HTGF backs ALS Automatic Logistic Solutions

HTGF stated it sees market potential for the automated opening of cartons and packages given the increase in e-commerce and online deliveries.

The VC usually invests €500,000 initially, followed by up to €1.5m in additional funding. It has fund commitments from companies including Deutsche Post, SAP and Bayer.

Company
ALS develops, manufactures and markets automatic package opening systems that open cartons without damaging the product. It claims its solutions are able to open 600 packages per hour. Founded in 2013, the company is based in Munich, with an additional office in Erligheim.

People
Paul Kammerschmeid is founder and managing partner at ALS. Torsten Löffler is investment manager at HTGF.

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• Topics
• DACH
• Expansion
• Industrials
• Germany
• High-Tech Gründerfonds