Vienna-based logistics and warehousing start-up, Storebox, has just raised EUR52 million in a series B investment round.
The new investors are mostly international, and include Activum SG, Attila Balogh, Kineo Finance, n3K Holding, Senger-Weiss, Wicklow Capital and Wille Finance. Existing investors Romulus (Hansi Hansmann) and APIC Investments also participated in the round.
The Storebox founders Johannes Braith (CEO), Ferdinand Dietrich (CCO) and Christoph Sandraschitz (CTO) are embarking on a broad internationalisation into European markets. The strategy is two-fold: first, ground-level business premises and unused spaces in secondary locations will be converted into urban multifunctional warehouses that can be rented by both business and domestic customers of Storebox.
Storebox’s franchise model will also contribute to the company’s further growth – a strategy which has convinced a wide range of international investors to join the Series B financing round.
Read more/Source: Private Equity Wire
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