Logmore: Logmore Secures 4.5M In Series A To Boost Logistics Quality Control

The following is a contributed article from a content partner of BenzingaCondition monitoring service Logmore looks to help improve quality control across the supply chain through its dynamic QR tags and data logging technology. The company recently raised €4.5 million in a successful Series A funding round. The lockdowns and social distancing protocols caused by the coronavirus pandemic have prompted consumers to resort to online shopping to buy goods. These changes in consumer behavior have also put increased pressure on logistics companies to deliver. The post-pandemic global logistics market size is projected to reach $3.215 billion by 2021. To cope with this new normal, logistics companies and shippers must improve their quality control measures. Care must be taken when transporting volatile and perishable goods. Changes in temperature can cause fresh produce to spoil and medicines to lose efficacy, leading to waste.Logmore's technology is designed to help companies monitor shipment conditions. Its QR tags can log various data about packages and make the information readily available to shippers. The investment made by NordicNinja VC in partnership with Icebreaker VC, Trind Ventures, Tekton Ventures, and Jaakkoo-Taara is set to drive the company's growth as it expands to serve more markets globally. With its successful funding round, Logmore is set to expand in North America, ...Full story available on Benzinga.com