Vienna-based growth finance investment fund Round2 Capital is adding another scale-up to its portfolio. Logsta, the Austrian logistics company with a technology background founded in 2017, improves the efficiency of logistics processes with its highly innovative IT platform. The Leobersdorf-based company, which has warehouses in Austria, Germany, the UK and the USA, was able to win the European pioneer for revenue-based financing as an investor and secure 7-figure investment. The logistics scale-up with over 860 international customers, such as NEOH and Novritsch, plans to use the additional capital to drive its international expansion and further develop its IT platform.
The European pioneer in the field of revenue-based financing, Round2 Capital, has a new family Member. Logsta, the logistics company with a technology background founded in 2017, received a 7-figure financing from the Vienna-based investment fund for growth financing in January. Round2’s financing model is significantly more accessible than bank loans while offering more favourable terms than venture capital. It is a simple, transparent and flexible financing instrument that offers non-dilutive financing against revenue sharing up to a predefined cap. The advisor for this growth financing was i5Invest, who see this as an important step for Logsta in terms of scaling and internationalisation.
Round2 is currently very active in the market and has just signed another financing with Swiss edtech and eLearning company Avallain in December 2020. The Vienna-based investment fund is on the lookout for growth-stage tech and software companies with seven-figure revenues, and this is where Logsta fits in perfectly. Founded in 2017 by Georg Weiß, Christoph Glatzl and Dominik Bieringer, the start-up has over 860 international customers and over 2 million products in its warehouses. The logistic scale-up has as its target group those companies that want modern and scalable logistics and are too small or too expensive to handle for classic logistics companies and would like to expand worldwide – this includes many start-ups, SMEs and individual entrepreneurs who simply have too high digitalised requirements for classic logistics. Logsta offers them uncomplicated and customised logistics services from a single source at fair prices. This includes innovative IT tools, warehouse locations in the USA, Germany, Austria and England, fast support for worldwide transports, a modern fulfilment solution and favourable shipping conditions. In addition, customers can control and check their logistics worldwide free of charge with the specially developed Logsta Connector, such as 24/7 stock check, expiry date management and batch management as well as insight into the status of the order and much more.
With the fresh capital, the three founders want to expand further. The company has set its sights on France, among other countries, as a potential target market. But further new customer acquisition in existing countries and product development are also on the agenda for 2021.
“We have found the ideal partner for us in Round2. They convince with their unique flexible financing solution, which gives us the chance to accelerate our growth and conquer more international markets,” say the founders of Logsta.
Christian Czernich, CEO and Co-Founder Round2 Capital Partners: “We are impressed by the dynamism and ingenuity of the Logsta team. The founders have managed to build a highly innovative and now globally active company in a short time without external financing. Logsta’s digital logistics solutions enable both large and small companies to get their products sold online to the end customer quickly, reliably and cost-effectively.”
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