- HV Holtzbrinck Ventures and Silicon Valley VC Base10 Partners substantially increase their investment in Berlin logistics start-up
- Warehousing1 simplifies outsourcing of warehouse and distribution logistics via its platform
- Fresh capital will be used for further development of software and acquisition of key accounts
Berlin, 24. March 2020 - The Berlin-based logistics start-up Warehousing1 has recorded strong growth since the Seed Round in September last year. The existing investors HV Holtzbrinck Ventures and Base10 Partners show high satisfaction with this development and are now substantially increasing their investment. With Discovery Ventures, the vehicle of Zeitgold founders Jan Deepen and Stefan Jeschonnek, and the founders of the digital freight forwarder sennder David Nothacker, Nicolaus Schefenacker and Julius Köhler, all other investors in the Seed Round are also joining in.
The young start-up company was able to multiply its monthly turnover in a very short time by adding a cloud-based platform to its existing offering. Warehousing1 proposes companies a central channel to find suitable storage space and corresponding services for handling warehouse processes and now employs more than 20 people. Among the over 150 customers of the Berlin-based company are e-commerce start-ups as well as large industrial and commercial groups, who have been convinced by the flexibility of Warehousing1's offer.
Projects are handled by a broad partner network of small and medium-sized logistics service providers and can therefore be individually tailored to the project requirements of different customers. The possibility of managing different locations and service providers via a central digital channel, for which Warehousing1 has developed its cloud-based platform, is becoming increasingly important.
In order to expand further platform functionalities even faster and also to bring new major customers on board, the existing investors have already provided additional funds less than six months after their initial funding. And this despite the fact that Warehousing1 has by no means used up its seed capital.
"The rapid development over the last few months impressed us and we have quickly seen that Warehousing1 has the potential to be the European market leader in the warehouse logistics category. We are therefore very pleased to intensify our successful cooperation," says Christian Saller, General Partner at HV Holtzbrinck Ventures.
Especially compared to intralogistics, which involves renting space over a fixed contract period or even building or purchasing your own warehouse, Warehousing1 enables a much more flexible and cost-efficient set-up. For example, customers can set up different sales locations, which are invoiced variably depending on capacity utilisation, rented centrally via the Warehousing1 platform and managed digitally. This means that capacity can be flexibly expanded, for example in the event of seasonal fluctuations in storage requirements, and the customer only pays for the space actually used.
"We were very pleased that at the beginning of the year all investors were so satisfied with our progress that they offered to provide a significantly higher amount of additional capital" says co-founder Nils Aschmann. "We see the follow-up investment as an absolute vote of confidence and are ready to tackle the next exciting growth phase with full vigour".
Warehousing1 is building the leading warehouse and distribution network in Europe. Companies can use the innovative platform to find suitable warehouse logistics solutions in any location, manage them digitally and optimize processes efficiently. Via a broad network of first-class warehouse locations, Warehousing1 offers flexible and scalable solutions in the field of warehouse and contract logistics as well as e-commerce fulfillment. Founded in 2018, the Berlin start-up has already won numerous companies as customers and the support of renowned investors.
About HV Holtzbrinck Ventures
Since 2000, HV Holtzbrinck Ventures has invested in Internet and technology companies through various generations of funds and is one of the most successful and financially strongest early-stage and growth investors in Europe. HV has already invested in more than 165 companies, including Zalando, Delivery Hero, FlixMobility and Scalable Capital. The total of all HV funds amounts to € 1.05 billion. HV supports start-ups with capital between € 500,000 and € 50 million and is thus one of the few venture capitalists in Europe that can finance start-ups through all growth phases.
About Base10 Partners
Base10 is a San Francisco-based early-stage investor that invests in the automation of the real economy. Founded by Adeyemi Ajao and TJ Nahigian, the venture capitalist focuses on automation, which influences various sectors of the real economy, such as mobility, logistics or industrial production. Notable companies in their portfolio are ThePillClub, Shipwell, Reflektive and Wonolo. The current investment fund has assets under management of 137 million dollars.