Max Doyle’s Freight Ventures has already invested in start-ups, from logistics software to advanced paint for shipping vessels, and is eyeing a final close of the fund later this year.
Based in Dublin, the European headquarters of the Chinese e-commerce platform was "persistently late” in discharging invoices according to claims in new High Court proceedings.
The Limerick start-up has raised funding from Frontline Ventures and angel investors like Des Traynor but has scheduled a creditors meeting next month with a view to appointing liquidators.
German freight forwarding giant Hellmann is still a newcomer to the Irish market but general manager Niamh Savage tells The Currency it will “offer something a little bit different” and aims to grow amid trade disruption.
The Limerick transport software company is preparing to raise outside funding to power an acquisition strategy in the UK and further internationalising.
Principal Logistics Technologies, which is more than 30 years old, builds software for the logistics and warehousing sectors and is active across Ireland and the UK.
My Baggage has invested €250,000 in new AI capabilities to help ship personal effects through customs with greater ease. It’s now targeting more business in the US.
Logistics firm Masterlink intends to acquire its rival Securispeed but the deal must first pass regulatory scrutiny. Combined, the companies have over €115 million in yearly revenue.
The family-owned transport group signalled a strategic shift towards end-to-end logistics services with the grand opening of the first phase in a €50m warehousing park in Wexford this week, tying its expansion to widespread change in supply chains.
Tim Cummins is the CEO of logistics, sales and marketing company Primeline. Normally publicity shy, Cummins spoke to The Currency about joining the business and managing supply chains through Brexit and Covid-19.
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