# Customs4trade NV

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/customs4trade

- Industry: Software
- Headquarters: Zemst, Belgium
- Website: www.customs4trade.com
- Total disclosed funding: $25M
- Latest round: Series C (Jun 28, 2021)
- Investors on record: 4

## About

Based in Belgium, Customs4trade NV is a software company specializing in automated customs compliance solutions that enhance operational efficiency for multinational enterprises.Customs4trade NV, founded in 2004 in Zemst, Belgium, offers a range of automated customs compliance solutions. The company has completed 5 deals, with the most recent on April 19, 2023, raising EUR 4 million from investors including 42Cap and Hi Inov - Dentressangle. The company is led by CEO Rupert Spiegelberg and was co-founded by Ilse Vermeersch and Pieter Haesaert.Customs4trade provides automated customs compliance solutions through its Customs Automation System (CAS), facilitating zero-touch customs compliance and automated filing of customs declarations. The CAS supports Special Procedures management, excise management, AI-driven product classification, and advanced analytics. The company primarily serves clients in automotive, FMCG, food manufacturing, and retail sectors, with products marketed in Europe and internationally.In 2023, Customs4trade reported revenue of EUR 6,315,748.50 with an EBITDA of EUR -1,821,869.50, primarily generated through subscription models for its CAS offerings.Following its recent funding round in April 2023, Customs4trade intends to utilize the EUR 4 million raised to expand its business across the UK and Europe. The company is focusing on enhancing its product offerings and exploring new market opportunities to support its growth strategy.

## Funding rounds

- Series C, Jun 28, 2021, $19M — Hi Inov - Dentressangle, 83 North, The 10x Group, 42Cap
- Series B, Dec 13, 2019, $3.3M — Hi Inov - Dentressangle, The 10x Group, 42Cap
- Series A, Jan 28, 2019, $2.3M — The 10x Group, 42Cap

## Investors

- The 10x Group (https://capitalatlas.ai/funds/the-10x-group) — Series A, Series B, Series C
- 42Cap (https://capitalatlas.ai/funds/42cap) — Series A, Series B, Series C
- Hi Inov - Dentressangle (https://capitalatlas.ai/funds/hi-inov-dentressangle) — Series B, Series C
- 83 North (https://capitalatlas.ai/funds/83-north) — Series C