make our services available to even more freight forwarders and carriers across Europe,” comments Philipp Ortwein, co-founder and Managing Director of InstaFreight.