
Packwise Management, l. to r. Rene Bernhardt, Gesche Weger and Felix Weger
Follow-up investment:
Fresh Funding for IoT start-up Packwise from Dresden
TGFS
28 May 2024
Dresden-based Packwise GmbH GmbH continues to grow: TGFS Technologiegründerfonds Sachsen, together with Hüttenes hoch drei, is investing a seven-figure amount into the IoT start-up to support its upcoming international expansion to North America. Packwise specializes in connecting industrial packaging and offers its customers a sensor-based SaaS solution.
Packwise was founded in 2017 by Gesche Weger, Felix Weger and René Bernhardt, with a clear goal from the outset: to revolutionize supply chain management in the process industry and set new standards. And they have succeeded: Packwise has secured prominent industrial customers such as BASF, Merck and Solvay. TGFS, along with co-investors Hüttenes hoch drei and Golzern Holding, has been involved almost since the beginning and remain the lead investor in this round.
The company offers an innovative industrial IoT solution that allows customers in the chemical, pharmaceutical and food industries to gain transparency along the supply chain. The plug-and-play device Packwise Smart Cap provides new insights by capturing sensor data on location, fill level, temperature and movement of mobile liquid containers with high precision in real-time. The software platform Packwise Flow visualizes and analyzes processes for various supply chain application.
By creating a digital twin of their industrial packaging, Packwise customers gain full visibility into their entire supply chain. Using the Packwise software platform, they can model a wide range of supply chain processes. “Packwise improves production planning, ensures product quality from filling to customer withdrawal, and promotes more sustainable logistics. It enables automated reorders and facilitates new services such as vendor-managed inventory models or consignment warehouses, offering customers a significant competitive advantage,” explains Packwise CEO Gesche Weger.
Now the next growth step is on the horizon. “The past few years have proven us right; we are the market leader in Europe with our technology. The next logical step is expansion to the U.S. and Canada. Once we succeed there, South America and Asia are next on our agenda,” adds co-founder Felix Weger. He continues: “We are very grateful for the support of our investors up to this point and for their continued commitment to our company. We are excited to further scale our solution internationally from Dresden. The time is now!”
“Since our last investment, Packwise has significantly advanced its product development and opened new sales channels in North America. We remain confident in its scaling potential and see strong market demand for the Packwise solution. We are therefore particularly pleased to continue supporting the exceptionally Packwise team in this round alongside our trusted partner H3,” says TGFS Managing Director Sören Schuster about the current transaction. Packwise is one of over 100 start-ups in Saxony that the fund has supported in achieving their goals since 2008.
Your contact person
Sören Schuster | Managing Director TGFS
+49 172 2001097
soeren.schuster@cfh.de
TGFS deal team
Dr. Matthias Kalbus and Jan Thomas Alter