Spanish SaaS platform Stowlog raises €1 million to drive the digitisation of security and safety in port logistics

Stowlog, a SaaS platform developed by Castellón-based know-how consulting agency Estudio Cactus, has closed a €1 million funding spherical to speed up the digitisation of security and safety processes throughout port logistics operations.

The spherical was led by Draper B1, a enterprise capital fund affiliated with the Draper Enterprise Community, with participation from First Drop and the Castellón-based know-how group Cuatroochent. 

“This funding is a key step in consolidating Stowlog as an internationally recognised answer. The backing of Draper B1, along with First Drop and Cuatroochenta, validates each the product and the workforce and can enable us to speed up our international growth,” stated Pablo Aguirre, CEO and co-founder of Stowlog. 

Stowlog was launched in 2023 as a modular SaaS that allows port terminals, logistics services, and intermodal hubs to enhance operational effectivity and cut back dangers by digitising important safety processes, entry management, customer administration, contractors, and real-time geolocation. 

Stowlog utilises real-time knowledge, geolocation monitoring, and 3D visualisation to offer port services with visibility into on-site exercise, together with personnel presence, energetic procedures, and potential threat areas.

The platform is at the moment deployed at logistics services and terminals in additional than 15 international locations throughout 4 continents, together with websites operated by Maersk, APM Terminals, CMA CGM, and COSCO Delivery. It’s used at ports in New York, Miami, Los Angeles, Lázaro Cárdenas (Mexico), Gothenburg (Sweden) and Onne (Nigeria), amongst others.

The funding will likely be used to drive Stowlog’s worldwide development. The corporate goals to develop its workforce, evolve the product, and increase its presence in new strategic markets, particularly in Europe and North America.

Raquel Bernal, Managing Companion Director at Draper B1, commented, “Stowlog is a type of firms the place their confirmed execution has been key to our determination to speculate. Their glorious execution entails a workforce that is aware of the sector and has an incredible diploma of dedication and resilience.

“We’re satisfied that their development potential, along with the assist of our worldwide community, make an ideal combine to ensure sustained worth creation over time and the consolidation of Stowlog as a benchmark in its vertical on a global scale.”