Schreiber Ventures participates in Sojo Industries’ $10 million series A to fund continued investment in Sojo Flight and Sojo Shield
Sojo Industries, a leading mobile automation and robotics manufacturer for food and beverage assembly, announced that it has partnered with Schreiber Foods, a global food manufacturer with over $7 billion in sales across five continents. Sojo Industries also announced it has raised a Series A round of $10 million with participation from Schreiber Ventures and Tech Council Ventures, an early-stage fund that manages over $175 million.
Sojo Industries is supporting Schreiber’s continued innovation across its food and beverage operations through the use of its proprietary Sojo Flight solution. Sojo Flight provides brands with mobile manufacturing lines and multiple packaging capabilities that can be moved across the country into different food and beverage production facilities, supporting the growing innovation in the variety-pack and multi-pack categories as well as mitigating rising labour costs, labour shortages and high freight costs.
Sojo Industries is also working closely with Schreiber Foods on integrating Sojo Shield, a first-of-its-kind track and trace platform that provides real-time geolocation data and insights on critical tracking events, that enhances Schreiber’s existing supply chain platforms, including The Hive. The Hive is a complete inventory management system supporting over 30 locations around the world and over 4.5 billion pounds of palletised products globally.