We advised venture capital fund Startup Wise Guys on investing in logistics startup GoRamp. Startup Wise Guys together with Presto Ventures invested EUR 450,000 in the company.
This is the second investment in GoRamp by Startup Wise Guys and Presto Ventures in the last 12 months – in January, they invested EUR 120,000.
Offering logistics solutions for manufacturing and trading companies
GoRamp helps manufacturing and merchandising companies centrally manage purchasing and shipping logistics information and documentation. The new investment will be used for further expansion of the company in Poland and Western European countries.
Comments Jevgenijus Polonis, co-founder of GoRamp: “The Covid-19 situation has led manufacturing companies to realise that there are numerous variables that are not only important in the context of current challenges but also as long-term factors in ensuring competitive advantage in the market. Among those variables are digitising information and ensuring its availability when working from home, more efficient use of human resources aimed at reducing logistics costs and clearer data-based analysis of KPIs throughout the chain. It is likely that the need for transport management systems will only increase in the coming years.”
Our services and project team
Our team, consisting of senior associate Vytautas Sabalys with associate Laura Matuizaitė, advised the investor on preparing the transaction documents and other investment-related issues.