Hubtic Secures $1.3 Million Seed Investment

Hubtic, a digital logistics startup aiming to transform international transportation, has raised a $1.3 million seed investment with participation from the family office of the founders of Kloepfel Consulting, Bilişim Vadisi Venture Capital Fund (GSYF), APY Ventures, and angel investors.

Founded in Düsseldorf by Abdullah Cansu, Hubtic later moved its operational center to Istanbul in 2021. The company has since completed transportation operations in more than 50 countries.

To date, Hubtic has carried out over 10,000 shipments and serves more than 170 customers. With a supplier network of 4,000 vehicles across 80+ routes, the company offers services across road, sea, air, and intermodal transportation.

Hubtic provides a range of digital solutions designed to improve efficiency, including real-time pricing, 24/7 shipment tracking, cloud-based documentation, and online reporting, helping customers save time and streamline operations.

With the new investment, Hubtic aims to expand its transportation network across Europe. CEO Abdullah Cansu noted that the company increased its euro-based revenue sixfold year-over-year in 2022, and emphasized their goal of minimizing inefficiencies in logistics through their proprietary technology while serving global markets from their Türkiye-based operations.

Mustafa Keçeli from APY Ventures highlighted that companies embracing digitalization early will capture the largest market share in the logistics sector, expressing their satisfaction in supporting Hubtic’s growth across both Germany and Türkiye.