Besso Raises €4.29 Mn to Help Global Businesses Cut International Trade Costs with AI

The funding came from a large European family office that has chosen to remain anonymous. Unlike many early-stage funding rounds that involve several investors, Besso received the investment from a single backer.

Besso said the decision to work with one investor was deliberate. The company chose this approach to support its long-term plans, rather than bringing together multiple investors at an early stage.

“We have always been very deliberate about building Besso around real customer demand rather than funding milestones. The traction we are seeing now tells us that the time is right to invest more aggressively in growth. Having one long-term investor take the entire round gives us both the resources and the focus to do exactly that,” said Philip Sieber-Gasser, founder and CEO of Besso.

“This is an important milestone for us, but the funding itself is not the destination. What matters is what it enables us to build from here,” added Sieber-Gasser.

Besso is a company founded and based in Bern, Switzerland. It helps large international businesses deal with complex trade rules and regulations, turning them into opportunities to save money and improve their operations.

Besso has developed an AI-powered platform that tracks more than 1,250 trade regulations and tariff schedules across global trade routes. The platform helps businesses keep up with changing rules when importing and exporting goods.

The platform identifies when companies may be paying more in import duties than necessary. It helps them find opportunities to recover costs by using lower tariff rates and benefits available under free trade agreements (FTAs).

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