ConsolFreight finishes on Year End High

ConsolFreight was founded in 2016 as a collaborative platform that uses breakthrough technology such as blockchain and IoT to help improve the logistics and supply chain current processes. In a very busy 2019, ConsolFreight has enhanced and better positioned the role of freight forwarders, helping them to grow their business and evolve with the current times.

The year began with a strong position as ConsolFreight management secured seed funding of EURO 600,000 amount in February. This funding was used to open operational offices in Barcelona and hire key personal including Francisco Montenegro (Business Development), Justyna Ward (Operations), Magda Torres (Community Manager) and Katarzyna Zaparte (Design / UX)

The CEO Ernesto Vila is also based in Barcelona where he can lead the team to reach a global audience.

The funding was also used to rebrand the company as it developed the first Minimum Viable Product (MVP) for its e-Forwarder product in May. Testing of the MVP e-forwarder progressed strongly with the addition of first e-forwarder paying clients in LATAM and Africa.

Using the success of the MVP and feedback from early adopters, ConsolFreight then entered into a partnership in September with EOS Dublin to build a Proof of Concept (POC) on the EOS blockchain to provide technical positives of immutability and transparency to the platform.

The POC was intended to provide liquidity, create new revenue streams, and ultimately advance the…