BayBG et al. invest €3.1m in CargoGuard

The fresh capital will allow CargoGuard to develop new products, expand the organisation and strengthen its technological edge.

Among the former investors are High-Tech Gründerfonds, Bayern Kapital, Landgraf Management Advisors, VHR Verwaltungsgesellschaft, Tschunke Beteiligungs GBR, MySpace and CargoGuard's management.

Company
CargoGuard is a provider of secured logistic solutions. The company is based in Munich and was founded in 2007. Its customers include logistic firms such as DHL, UPS and DB Schenker. The business also cooperates with technology companies such as Bosch.

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• Topics
• DACH
• Expansion
• Technology
• Now researching
• Germany
• Bayerische Beteiligungsgesellschaft mbH (BayBG)