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