ETH Zurich spinout Nexxiot has added $25m to its coffers thanks to a round led by QVIDTVM.
Nexxiot, a Switzerland-based supply-chain sensor spinout of ETH Zurich, has pocketed $25m in funding led by investment firm QVIDTVM.
Founded in 2015, Nexxiot produces internet-of-things technology that allows logistics providers to improve the efficiency of their operations through tools such as fleet management and freight monitoring.
The spinout’s long-term goal is to help reduce carbon emissions by the logistics industry globally by 5%. Its offering is already available in 160 countries and the company is currently deploying its…
