![[Station R] Hive-Zox closes CHF 3 million pre-series A round](https://republic-of-innovation.ch/wordpress/wp-content/uploads/2023/11/Hive-Zox-630x345.jpg)
Since its inception in 2019, Hive-Zox has been on a mission to revolutionise product tracking and monitoring across logistics through its ‘Connected Monitoring as a Service (cMaaS)’ solution. The capital increase from its pre-series A round will facilitate further developments and expansion into the US and Asian markets.
The closing of its CHF 3 million Pre-Series A funding round will more especially enable the startup to expand its customer base across Europe, the United States, and Asia, accelerate product development, and launch innovative solutions that will reinforce its position as a leader in providing real-time data intelligence across logistics and supply chains. TAG Group, a family-owned holding company, led the round, with participation from Monte Carlo Capital, a Monaco-based early-stage VC, led by former investment banker Ian Sosso, Solo GP, and Anker Capital, the B2B SaaS early-stage VC.