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 technology across railways throughout North America.
DiaMedCare supplied $35.2m in 2019, building on a $14.7m series B-1 round backed by financial services firm Credit Suisse’s SVC unit and insurer Die Mobiliar Versicherungen earlier that same year.

Thierry Heles

Thierry Heles is the former editor-at-large of Global University Venturing and Global Corporate Venturing, and was the producer and host of the Beyond the Breakthrough podcast until December 2024.