Funding Roundup: Ergos, Resou...

Funding Roundup: Ergos, Resourcify, Boxbot and Others Celebrate Funding Boost

Oct 06, 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:

Resourcify Series A Funding

Resourcify, a German-based waste management and recycling platform, offers cloud-based recycling services that connect global corporations with local recyclers. Resourcify uses machine learning to identify cost-saving opportunities for recycling materials and offers features like recycling pickup management, on-site handling, and transport. In a recent Series A funding round led by Vorwerk Ventures, Resourcify secured €14M to support the company's international expansion and grow its customer base.

  • Year Founded: 2015

  • Founder(s): Felix Heinricy and Gary Lewis

  • Location: Hamburg, Germany

  • Latest Funding: ?€14M

  • Lead Investor(s): Vorwerk Ventures

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BoomGrow Pre-Series A Funding

Malaysian-based BoomGrow is an agritech company that repurposes shipping containers into "Machine Farms" for growing pesticide-free vegetables with a reduced carbon footprint, serving densely populated urban areas. Its Farm OS is a remote management platform that uses machine vision and machine learning to optimize farm operations. With recent funding from a Pre-Series A round led by Gobi Partners, BoomGrow aims to expand across Southeast Asia as it focuses on ESG principles and sustainable urban farming.

  • Year Founded: 2013

  • Founder(s): Murali Krishnamurthy, Dr. Jay Desan and Shan Palani

  • Location: Kuala Lumpur, Malaysia

  • Latest Funding: Undisclosed

  • Lead Investor(s): Gobi Partners

Giftpack Seed Funding

Giftpack, a corporate-focused gifting platform, aims to streamline corporate gifting, making it more efficient and personalized. The platform uses AI and a personality quiz to suggest personalized gifts from a catalog of 3.2 million items. Giftpack has already delivered over 50,000 gifts to clients and employees in more than 220 countries, boasting a 98.6% gift satisfaction rate. The company secured $4.3M in a seed round led by Chang Hai Lin to expand its services and enhance its AI model for more precise gift recommendations.?

  • Year Founded: 2017

  • Founder(s): Archer Chiang

  • Location: New York, United States

  • Latest Funding: $4.3M

  • Lead Investor(s): Chang Hai Lin

Boxbot Series A Funding

California's Boxbot has pivoted from autonomous last-mile delivery to robotic parcel storage. They've developed a 3D conveyor system designed for efficient warehouse parcel storage due to strong customer interest in their package retrieval system. A $12M Series A funding round led by Playground Global will support their expansion into various applications, including last-mile delivery centers and customer pickup locations. This shift positions Boxbot to capitalize on the growing demand for warehouse automation technology.

  • Year Founded: 2017

  • Founder(s): Austin Oehlerking

  • Location: California, United States

  • Latest Funding: $12M

  • Lead Investor(s): Playground Global

Ergos Series B Funding

Ergos, a Bengaluru-based agritech company, has raised $10M in a Series B funding round led by Abler Nordic. Ergos offers a comprehensive Grainbank platform that enables small and marginal farmers to access storage services for 8-9 months after harvest, helping prevent spoilage. Farmers can then use the digitized stored grain as collateral to access credit from banks at affordable interest rates. The funding will support Ergos in empowering farmers and enhancing food security in India.?

  • Year Founded: 2012

  • Founder(s): Kishor Kumar Jha and Praveen Kumar

  • Location: Bengaluru, India

  • Latest Funding: $10M

  • Lead Investor(s): Abler Nordic

Yaysay Funding

Yaysay, an AI-driven shopping app developed by Casper, has entered beta, gamifying off-price shopping. Each day, users receive a curated selection of items tailored to their preferences, with a 30-minute purchase window. The app takes inspiration from Ticketmaster's timer to create urgency. Yaysay recently secured $10.3M in funding, led by Lightspeed Ventures, to transform the online off-price retail experience.

  • Year Founded: 2023

  • Founder(s): Philip Krim and Lindsay Ferstandig

  • Location: New York, United States

  • Latest Funding: $10.3M

  • Lead Investor(s): Lightspeed Ventures

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