What is Customs4trade?
Founded in 2004 and headquartered in Zemst, Belgium, Customs4trade operates a digital platform, CAS, designed to manage customs declarations for businesses. The company aims to leverage the increasing digitization within the customs sector to deliver enhanced efficiency and compliance for its clients. Its platform is positioned to streamline complex customs processes, offering a modern solution for companies navigating international trade regulations.
How much funding has Customs4trade raised?
Customs4trade has raised a total of $28.1M across 3 funding rounds:
Series B
$3.3M
Series C
$20.4M
Other Financing Round
$4.4M
Series B (2020): $3.3M with participation from 42cap, The 10X Group, and Hi Inov
Series C (2021): $20.4M led by 83North
Other Financing Round (2023): $4.4M supported by 42cap and HiInnovation
Key Investors in Customs4trade
83North
83North is a global venture capital firm that invests in category-leading companies across all stages, managing over $2.2 billion and boasting a portfolio of 90 companies with numerous successful exits and unicorns. They focus on supporting innovative startups with a collaborative approach to foster global growth.
42cap
42CAP is a European venture capital firm specializing in seed-stage tech and data-driven B2B software companies, providing support to innovative businesses and sustainable ventures with a focus on empowering entrepreneurs.
Hi Inov
Hi Inov is a European B2B venture capital fund that invests from Seed to Series B, focusing on high-growth startups that enhance productivity and IT infrastructure, offering hands-on support and access to a broad network.
What's next for Customs4trade?
The recent major strategic investment signals a phase of accelerated growth and market expansion for Customs4trade. This capital infusion is expected to fuel further development of its CAS platform, enhance its service offerings, and potentially broaden its geographical reach. The company is poised to capitalize on the ongoing digital transformation in global trade, solidifying its position as a key player in customs declaration management.
See full Customs4trade company page
