Tech Company Financing Transactions
Fernride Funding Round
Fernride, based in Munich, secured $19 million from Munich Re/ HSB Ventures, Bayern Kapital and private investors.
Transaction Overview
Company Name
Announced On
9/20/2023
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series A
Investors
Proceeds Purpose
This offers a practical response to major industry challenges, such as the negative environmental impact of diesel logistics operations. These investors add to the strong roster of existing venture capital support from 10x Founders, Promus Ventures, Fly Ventures, Speedinvest, and Push Ventures, along with corporate investors HHLA Next, DB Schenker via Schenker Ventures, and Krone.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Joseph-Dollinger-Bogen 28 Bavaria
Munich, 80807
DE
Munich, 80807
DE
Phone
Undisclosed
Website
Email Address
Overview
FERNRIDE?is on the mission of solving two major challenges: a drivers shortage and?the huge negative impact of transportation on the environment.?With over 10 years of research and high-profile partners, such as Volkswagen, DB Schenker and B/S/H, we are delivering the future of automated logistics today.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Hendrik Kramer
Chief Financial Officer
Martin Isik
Chief Operating Officer
Thomas Bock
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Our team works diligently to report on all VC transactions involving tech companies. VC transactions reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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