Lufthansa Cargo invests in Berlin startup

Lufthansa Cargo is stepping up its cooperation with startup and has acquired a minority shareholding in the Berlin company. Lufthansa Cargo is thereby making the switch from early adopter to minority investor.

Berlin-based was founded in 2017. The startup has developed a platform for booking and marketing air cargo capacity. Through its focus on offering dynamic spot rates and enabling their booking, is the first platform of its kind.

Lufthansa Cargo already invested in a technology startup – Fleet Logistics – based in Portland, USA, back in early 2018. Founded in 2014, Fleet Logistics acts as an online marketplace, matching customer demand for cargo services with free capacity provided by logistics companies.

Lufthansa Cargo has also been cooperating since February 2018 in the role of anchor partner with technology accelerator Plug and Play based in Sunnyvale, USA. This, the world’s largest technology accelerator, brings technology startups and established companies together. They combine their efforts within the supply chain and logistics platform, which is focused on supply chain startups, to further develop and quickly implement new digital solutions. The programme provides an opportunity for logistics players to network with and learn from each other, exchange ideas and drive digitisation.

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