Iron Wolf Capital joins €1.6M round for Lithuanian startup Traxlo
Traxlo, a fast-growing platform that transforms physical labor into verifiable tasks, has raised €1.6M from venture capital funds Coinvest Capital, Bad Ideas Fund, Plug and Play, NGL, DEPO Ventures, and the participation of existing investors Iron Wolf Capital, Antler, and others.
With this round, Traxlo is doubling down on its strategy, expanding geo coverage and scaling. Future product layers include agentic AI features, doubling down on automation, and connecting real robot workers into the same marketplace of tasks.
Traxlo enables businesses to pay for individual physical tasks rather than relying on shift-based or temporary labor. The platform, which has handled over 300,000 tasks for major firms such as REWE Group and Zabka, will integrate AI tools, including large language models and computer vision. Traxlo addresses labor shortages in retail and logistics, offering flexible income options and plans to introduce additional automation features.
“We’re not another gig or shift labor app. We’re building the labor infrastructure for the age of AI,” said Paul Vezelis, co-founder and CEO of Traxlo. “If AI is automating knowledge work, Traxlo is standardizing and distributing physical work at the same scale.”
For more information, visit: https://tech.eu/2025/06/19/traxlo-raises-eur16m-to-build-the-labor-infrastructure-for-the-ai-era/
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