Kizy Tracking announces a Series A funding

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13.03.2017
Kizy Founders

Kizy Tracking’s low cost B2B tracking system is successful: revenues tripled in 2016. The company will use the funds from the financing round to launch its new generation tracker and platform and accelerate international growth.

The Series A round was led by Jari Ovaskainen, one of Europe’s leading business angels, with additional funds coming from Geneva-based Preon Capital Partners. They join the existing investors from Business Angels Switzerland. Jari Ovaskainen is a Finnish business angel. Since 2000, Mr. Ovaskainen has worked and invested in startup companies, mainly in Europe. He is a member in Finnish Business Angels Network (FiBAN), and was elected “the Finnish Business Angel of the Year 2013”. In 2014, Jari Ovaskainen was also awarded with the title of “European Business Angel of the Year”.

Kizy’s trackers and platform are used by tens of international logistics companies, shippers and consulting firms around the world to collect valuable data about the actual state and performance of their global supply chains. The company, which multiplied its revenues by 3 in 2016, is often cited by experts in the supply chain community as a disrupting solution for international logistics operations. Founded in 2014 by Torsten Wilm, Alexandre Luyet, Ruud Riem-Vis, Bertrand Spath (picture, left to right) - experienced professionals in logistics, micro-electronics and telecommunications - Kizy Tracking today employs 10 people out of its offices in Neuchâtel (Switzerland) and Taipei.

Ruud Riem-Vis, Kizy Tracking’s CEO said: "With an impressive track record and international network, Jari Ovaskainen and Preon Capital Partners are ideal partners as we continue to scale our business. We’re excited to have investors on board that provide us not only capital, but also strategic experience and deep knowledge of the supply chain industry."

(Press Release)

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