Brandenburg Kapital - News about Synfioo GmbH
Portfolio company Synfioo has been acquired by project44
Potsdam - April 2022. Brandenburg Kapital, the VC arm of Brandenburg's development bank ILB, successfully sold its shares in Potsdam-based Synfioo GmbH to project44, the world's leading transportation visibility platform, in March of this year.
Synfioo operates a software platform for real-time monitoring of transport chains. Logistics firms and their customers thus have an overview of transport progress, arrival times and disruptive influences at all times.
As an early-stage investor in 2017, Brandenburg Kapital already invested in Synfioo as part of a seed financing. By acquiring the market leader, the Synfioo solution will become available to an even larger circle of users, thereby globally enhancing the potential of the technology, says Sebastian Bertram, responsible investment manager at Brandenburg Kapital.
For more information on project44, visit: www.project44.com
Read the full press release here: https://www.project44.com/press-releases/project44-acquires-synfioo
About Brandenburg Kapital GmbH/ ILB
Brandenburg Kapital GmbH is a subsidiary of the Investitionsbank des Landes Brandenburg (ILB). Since 1993, as the venture capital arm of ILB, it has supported Brandenburg-based companies by acquiring equity stakes and equity-like investments. As a public venture capital company, experienced lead investor and active partner, Brandenburg Kapital ensures a strong equity base for start-ups and small and medium-sized enterprises in the State of Brandenburg on the basis of a stable group environment. The Early-stage and Growth Fund is currently available in the amount of around 100 million euros for this purpose. The funds for the Brandenburg Kapital fund, which was set up on behalf of the Brandenburg Ministry of Economics, are currently provided by the European Fund for Regional Development and by the ILB. Through ILB's investment activities, 244 companies have so far been supported on their growth course with around 275 million euros. In addition, private investors have invested more than 600 million euros in the companies to date.
For further information, visit: www.brandenburg-kapital.de