Stowlog, a SaaS platform dedicated to digitizing port logistics, has successfully secured €1 million in a recent investment round. Led by venture capital fund Draper B1, the funding is set to accelerate the company's mission of enhancing safety and security processes in port operations worldwide. This strategic capital infusion will fuel Stowlog's international expansion and product development efforts, marking a significant step in its growth trajectory.
A Strategic Investment for Global Expansion
The funding round was spearheaded by Draper B1, an affiliate of the Draper Venture Network, with notable participation from First Drop and technology group Cuatroochenta. Pablo Aguirre, CEO and co-founder of Stowlog, stated that the investment is a key step in consolidating the platform as an internationally recognized solution. He emphasized that the backing validates their product and team, enabling them to accelerate their global growth strategy.
Innovating Port Security and Operations
Launched in 2023, Stowlog operates as a modular Software-as-a-Service platform designed for port terminals, logistics facilities, and intermodal hubs. Its core function is to improve operational efficiency and mitigate risks by digitizing critical processes. These include security protocols, access control, visitor and contractor management, and real-time asset tracking to create a safer environment.
The platform leverages advanced technology to provide comprehensive oversight of port activities. By utilizing real-time data, geolocation tracking, and sophisticated 3D visualization, Stowlog offers facility managers unprecedented visibility into their operations. This allows for the precise monitoring of on-site personnel, active procedures, and potential risk areas, enhancing situational awareness.
Proven Success and Market Penetration
Stowlog has already established a significant international footprint, demonstrating its value and scalability in the competitive maritime logistics sector. The platform is currently deployed at facilities in more than 15 countries across four continents. Its client roster includes industry giants such as Maersk, APM Terminals, CMA CGM, and COSCO Shipping, underscoring its industry-wide acceptance.
The company's technology is actively used in some of the world's busiest and most critical maritime hubs. Prominent deployments include major ports in the United States like New York, Miami, and Los Angeles. Its global reach also extends to key terminals such as Lázaro Cárdenas in Mexico, Gothenburg in Sweden, and Onne in Nigeria.
Investor Confidence and Future Outlook
Investor confidence in Stowlog is rooted in its demonstrated performance and experienced leadership. Raquel Bernal, Managing Partner Director at Draper B1, highlighted the company's proven execution as a key factor in their investment decision. She praised the team's deep sector knowledge, commitment, and resilience as foundational elements for its continued success and growth potential.
The newly acquired capital is earmarked for strategic growth initiatives aimed at scaling the company's operations. Stowlog plans to expand its team, enhance its product features, and penetrate new strategic markets. The primary focus for this expansion will be on strengthening its presence across key regions in Europe and North America.
This €1 million investment marks a pivotal milestone for Stowlog, significantly bolstering its capacity to revolutionize safety and efficiency in port logistics. With the robust backing of prominent investors and a proven, globally adopted platform, the company is poised for accelerated growth. The funding will empower Stowlog to continue its innovation and solidify its position as a leader in the industry.