Ghent-based Optioryx, a company that makes supply chains more efficient and sustainable, announced that it has secured “smart” funding to aid its global expansion.
Network Venture Partners, an initiative supported by entrepreneurial investors and family offices, has acquired a minority stake in the Belgium company. Financial details, however, were not disclosed.
Boost warehousing and shipping
Founded in 2022 by Bart Gadeyne, Gilles Vandewiele and Vic Degraeve and supported by imec.istart, Optioryx enhances warehouse and shipping operations with AI-powered microservices that serve as an “AI layer” on top of existing management systems.
The company’s plug-in technology improves picking productivity by reducing worker travel distances by 20-45 per cent and providing heatmap-based insights for better warehouse organisation.
It also increases loading efficiency using a 3D load-building algorithm for optimised box/pallet selection and truck fill rates. Additionally, the company’s “Dimmy” app enables mobile SKU and pallet dimensioning, offering a dynamic alternative to static tools.
Bart Gadeyne, CEO and co-founder of Optioryx says, “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 optimisation tools are used by companies including Van Moer Logistics, Bleckmann, and Stow International, among others.
Supported by implementation partners such as Deloitte and Zetes, Optioryx leverages these collaborations for global scalability. The company currently operates in 8 countries, serving over 30 clients worldwide.
A strategic partnership!
Network Venture Partners is an initiative by and for entrepreneurs, combining the expertise of founders from a successful global scale-up with the backing of entrepreneurial investors and family offices.
Leveraging this ecosystem, it invests in high-potential startups and helps them scale by acting as genuine co-founders, offering hands-on support, experience, and valuable connections.
Frederik De Witte, alongside Willem Dumon co-founder of Network Venture Partners, says, “With Optioryx, we have found a partner with deep AI expertise and a strong track record in warehouse and shipping optimisation.”
“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 supporting 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.”
Capital utilisation
Founder of Optioryx, Bart Gadeyne, says, “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.”
Gadeyne adds, “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.”
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