Funding Roundup: Captain Fres...

Funding Roundup: Captain Fresh, Mujin, Shop Circle and Others Attract Fresh Investment

Sep 15, 2023

It has been a great couple of weeks for startups in the e-commerce, logistics and supply chain space. In this week’s Ecosystem Funding Roundup, we are thrilled to feature 6 of their notable achievements:

Mujin Series C Funding

Mujin, a AI-based industrial automation software startup, offers a platform that enables the deployment and automation of industrial robots in manufacturing and logistics, reducing costs. Mujin's platform automates industrial tasks, like palletizing and precision picking, reducing costs and improving productivity for companies like Paltac and Recently, it raised $85M in a Series C funding round led by SBI Investment, where the funds will support product expansion and global growth.

  • Year Founded: 2011

  • Founder(s): Ross Diankov and Issei Takino

  • Location: Tokyo, Japan

  • Latest Funding: $85M

  • Lead Investor(s): SBI Investment

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Shop Circle Series A Funding

Shop Circle, an e-commerce software startup in London, raised $120M in Series A funding led by 645 Venture and 3VC. The startup offers a suite of tools for e-commerce brands, simplifying tasks such as online store design and inventory management. It aims to consolidate various e-commerce software functions under one brand. The funding will help to diversify its clientele beyond Shopify and invest in software development and AI technology to enhance its services.

  • Year Founded: 2021

  • Founder(s): Luca Cartechini and Gian Maria Gramondi

  • Location: London, United Kingdom

  • Latest Funding: $120M

  • Lead Investor(s): 645 Ventures and 3VC

Captain Fresh Series C Funding

Indian-based B2B seafood company Captain Fresh operates as a farm-to-retail platform for animal protein, offering over 100 varieties of fish and seafood to clients in more than 30 countries. It has a strong presence in India, the US, Dubai, and Madrid, along with a distribution network in over 20 cities and 2,500 retail businesses. After securing $20M in a Series C funding led by SBI Investment and Evolence Capital, the startup aims to utilize the new funds to reduce turnaround times, boost product innovation, and enhance transparency and traceability.

  • Year Founded: 2019

  • Founder(s): Utham Gowda

  • Location: Bengaluru, India

  • Latest Funding: $20M

  • Lead Investor(s): SBI Investment and Evolvence Capital

Foudys Funding

Women’s football e-commerce specialist Foudys is the world’s first retail platform dedicated to women’s football apparel. It sells replica kits and fan apparel for various women's football events, offers bespoke kit design for grassroots teams, and recently added a bespoke upcycling service for fans to personalize their shirts. Securing £290K in a recent round of funding, the investment will help in product expansion, global expansion and broaden its stock range.

  • Year Founded: 2020

  • Founder(s): Helen Hardy

  • Location: Manchester, England

  • Latest Funding: £290K

  • Lead Investor(s): Undisclosed

Dynamon Series A Funding

Southampton-based software company Dynamon specializes in advanced data analytics and simulation tools for commercial transport and logistics. Dynamon's software, including its flagship tool ZERO, helps businesses understand cost-effective ways to decarbonize their fleets, analyze energy-saving options, and plan for vehicle electrification. It recently raised €4.6M in a Series A funding round led by BP Ventures to aid Dynamon in commercializing and scaling up its platform while expanding its operations in Europe and North America.

  • Year Founded: 2015

  • Founder(s): Angus Webb

  • Location: Southampton, Hampshire, United Kingdom

  • Latest Funding: €4.6M

  • Lead Investor(s): BP Ventures

Valyuu Seed Funding

Dutch startup Valyuu has secured €2.4M in seed funding led by Rubio Impact Ventures and Slingshot Ventures. Valyuu operates a circular economy marketplace that enables the sale, purchase, and donation of used electronics. With electronics being one of the fastest-growing waste streams globally, the platform aims to extend the lifespan of electronic products, reducing electronic waste. The funding will support R&D, enhance brand awareness in the Benelux region, and aid international expansion.

  • Year Founded: 2021

  • Founder(s): Ferhat Topuz, Arvin Esterabadi and Jingwei Ren

  • Location: Rotterdam, Netherlands

  • Latest Funding: €2.4M

  • Lead Investor(s): Rubio Impact Ventures and Slingshot Ventures

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