Renens, Switzerland, Nov 13, 2023 // Swiss-based technology company, Hive-Zox raises CHF 3M in a Pre-Series A Funding Round to transform logistics product tracking and monitoring. The financing round was led by TAG Group, Monte Carlo Capital, and Anker Capital, demonstrating strong confidence and interest in Hive-Zox’s potential to optimize supply chains and logistics.
“TAG Group is excited to lead this funding round. We believe in Hive-Zox’s potential to drive efficiency and innovation in supply chain management, and we look forward to collaborating closely as we enter this transformative phase of growth.”
Akram Ojjeh, Senior Vice-President, TAG Group
Hive-Zox aims to enhance the delivery of real-time data intelligence on products and shipments across supply chains. This enables companies to make informed decisions and optimize their operations. With this investment, Hive-Zox plans to expand its customer base across Europe, the United States, and Asia, accelerate product development, and launch innovative solutions that will reinforce its position as a leader in providing real-time data intelligence across logistics and supply chains.
“We are thrilled by the strong support and enthusiasm shown by our current and new investors,” said Charles Bourbonnais, CEO and Co-Founder of Hive-Zox. “This financing round allows us to continue delivering exceptional value to our customers and sets a solid foundation for our Series A in 2024. It also paves the way for our global expansion.”
Hive-Zox has started its commercialization phase with Pfizer as its first pharmaceutical manufacturing client. This milestone allowed them to undergo comprehensive validations, obtain necessary certifications, and pass the highest data security checks.
In recent years, Hive-Zox has gained recognition for its innovative technology and industry leadership. The prestigious Tech4Trust Season 5 cohort on Digital and Cybersecurity has selected the company. In addition, it was awarded the Emerging Tech award at the World Innovation Economics in Davos earlier this year. Furthermore, Hive-Zox has received the Seal of Excellence from EU Horizon 2020, and is part of the Plug and Play Tech Center Ecosystem. Hive-Zox will also take part to the TechTour events of 2023.
Hive-Zox is a technology company specializing in real-time data intelligence in logistics and supply chains. Their innovative solutions provide businesses with timely and accurate information on their products and shipments. They empower them to optimize their operations and make data-driven decisions.
TAG Group is a family-owned holding company with interests in automotive, motorsports (https://www.mclaren.com/), logistics, hospitality, and consumer products. Historically, they were the owners of TAG Heuer and TAG Aviation.
Monte Carlo Capital is a Monaco-based Early-stage VC, led by former investment banker Ian Sosso, Solo GP. Monte Carlo Capital also formerly won the EBAN “Best European Angel Investor” award.
Jonas Anker, Managing Partner at Anker Capital AG, and Investor of Hive-Zox, comments: “Anker Capital AG is an early-stage venture investor . We typically engage in B2B SaaS deals, operating in niche markets with great scalability. We invest in teams and ideas that have the intention and potential to transform an industry using technology as its core. Therefore, backing Hive-Zox ticks all our boxes. We are very excited to be on this journey with a world-class team.”
For more information about Hive-Zox visit: www.hive-zox.com
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