Peter Voringer (Head of Product IT), Katharina Reimann (Head of CRM Processes), Carolin Schabsky (Head of HR Administration) and Sebastian Sorger (CEO) Louisa Summer





LoadFox

Ridesharing for Road Freight

Logistics
Founded in 2016
18 employees
Funding: Undisclosed
Stage: Series A


LoadFox, ridesharing for road freight, is a Munich-based B2B technology startup for transport companies. LoadFox’s clever algorithm combines partial loads into profitable truck tours. Thanks to LoadFox, existing truck capacities can now be fully utilized, emissions can be reduced, and the profitability of dispatchers can be increased. Our team visits several dispatchers and transportation companies every week to find them the best solutions. Website
Highlight of the year: The expansion into thirteen additional European countries.


Interview with LoadFox


What inspired you to found your startup?

The idea behind LoadFox is based on a well-known problem in the logistics industry: unused truck capacity. Thanks to LoadFox’s clever algorithm, free truck capacities can be optimally utilized.


How are you different? What is your unique value proposition?

Faster than any dispatcher could ever calculate, our clever algorithm plays Tetris with freight. In a fast-paced industry, our algorithm offers a multitude of possible combinations. Our LoadFox network helps small- and medium-sized transport companies to stay competitive.


How do you define success for yourself and your company?

That´s easy: success is a happy customer. But success itself is not easy; it is hard work. This work involves perseverance, learning from mistakes, and being brave enough to take another direction. Thanks to this approach, we are receiving positive feedback from our clients and the industry


What do you want to achieve next year?

We are currently developing a new product for fleet optimization. We are also pushing our API integrations in different Transport Management Systems (TMS). We intend to further expand our product by successively adding new countries to our portfolio.


Why do people want to work at your company?

The LoadFox team is a mix of people from the logistics sector and the online world, who speak 13 native languages and believe in going new ways together. The ideas of sharing knowledge, improving, and taking initiative are not just written in our values, but also lived by each person at LoadFox.


What has been the most important milestone so far?

Our most important milestone was moving out of the beta phase in July. We were very excited to launch LoadFox 1.0 and with this, our first step into the monetization of our platform. We were congratulated by our customers, which made us very proud.


Looking back at your whole development story — what makes you most proud?

By entering an old-fashioned industry with an innovative digital product, we got a bloody nose many times. But we never gave up. And it paid off: we are running pilot projects with several of the biggest transport companies in Europe. Also, the network of SMEs is steadily growing all over Europe.


Where do you see your company in 5 years?

In five years, LoadFox´s products will ease the daily business of dispatchers and increase their turnover.


What is your impression of launching a startup from your based city?

Munich is an Economic Hub for European corporations. But some of these firms foster startups and make way for new business ideas – such as our main investor MAN Truck Bus. The Startup scene is developing, and it is a great location for a B2B-Startup like ours.


What is your impression of the german startup scene? Would you change anything?

More traditional and old-fashioned sectors are now more attractive for startups and there are more possibilities for new business models. We are very happy to see this change and welcome the opportunity to build a company within the logistics sector, that combines digitalization and logistics.



LoadFox was featured in “The Hundert Vol. 10 – Startups of Germany“, November 2018.



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