Germany-based food logistics service provider Fliit secured €10m ($11.2m) in a series A round late last month that included shipping, transport and energy group AP Moller – Maersk, EU-Startups has reported.
The round included investment firm Berlin Technologie Holding and Alstin Fund II, a growth equity fund managed by investment firm Maschmeyer Group. AP Moller-Maersk took part through its corporate venturing subsidiary, Maersk Growth.
Founded in 2016, Fliit has created an online platform that provides end-to-end supply chain services to food producers in Germany, aggregating transportation options.
In addition to further developing its digital platform, Fliit will use the series A funding to support its expansion outside its home country. It had previously received $1.6m from IBB Beteiligungsgesellschaft and VC Fonds Kreativwirtschaft Berlin in April 2017.
Maersk Growth partner Jeppe Høier told EU Startups: “We liked the focus on a special vertical, food logistics, and we are impressed how well the team blends year-long expertise in logistics with technology to build a great platform ready to scale across Europe, that supports our overall integrator strategy.”