The Hamburg-based startup KONVOI, a spin-off from the Hamburg University of Technology (TUHH), has successfully closed a seven-figure funding round. The round was led by 1750 Ventures, the investment arm of VGH Versicherungen. Existing investors, including Wolfgang Reuter, Elke Heidrich-Lorsbach, and Michael Lorsbach, as well as other business angels, also participated again.
Founded in 2020, KONVOI specializes in developing a preventive, sensor-based security solution. This technology helps logistics companies prevent theft and damage to their vehicle fleets while reducing operational inefficiencies. By combining hardware with data-driven analysis, KONVOI enables early risk detection and mitigation.
Innovative Solution Against Cargo Theft
With support from Startup Port, KONVOI was able to leverage a strong network and extensive resources to further develop its innovations. Heinz Luckhardt, co-founder and CEO, commented:
“The successful closure of this funding round is a great validation of KONVOI’s approach to generating new data with proprietary hardware, addressing a wide range of challenges faced by logistics companies.”
Capital for Growth and Customer Success
The fresh capital will be primarily invested in data science, sales, and customer success, enabling the startup to optimize its offerings and respond more flexibly to larger customer demands.
Strong Partners for a Successful Future
The renewed commitment from business angels and the support from 1750 Ventures underscore confidence in KONVOI’s technology and business model. For 1750 Ventures, KONVOI is the second Hamburg-based company in their portfolio, alongside DGTAL, which develops AI solutions for the insurance industry.
KONVOI is a prime example of how innovative solutions from an academic environment, such as TUHH, can be brought to market readiness. The company actively contributes to revolutionizing safety in the logistics sector and strengthens Hamburg’s position as a hub for innovative startups.
