Handelsblatt | Around the world in 3 words
Deutsche Bahn Digital Ventures, the newly-created venture capital subsidiary of Germany’s state-owned railway operator, will buy a stake in London-based geocoding startup What3words, aiming to improve its offering for corporate customers.
The German railway operator announced last week it will buy stakes in the London-based company, marking its first investment in a foreign tech company. DB Digital Ventures sees the potential to increase the quality and efficiency of its goods traffic worldwide. “In logistics, a few minutes can simultaneously save millions of euros, increase customer satisfaction sustainably, or improve international relief activities,” said DB deputy chief executive Boris Kühn in a press release.