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Nexxiot Announces $25M Funding Round Led By Qvidtvm

Jun 08, 2021about 4 years ago

Amount Raised

$25 Million

Zurich

Description

Swiss-based big data company Nexxiot, a pioneer in global supply chain digitization, announced it will receive a new $25M funding round led by U.S. investment firm QVIDTVM, signaling the company’s continued expansion and accelerating its global growth agenda.

Company Information

Company

Nexxiot

Location

Zurich, Zurich, Switzerland

About

Nexxiot AG from Zurich, Switzerland is a driver of the digital logistics of tomorrow. The company’s goal is to enable a five percent reduction in global CO2 cargo emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes. To achieve this, the company empowers its clients to leverage the power of their data with cutting-edge technology. Therefore, Nexxiot provides an integrated solution to track, find and protect cargo from over 160 countries around the globe and across 450 network roaming partners to ensure trust, security, and efficiency. Data from more than 2.5 billion travelled miles is stored in Nexxiot’s dedicated logistics Cloud. Employees from 20 countries contribute to the success of the company. In addition to its headquarters in Switzerland, Nexxiot operates in Germany, the USA and is pursuing a global growth strategy. For more information, visit www.nexxiot.com

Funding Insights

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