Existing investors including Credit Suisse (SVC) are amongst the companies backing digital supply chain solution provider Nexxiot AG
Hamburg/Zurich, 22 January 2019 – Nexxiot AG, an enabler of logistics digitisation, is poised for further growth after securing a CHF15 million (USD15.5 million) investment Round Series B-1.
SVC Ltd for Risk Capital for SMEs, an investment vehicle of Credit Suisse in Switzerland, is among the companies backing the Zurich-headquartered tech company, along with leading Swiss insurance company Mobiliar Versicherungen, which previously invested in Nexxiot.
Nexxiot will continue to develop new technology for the logistics industry, to further scale its team, and expand its commercial activities internationally.
“The additional investment from a range of companies in Nexxiot AG is a vote of confidence in our mission to develop unique solutions to drive global logistics digitisation.” said Marcel Scheurer, Chief Financial Officer (CFO), Nexxiot AG.
“This development highlights our growing global success story and strengthens our leadership position in enabling the digital supply chain with true end-to-end solutions, in order to increase efficiency, as well as generate additional revenue streams and increase value for our clients and partners.”
Nexxiot was launched in 2015 and is a spin-off company from ETH Zurich, one of the world’s top technical universities, and is the result of over 10 years of research in connectivity, complex systems, big data algorithms and ultra-low-power embedded technology.
The company has expanded rapidly since its founding, quadrupling its team in size and last year opened new offices in Hamburg, Germany, and Dallas, USA, with further ongoing international expansion plans.
About Nexxiot AG
Nexxiot AG, headquartered in Zurich, Switzerland, is a pioneer and industry leader in the development and delivery of digital supply chain management solutions. It is a spin-off of ETH Zurich, one of the world's leading technical universities. Founded in 2015, the company can rely on more than ten years of research in the areas of complex systems, big data algorithms and ultra-low power embedded technology. Three successful investment rounds enable the company to pursue ambitious global expansion plans. In addition to its headquarter in Switzerland, the company has offices in Germany and the USA.
More information can be found at www.nexxiot.com