Smartlane, a Munich-based SaaS startup that offers AI-based solutions for optimized transport planning, announced that it secured over €6 million in a Series A round of funding.
New investor JOVA Direkt Invest GmbH and existing investors pitched in a combined €4.5 million, while the remaining €1.7 million came from EU support funds as a part of the European innovation promotion program.
The fresh capital will allow Smartlane to expand its team and accelerate product development towards enabling autonomous logistics systems to fully manage the dispatch process.
Company: Smartlane GmbH
Round: Series A
Funding Month: January 2022
Lead Investors: JOVA Direkt Invest GmbH
Company Website: https://smartlane.de/
Software Category: AI-powered transport optimization
About the Company: Founded by Dr. Mathias Baur, Monja Mühling, and Florian Schimandl in 2015, Smartlane is the leading provider of an AI-based SaaS solution for digitizing, automating, and optimizing transportation planning. Smartlane has developed an AI-based software, “Smartlane Transport Intelligence,” for transport optimization in the logistics industry. The company’s software digitalizes the time-consuming manual dispatching and transport planning process in part-load distribution logistics. It can put up to 21 percent more shipments on the road while cutting costs, reduce planning time by up to 90 percent, and shrink the CO2 footprint by optimizing resource utilization. At present, the company’s customers include numerous part-load distribution SMBs, including several members of the Cargoline network. The company is backed by various investors, including Frank Thelen, Ideenschaft Invest, F-LOG Ventures, Ippen. Media and MobilityFund.