Trading conglomerate Itochu was among the investors in supply chain IoT technology developer Traxens’ round, which follows a strategic partnership and equity deal agreed with Maersk last month.
Traxens, a France-based provider of internet-enabled shipping container monitoring systems, completed a €20m ($22.4m) series C round yesterday with the backing of trading conglomerate Itochu Corporation.
The round was led by government-owned investment bank Bpifrance and also featured fund manager Supernova Invest’s Crédit Agricole Innovations et Territoires Fund, which is backed by financial services group Crédit Agricole.
Founded in 2012, Traxens provides data monitoring services to the shipping container transport industry using its internet-of-things (IoT)-enabled tracking technology. The platform provides…
