# SmartLoC

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

- Industry: Software
- Headquarters: Bad Oldesloe, Germany
- Website: www.smartloc.link
- Total disclosed funding: $2M
- Latest round: Seed (Mar 21, 2024)
- Investors on record: 5

## About

Based in Bad Oldesloe, Germany, and found in 2021 by CEO Britta Balden, COO Thomas Kuhlke, and CSO Alessandro Vaglini, Smart Letter of Credit GmbH trading under the name SmartLoC, operates as a financial technology company that focuses on providing trading solutions, payment solutions, IoT (internet of things) backed tracking, and supply chain management solutions. In June 2024, SmartLoC raised EUR 1.8 million in seed funding led by High-Tech Gründerfonds, with participation from Loggerhead Ventures and MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein mbH.

The company provides a payment platform that facilitates contract creation and negotiation, real-time shipment monitoring, and secure payments. SmartLoC also offers a Shipment monitoring service that provides real-time tracking and insights for shipments by utilizing specific IoT devices with sensors, which helps in monitoring various parameters such as temperature, humidity, container door openings, and shocks/vibrations. In addition, the firm provides supply chain intelligence services by leveraging shipment monitoring data to optimize logistics operations.

The company plans to use its proceeds from June 2024 funding to accelerate the development of its platform and scale the business.

## Funding rounds

- Seed, Mar 21, 2024, $2M — High-Tech Gruenderfonds, MBG Schleswig-Holstein, MS Beteiligungs- und Vermögensverwaltungs-GmbH, Loggerhead Ventures, Qint Software GmbH

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- MBG Schleswig-Holstein (https://capitalatlas.ai/funds/mbg-schleswig-holstein) — Seed
- MS Beteiligungs- und Vermögensverwaltungs-GmbH — Seed
- Loggerhead Ventures (https://capitalatlas.ai/funds/loggerhead-ventures) — Seed
- Qint Software GmbH — Seed