ConexBird (#Logistics #AI) Seeking €90k Investments (€60k Already Committed)

Copyright: ConnexBird Oy

ConexBird Ltd has developed a patented AI-based measurement solution to help cargo owners solve a €30B problem and save 6M tonnes of CO2. ConexBird’s clients include container terminals like DP World Dubai and ongoing projects for cargo forwarders like Kuehne & Nagel and DHL which are in the offering phase.

With a €1M pre-money valuation, ConexBird is looking to raise €90k pre-seed funding and gain shipping and logistics industry expertise from investors. The investment is needed to:

  1. The DP World Expansion plan will be realized and more equipment will be delivered to the Dubai terminal. More customers can be served.
  2. The sale of data to freight forwarders connected to the Dubai Economic Zone is ongoing and the first orders have been received.
  3. Similar project offers like DP World have been presented for Hamburg and Rotterdam ports and more orders have been received.
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In a global container cargo shipping market worth €30B, ConexBird was founded in 2013 in Jyväskylä, Finland. ConexBird is monetizing mainly through SaaS fees charged to B2B customers such as cargo forwarders, container owners, and container terminals. Revenue growth is projected to reach €3,3M by Q4 2023. ConexBird team of 3 co-founders and 2 employees combines 70+ years of commercial, shipping industry and technology expertise. 

Key USPs versus competitors like shipping metadata companies and container depots are: Currently, containers are removed from production to take them to container depots for people to inspect. This means a loss of income for the container owner, the shipping company and the freight forwarders. For example, at the moment the average waiting time for a container at the depot is about 45 days. Only ConexBird in the world can increase the profit per container by several hundreds of euros by evaluating the condition of the container and the resale value of the container without taking it out of production. There are around 25-30 million containers in the world.

ConexBird has already invested €1,3M own capital and raised €500k in grants from the Finnish government to develop its MVP, which means that, after this investment round is secured, ConexBird is fully ready for international commercial uptake.

We aim to close this pre-seed round by December 31, 2022, with some minority investors already committed to join with €60k. €5k is the minimum investment ticket size.

Teuvo Heikkilä (Founder, CEO) and the other founders are speaking with potential investors over the next few weeks and are keen to pitch, demo and open up their traction and financial plans in detail.

Get in touch with us to find out more.