Stowlog, a SaaS platform developed by Castellón-based expertise consulting agency Estudio Cactus, has closed a €1 million funding spherical to speed up the digitisation of security and safety processes throughout port logistics operations.
The spherical was led by Draper B1, a enterprise capital fund affiliated with the Draper Enterprise Community, with participation from First Drop and the Castellón-based expertise group Cuatroochent.
“This funding is a key step in consolidating Stowlog as an internationally recognised resolution. The backing of Draper B1, along with First Drop and Cuatroochenta, validates each the product and the staff and can enable us to speed up our world growth,” stated Pablo Aguirre, CEO and co-founder of Stowlog.
Stowlog was launched in 2023 as a modular SaaS that permits port terminals, logistics amenities, and intermodal hubs to enhance operational effectivity and cut back dangers by digitising crucial safety processes, entry management, customer administration, contractors, and real-time geolocation.
Stowlog utilises real-time knowledge, geolocation monitoring, and 3D visualisation to offer port amenities with visibility into on-site exercise, together with personnel presence, lively procedures, and potential threat areas.
The platform is at the moment deployed at logistics amenities and terminals in additional than 15 international locations throughout 4 continents, together with websites operated by Maersk, APM Terminals, CMA CGM, and COSCO Delivery. It’s used at ports in New York, Miami, Los Angeles, Lázaro Cárdenas (Mexico), Gothenburg (Sweden) and Onne (Nigeria), amongst others.
The funding will likely be used to drive Stowlog’s worldwide development. The corporate goals to develop its staff, evolve the product, and increase its presence in new strategic markets, particularly in Europe and North America.
Raquel Bernal, Managing Associate Director at Draper B1, commented, “Stowlog is a type of firms the place their confirmed execution has been key to our resolution to take a position. Their wonderful execution entails a staff that is aware of the sector and has an amazing diploma of dedication and resilience.
“We’re satisfied that their development potential, along with the help of our worldwide community, make an ideal combine to ensure sustained worth creation over time and the consolidation of Stowlog as a benchmark in its vertical on a global scale.”
