KPN Ventures has invested in Viloc, a company specializing in tracking solutions for the construction industry, to enhance its IoT offerings and partner with innovative technology providers.

Information on the Target

KPN Ventures has made an investment in Viloc, a pioneering provider of tracking solutions for the construction industry's equipment and tools. Founded in 2010 by Tim Gestels, and later joined by Mark Thijs and Jeroen Spinnewyn, Viloc has created an innovative solution that employs ruggedized transmitter tags attached to various tools, including drills and concrete mixers. This technology allows construction companies to continuously monitor the status and location of their equipment via a web and mobile application, significantly enhancing tool management and reducing theft.

Based in Zandhoven, Belgium, Viloc has made impressive strides in the market, currently tracking over 25,000 tools for construction firms across Belgium and the Netherlands. Its system monitors equipment across multiple locations, such as tool warehouses, containers, and construction sites, showcasing its broad applicability and effectiveness in the sector.

Industry Overview in Belgium

The construction industry in Belgium has been witnessing significant advancements, particularly with the integration of technology into traditional practices. With a growing emphasis on efficiency and cost reduction, construction companie