Optioryx funding news – Belgium-based Optioryx Secures Strategic Investment to Drive Global Scaling
Sep 30, 2024 | By Team SR
Optioryx, a scale-up company which has received the 2023 “Supply Chain Start-Up of the Year” award by Supply Chain Masters and PICS Belgium, has successfully secured smart funding to support its global scaling efforts.
SUMMARY
- Optioryx, a scale-up company which has received the 2023 “Supply Chain Start-Up of the Year” award by Supply Chain Masters and PICS Belgium, has successfully secured smart funding to support its global scaling efforts.
- Optioryx, founded in 2022 by Bart Gadeyne, Gilles Vandewiele and Vic Degraeve, leverages AI to transform the logistics sector by enhancing efficiency and optimization for shippers, 3PLs, and retailers.
Network Venture Partners, a distinctive initiative by and for founders backed by a number of entrepreneurial investors and family offices, have acquired a minority stake in the fast-growing company. Financial details were not disclosed.
Optioryx, founded in 2022 and supported by imec.istart, optimizes warehouse and shipping operations through AI-powered microservices. Positioned as an “AI layer on top of warehouse and transport management systems”
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Bart Gadeyne, CEO and co-founder of Optioryx, stated: “We created Optioryx to add intelligence to warehouse & transport management systems, enabling smarter and more efficient operations. With our AI-driven solutions, we are setting a new standard in logistics, driving significant value for our clients.”
Optioryx’s mission and WMS innovations earned the company the title of "Supply Chain Start-up of the Year" by Supply Chain Masters and PICS Belgium (2023). High-profile clients such as Van Moer Logistics, Bleckmann, and Stow International, along with other global industry giants, are leveraging Optioryx’s optimization tools. In addition, Optioryx is backed by global implementation partners like Deloitte (linkedin post) and Zetes. Close cooperation with these partners provides global implementation capabilities and scalability. Currently, Optioryx operates in 8 countries, serving over 30 clients globally.
A Strategic Partner to Propel Global Expansion
Bart Gadeyne said, “We are delighted to welcome Network Venture Partners who, together with the active support of their investor base’s network, are backing us in this exciting scale-up phase. By closing this strategic investment, we are enabling the further global expansion of our AI technology platform, which supports the core processes of shippers, 3PLs, and retailers. Network Venture Partners are not only supporting us financially but, more importantly, as a true co-founder, they are also bringing their hands-on experience in scaling a global SaaS company. This partnership will allow Optioryx to continue on its path as an innovative and state-of-the-art logistics solution provider. The minority investment, along with our diverse customer portfolio of leading companies in our target markets, underpins our commitment to transforming the logistics sector,”
Frederik De Witte, alongside with Willem Dumon co-founder of Network Venture Partners, added: “With Optioryx, we have found a partner with deep AI expertise and a strong track record in warehouse and shipping optimization. By leveraging our hands-on experience as founders of a global scale-up combined with the active support of our investors, we are looking forward to support the Optioryx team in its strategic decisions as well as its day-to-day development and operations. Our goal is to ultimately accelerate the global growth of Optioryx's groundbreaking solutions, which are already making a significant impact on the industry, into large clients and global partnerships.”
About Optioryx
Optioryx, founded in 2022 by Bart Gadeyne, Gilles Vandewiele and Vic Degraeve, leverages AI to transform the logistics sector by enhancing efficiency and optimization for shippers, 3PLs, and retailers.
About Network Venture Partners
Network Venture Partners is a distinctive initiative by and for entrepreneurs. Network Venture Partners combines the hands-on experience of founders of a successful global scale-up with the active support of a network of entrepreneurial investors and family offices.
Leveraging this unique ecosystem, Network Venture Partners seeks to invest in, and actively contribute to, high-potential startup companies and help them scale their business. We participate as genuine co-founders in all our companies and seek to support them however and whenever we can through the experience and connections of Network Venture Partners.