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Logtec start-up Zeus nets £1.8m in angel funding spherical

PRESS RELEASE

  • The angel funding spherical comes after Zeus achieved 326 per cent development in complete quantity in 2021
  • Vital buyers embrace Ahmed Abou Hashima, former Chief Government Officer of Egyptian Metal, Jai Shroff, World CEO of UPL Ltd, and Robin Ladow, Founding father of Marl Capital and Lead Investor

UK-based logtech startup Zeus, which is modernising highway freight administration with its next-generation digital freight matching platform, has raised £1.8 million in its first-ever angel funding spherical.

The corporate, which achieved 326 per cent development in complete quantity in 2021, has now raised over £4.3 million because it was first conceived in 2019, and comes because the startup passes its two-year milestone because it was launched in August 2020. Zeus’ development additionally reached a key milestone final month after it expanded into Europe, dealing with freight routes in France, Italy and the Czech Republic for the pioneering worldwide vogue retailer Primark.

This angel spherical had participation from buyers: Robin Ladow, Founding father of Marl Capital and Lead Investor; Ahmed Abou Hashima, Chief Government Officer of Egyptian Metal; Jai Shroff, World CEO of UPL Restricted, a worldwide investor in sustainable improvement; Nick Crosby, Chief Gross sales Officer at Knowledge Methods; James Burrows, Founder and Chief Government Officer of Vertical Futures, the industry-leading vertical farming startup; Jordan’s former Transport Minister Sahel Al-Majali; and Duncan Lindsay, Founding father of Networks Centre.

Clemente Theotokis, Co-Founder and joint-Managing Director, stated: “Zeus has seen vital development since its launch. This funding will additional fund our growth into Europe, the place we’re already quickly gaining new shoppers, and the event of recent SaaS options to additional digitise our shoppers’ provide chains and speed up the trail to implementing sustainable freight.”

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Zeus now serves greater than 40 enterprise-level shoppers, together with Primark, P&G, Decathlon, AB InBev and Apollo Tyres, dealing with over 660,000 tonnes of cargo yearly price circa £6 billion.

The platform presents a close to ‘zero-touch’ strategy to managing highway freight, with full end-to-end monitoring, reconciliation and system integrations. It reduces highway freight administration for each shippers and hauliers, whereas serving to small-medium fleets develop rapidly with quick cost phrases.

Ahmed Abou Hashima, who steered Egyptian Metal to securing 25 % of Egypt’s nationwide metal manufacturing and is now one of many greatest industrial corporations within the Center East, stated: “Globally, Zeus could also be a later entrant to the freight automation sector, nonetheless they’re exhibiting a real grasp of the necessity for layers of innovation and invention meshed along with expert groups and clear strategic planning. The speedy development of the know-how and buyer base satisfied me that Zeus represents a superb imaginative and prescient for the way forward for freight, globally.”

Zeus Co-Founder and joint-Managing Director, Jai Kanwar, added: “We couldn’t be extra excited in regards to the completion of this spherical. These leaders current nice strategic worth to a fast-growing startup like Zeus as profitable enterprise minds in addition to savvy financiers. I’m thrilled about what the long run holds for Zeus now that we’ve these superb companions onboard and the possibility to make our imaginative and prescient actually come alive.”

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