We are thrilled to share exciting news from our investor TGFS Technologiegründerfonds Sachsen!
Packwise continues to grow, as TGFS, together with Hüttenes³ GmbH, has invested a seven-figure sum in our IoT company to fuel our international expansion into North America. This investment marks a significant milestone in our journey to revolutionize supply chain management in the process industry.
At Packwise, we specialize in networking industrial packaging, offering customers a sensor-based SaaS solution. Our Packwise Smart Cap provides real-time, precise data on location, fill level, temperature, and movement of mobile liquid containers. The Packwise Flow software platform visualizes and analyzes supply chain processes, enabling businesses to optimize operations, improve efficiency, and gain critical insights for various applications.
Since our founding in 2017 by Gesche Weger, Felix Weger, and Rene Bernhardt, our vision has been clear: to transform supply chain management with cutting-edge IoT technology. Over the years, we’ve successfully partnered with industry leaders such as BASF, Merck, and Solvay. With the continued backing of TGFS, Hüttenes³, and Golzern Holding GmbH, we are now taking the next step towards global expansion.
Felix Weger, Co-Founder of Packwise, emphasized:
"The past years have validated our technology, making us the market leader in Europe. Our next logical step is to expand into the USA and Canada, with South America and Asia to follow. We are grateful for our investors' continued support and are eager to further internationalize our solution from Dresden."
Soeren Schuster from TGFS shared his perspective:
"Packwise has made significant strides in product development and opened new sales channels in North America. We remain convinced of the scaling potential and market demand for Packwise's solution. We are thrilled to continue supporting the excellent Packwise team in this round, alongside our trusted partner H³."
This investment underscores the confidence our investors have in Packwise’s technology, market position, and future growth potential. We are excited for this next phase and look forward to expanding our smart industrial packaging solutions to global markets.
Read the full press release here!
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