We are excited to share the news from our investor TGFS!
Packwise continues to grow: TGFS Technologiegründerfonds Sachsen, together with Hüttenes³ GmbH, has invested a seven-figure sum in our IoT company to support our international expansion into North America.
Specializing in the networking of industrial packaging, Packwise offers 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 for various applications.
Since our founding in 2017 by Gesche Weger, Felix Weger, and Rene Bernhardt, our goal has been to revolutionize supply chain management in the process industry. We’ve successfully partnered with major industry clients like BASF, Merck, and Solvay. TGFS, along with Hüttenes³ and Golzern Holding GmbH, has been with us almost from the start and remains our lead investor in this round.
Felix Weger, our Co-Founder, stated, "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 added, "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."
Read the full press release here!