Schüttflix raises €8m funding led by Speedinvest

– GERMANY, Gutersloh –  Schüttflix has closed an eight million euro round of financing led by Speedinvest. The first digital logistics hub for sand, gravel and gravel impresses with stable, above-average growth. Started a year ago with 3,000 euros in sales in the first month, the start-up today already achieves over 500,000 euros per month. The growth is supported by over 900 partners with more than 2,000 vehicles, which are directly connected to potential customers from civil engineering, civil engineering and landscaping via the app. The additional capital is to be used to expand Germany-wide sales and further develop the platform. The two founding partners Christian Hülsewig and Thomas Hagedorn also participated in the financing again.

“We didn’t have to finance, we wanted to, because we found the right partner in Speedinvest,” explains Christian Hülsewig, CEO and founder. “Speedinvest knows industry and understands construction. For us it was always clear: if an investor comes along, then the chemistry, the know-how and the strategic direction must be right. And then we take it. “

Schüttflix has set itself the goal of delivering all common bulk goods throughout Germany by the end of 2020: on time, at transparent prices and always in the right place. Today the company is already active in three regions and supplies the whole of North Rhine-Westphalia within four hours. Speedinvest’s strong operational know-how in setting up B2B marketplaces should now help to fully open up the German market. The company plans to roll out internationally in 2021.

“Schüttflix is ​​a real market maker that fits perfectly into our portfolio,” said Marie-Hélène Ametsreiter, partner for the industry at Speedinvest. “Together we are digitizing one of the most analog sectors: the bulk goods industry.”

“In addition, the market for bulk goods is extremely fragmented and non-transparent regionally. It is therefore perfectly suited for Schüttflix’s B2B platform model, and we would be happy to support the team with our expertise and experience as platform experts” adds Mathias Ockenfels, partner at Speedinvest and responsible for investments in digital marketplaces.

The market for sand, gravel and gravel has hardly changed in the past hundred years. It is extremely regionally fragmented and non-transparent, but at the same time has an enormous market potential of almost 50 billion euros. Alone in Germany. For comparison: 5,000 long-distance buses and 94,000 taxis drive on domestic roads. Their average daily turnover is 700 or 300 euros, while the bulk goods market comprises 150,000 trucks with an average daily turnover of 1,500 euros.

The biggest challenge for Schüttflix, however, remains to get potential customers and partners enthusiastic about digital: “The decisive factor is that we are extremely low-threshold and offer digital novices a successful first user experience,” explains Christian Hülsewig. “Corona becomes a catalyst for us because our strengths come into play: transparency, completely digital processes, and, above all, constant delivery security.”

Since the outbreak of the Corona crisis in Germany, Schüttflix has seen a steep increase in orders and new registrations.

About Schüttflix

Schüttflix GmbH is the first logistics hub for the bulk goods industry that works digitally and delivers sand, gravel and split in a nutshell. The app connects suppliers and freight forwarders directly to customers in building, civil engineering, gardening and landscaping. Instead of regionally fragmented and non-transparent, for the first time Schüttflix is ​​creating a nationwide functioning, efficient market for all common bulk goods. Already in the first business year the start-up was able to achieve a total turnover of almost two million euros and to increase this to three million in the first quarter of 2020. The average monthly growth rate is over 50 percent. The shareholders of Schüttflix are the founding partners Christian Hülsewig and Thomas Hagedorn

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About Speedinvest

Speedinvest is a European investment fund with a volume of 400 million euros and more than 40 investment professionals in offices in Berlin, London, Munich, Paris, Vienna and San Francisco. Using a vertical investment structure, we invest in innovative early-stage technology startups in the fintech, digital health, consumer tech, network effects, deep tech and industrial tech sectors. Speedinvest actively provides its worldwide network and a dedicated team of more than 20 in-house experts to support our 140+ portfolio companies even until they enter the United States.

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