Company Name: Traide
Location: Berlin, Germany
Business Focus: B2B SaaS platform for customs processes automation
Funding Details: Seven-figure euro funding. The round was led by High-Tech Gründerfonds (HTGF) with notable participation from Smart Infrastructure Ventures, Prequel Ventures, and angel investors including the founders of Taxdoo and Byrd.
Purpose of Funding: To further develop and scale the AI-based SaaS solution, enhancing its capacity to automate customs processes for businesses.
Background: Founded in 2021 by Leonie Althaus, Philipp Friebertshäuser, and Hendrik Niemann, Traide represents a transformative approach to customs processes. Recognizing the complexities and manual intricacies involved in customs declarations, the team introduced an innovative solution that not only digitizes but also optimizes the entire process.
About Company: Traide is leveraging the power of cloud and AI technologies, it offers a platform that brings the globally standardized customs tariff into the 21st century. Their state-of-the-art AI models take individual product information from companies and convert it into the necessary customs data. The result? An automated, secure, and highly efficient customs declaration process, replacing what was traditionally a labor-intensive manual task.