BtoV, Senovo lead €2.5m round for logistics startup Synfioo

BtoV deployed capital from its Industrial Tech Fund, which was launched in 2017 with a target of €100m and held a second close on €80m in February 2019.

Previous backers BFB Brandenburg Kapital and HPI Seed Fund also took part in the investment.

Synfioo intends to use the fresh capital to further grow its business, boost its expansion and scale up its team.

Previous funding
Synfioo received seed funding from BFB Brandenburg Kapital, HPI Seed Fund and business angels in June 2017.

Company
Founded in 2015 and headquartered in Potsdam, Synfioo provides a cloud-based platform for real-time transportation monitoring and logistics. Its AI-based algorithm is able to calculate possible sources of disruption on the transport route by analysing large amounts of data and taking into consideration traffic, congestion, security controls, strikes and bad weather conditions. It sends real-time disruption notifications and predicts an estimated time of arrival for stopovers and destinations.

People
Synfioo – Marian Pufahl (CEO).
BtoV Partners – Benedikt Kronberger (partner).
Senovo – Alexander Buchberger (partner).

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