Berlin-based Codept receives 8-digit investment from the BEUMER Group

BEUMER Group, an international manufacturer of intralogistics systems, acquired a majority shareholding in Germany’s startup Codept. As a result of a deal, Codept received an 8-digit investment. The precise amount of the transaction was not disclosed.

Felix Ostwald and Jonas Grunwald, co-founders of Codept

Founded in 2019 by Jonas Grunwald and Felix Ostwald, Codept is a cloud-based e-commerce logistics platform that offers warehousing and fulfilment across Europe. Its solution enables e-tailers to find the best logistics service provider through one single IT interface (API), and providers to find and integrate their new customers without redesigning their IT infrastructure.

“We are excited to seal a long-term partnership with the BEUMER Group. We have already worked together very successfully over the past two years, so we are happy to intensify this cooperation even further. We will promote our vision of a technology-driven, scalable logistics platform faster and expand the team with the fresh capital, thereby advancing our technology and boosting our Europe-wide expansion even further,” Ostwald told.

Germany-based BEUMER Group offers their customers worldwide intralogistic solutions for conveying, loading, palletizing, packaging, sortation and distribution. Founded in 1935, the company has over 4,500 employees worldwide and about €900 million in annual sales.