Konvoy is commissioning the world’s first fully Internet of Things (IoT) tracked keg fleet on the back of the Group’s latest $13m capital raise.

Konvoy has signed its first wave of European customers to implement its keg tracking platform, Konvoy Cloud, via its IoT keg tracking device, called Katch. This represents an important step in increasing customer awareness of the significant benefits of the technology across the United Kingdom, Europe, and the USA.

These agreements follows Konvoy Group successfully raising a further $13m of funds to fuel global expansion across its kegs, data and care platform.

Managing Director of Konvoy, Adam Trippe-Smith said the agreements, capital raising, and European expansion were all significant milestones for the company.

“This customer acceleration demonstrates the benefits of the Katch cellular tracking device, which coupled with our cloud platform reduces keg and cask losses, improves asset turns and creates real time visibility of the key conditions affecting beer quality through the supply chain.”

Mr Trippe Smith said these were the first of a number of Katch tracking agreements being negotiated in Europe and elsewhere including Republic of Ireland, United Kingdom, France, USA, New Zealand, Finland, Sweden, Luxembourg, The Netherlands, Spain and Iceland.

“There is increasing interest from both small and large European brewers who want to utilise our technology to reduce capital expenditure, unlock under deployed kegs, understand on premise data and reduce labour costs through eliminating manually intensive barcode scanning and outdated tracking measures. “

The Konvoy team showcases its technology at The Brewers Congress in London, England on the 18th & 19th of October, SEA Brew in Ho Chi Minh, Vietnam on the 19th & 20th of October and then Brau Beviale in Nuremburg, Germany from the 28th-30th of November.