Czech logitech startup Ringil closes its €615k pre-seed round
Prague-based provider of smart systems for logistics processes Ringil has closed the fresh €615,000 pre-seed round. The investment saw participation from N1, Purple Ventures, Startguide, and Depo Ventures.
- The startup was founded by Andre Dravecky in 2021, as a platform that allows tracking the shipment in real time and provides logistics players with information on whether the package will be delivered on the agreed date or when it was actually handed over to the addressee. The platform digitizes operations across the entire shipping process.
“Our vision is completely automated logistics, or at least freight transport. We want to build a company that will be here for decades and will help thousands of companies to digitize and automate logistics processes. Our biggest rivals are pencil, paper, e-mail, and telephone – these tools serve 95 % of the market. It will not be easy to beat them, but we will manage it,”says André Dravecký, the founder and CEO of Ringli.
- Ringil system is modular and works on a SaaS model. Currently, more than 800 companies from 20 countries are involved in the system.
Investors in this funding round include:
- N1, Czech-founded pre-seed & seed stage VC fund with office in Our investment ranges from Luxembourg. Its ticket size is between €20,000 to €1.5 million.
- Purple Ventures, Czech private venture capital fund investing seed money into early-stage fintech startups with a proven business model.
- StartGuide, Prague-based firm investing in early-stage startups, especially those that drive digital transformation and AI innovation from the CEE region.
- DEPO Ventures, a Prague-based fund, focusing on early-stage startups from CEE and the Baltic region. Ringil represents the third investment of the second angel fund DEPO Ventures. Among its latest investments are €1.5 million round for Czech-Slovak fintech startup Blockmate.ent for Czech-Slovak fintech startup Blockmate, and €1 million round for Polish-German startup Cardino.
The money will be used to recruit new employees, scale the product on the European market and connect the product with transport partners.