Nexiot checks in series B funding

Jan 24, 2019 • Callum Cyrus

ETH Zurich-founded smart logistics spinout Nexiot has won backing from Credit Suisse and Die Mobiliar Versicherungen as it aims to secure additional international business for its products.

Nexiot, a Switzerland-based logistics digitisation technology spinout from Eidgenössische Technische Hochschule (ETH) Zürich, has attracted €13m ($14.7m) in series B funding, Tech.eu reported on Tuesday.
The round included insurer Die Mobiliar Versicherungen and SVC, a venture capital vehicle for financial services firm Credit Suisse. Nexiot does not appear to have disclosed details of its earlier funding.
Formed in 2015, Nexiot develops internet-of-things products and services that provide logistics clients with more effective control of their operations.
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