German startup Conlio raises €6.4 million to automate financial operations in road freight
German company Conlio, which builds an AI-powered financial operations platform for road freight forwarders, has raised €6.4 million. The funds are meant to support expansion across Europe.
Conlio, a German technology company that develops an AI-powered financial operations platform for road freight forwarders, has announced a €6.4 million fundraise. The money is intended to fund its expansion across Europe and to speed up the automation of financial systems in the freight sector.
Who is investing
The round was led by the investment firm Piton Capital. Haufe Group Ventures also took part. The company is additionally backed by two logistics groups, including WaVe-X, which is part of WALTER GROUP.
What the company does
Conlio's platform is aimed at road freight forwarders, meaning companies that organise the transport of goods by road. The company presents its product as an AI-based tool for automating financial processes.
The announcement does not provide further details such as revenue, customer numbers or the specific countries Conlio plans to enter. The only stated goal is growth across Europe.
