Rotterdam, 24 March 2020
Transport management platform UTURN has raised an investment of 2 million euros last week. The acquired growth capital will be used to further develop the platform and scale-up internationally.
Investment from the logistics industry
The mission of UTURN is to make the logistics industry more transparent and efficient using data and technology. The choice for a strategic investor with a lot of experience in the industry fits this philosophy. With this step UTURN expands its network and adds valuable logistical expertise to accelerate the (international) growth.
Distinctive character
UTURN distinguishes itself with a focus on (box)containers and platform model. By facilitating direct contact between the parties in the supply chain, UTURN enhances transparency and efficiency. Parties determine their own pricing, which therefore always reflects the current market situation. UTURN consequently supports by digitizing and optimizing the entire process from “order to cash”.
Strong growth
In the meantime 150 shippers and 1.000 carriers have been connected to the platform. Since the launch in 2018 a growth of 700% per year has been realized. The result: lower costs for shippers and carriers, higher degrees of utilization, and a more sustainable industry.
Development for the future
The investment is the starting point of an exciting period of growth. The planning of 2020 involves expansion towards other European ports and regions. The platform development roadmap includes “real-time visibility” and a machine learning matching algorithm.
Background of UTURN
UTURN has been founded in 2017 as the matching platform for and by the transport industry. Since the launch in 2018, UTURN is fully committed to the road transport of (box)containers and is active in the Benelux and Germany. UTURN is based in Rotterdam.
Contact for press:
Daan Meboer (CEO) | d.meboer@uturn-now.com | +316 518 982 92
Patrick Bonemeijer (Marketing & Communicatie) | p.bonemeijer@uturn-now.com | +316 348 397 45
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