Case: Conexbird

Conexbird logo Conexbird logo[/caption]Containers do over 135 million overseas trips per year. During every fifth of those trips something goes wrong, for instance due to container condition, accumulating over 7 billion in damages annually. Conexbird has invented a method to inspect the changes in container condition and its contents within a few seconds while lifting the container simply by touching it. There is no heavy investment required for checking equipment and no interruption nor changes required to handling and logistic chain. Furthermore the cost per check is just a fraction compared to any other method currently available. This represents true quantum leap within container transportation business, not just cost of container maintenance point of view, but also what comes to costs related to smuggling and container security.

Prior to Butterfly’s investment Conexbird has filed the key patent and signed the first pilot customer agreement.

“Our container inspection methodology fits into logistics chain like glove, it will integrate there seamlessly. Furthermore, the investment and inspection costs are only fraction of other methods. Therefore we see Conexbird as an integral part of all container logistics, a market opportunity of several billion dollars. Butterfly will bring us international contact networks that we need and such a unique level of agile business development expertise that’s very hard to find elsewhere.” (Teuvo Heikkilä, Founder of Conexbird).

Butterfly invested into Conexbird because of their clear cost saving value proposition, advanced business model, customer traction and technologically unique solution with strong intellectual property that fits extremely well into existing container logistic processes. Furthermore there’s market opportunity worth of hundreds of millions as well as excellent team with great international contact network. Butterfly’s investment will be used to validate the technology, business model and value proposition with first pilot customers.

Disruptive ideas supercharged

Welcome to our new blog. I’ll start this blog by explaining how we look at the world;

We have to think differently to conquer the globe. We have to build technologies that rock. And customers need to feel the rock’n roll. And still the old army slogan is one we need to understand; a chain is only as strong as its weakest link. That’s the reason why we need to team up with entrepreneurs with great ideas and technical and business skills.

We are seasoned professionals in international technology business. We’ve been there and done that. And still we are learning more and we don’t expect our ways to be perfect. But together we expect to create and expand technology businesses that change the way we live and do business. Such businesses are often IPR intensive. That is the way to get financing or to do better deals with partners. Or it may be the way to dramatically increase the exit valuation. Our job is to help tech-savvy entrepreneurs to create solid businesses with ultimate goal of doing an exit making the entrepreneurs very wealthy.

We have to be innovative, yet realistic and creating a whole package that rocks bringing disruptive technologies to the global marketplace.

This is not just business, it’s an adventure!