Dresden-based industrial IoT startup Packwise has secured an injection of seven-figure growth capital to fuel its international expansion and push the limits of its container monitoring platform.
The funding round saw the continued support of existing backers TGFS Technologiegründerfonds Sachsen and Hüttenes³, while bringing new investor SBG – Sächsische Beteiligungsgesellschaft on board through the RegioInnoGrowth (RIG) programme.
“This financing is a decisive milestone for Packwise. It enables us to consolidate our market position in Europe while significantly expanding our presence in North America. We are delighted with the confidence shown in us by our existing investors – and particularly pleased about the new investment by SBG as part of the RegioInnoGrowth program (RIG), which specifically supports growth-oriented technology companies such as Packwise,” says Gesche Weger, Managing Director of Packwise GmbH.
Founded in 2017 in Dresden, Packwise has carved out a niche in the digitalisation of intermediate bulk container (IBC) logistics. Its solution hinges on the Packwise Smart Cap, a plug-and-play IoT sensor that collects real-time data on location, fill levels and environmental conditions of industrial containers.
Paired with the company’s Packwise Flow software platform, the system forms a digital twin of supply chain activity, enabling better oversight, predictive analytics, and more sustainable container management practices.
The new funding will be directed towards three strategic pillars:
- Further development of the Packwise Flow platform
- The launch of new sensor variants tailored to specific container types such as steel drums and ISO tanks
- A substantial expansion of the company’s Houston-based US office.
The goal is to strengthen its presence in North America while consolidating its market share across Europe, where it already counts BASF, Merck, Solvay and Hoover among its 50-plus clients.
“With our participation in the ‘Innovation capital Saxony’ initiative, we want to specifically strengthen forward-looking business models such as Packwise’s, support them in their transition to the scaling phase, and further promote Saxony as a location for innovation. We are very pleased to be supporting a company whose technology has the potential to set new standards in industrial logistics,” adds Frank Tappert, Managing Director of SBG.
Long-time backer TGFS, which has supported Packwise since 2018, sees the startup’s progress as a textbook case of Saxony-born innovation scaling on a global stage.
“Packwise is an outstanding example of a growth-oriented technology company from the region that impresses with its scalable business model, technological excellence, and international appeal. By combining funds from existing investors such as TGFS and Hüttenes³ with RIG funds, we can invest specifically in growth-promoting measures and thus sustainably increase competitiveness,” adds Sören Schuster, Managing Director of TGFS.
As Packwise charts its next phase of expansion, the funding round solidifies its ambition to redefine container logistics through data, automation, and actionable insight — all underpinned by a robust industrial IoT stack.