Funding Roundup: Transfix, Vopero, Inteluck, and Others Shine Bright with Funding Success
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:
Inteluck Series C Funding
Inteluck, a Singaporean supply chain solutions provider, operates a digital B2B platform offering technology-driven supply chain services to enterprises across Southeast Asia. These services include full truckload transportation, warehouse management, international freight forwarding, distribution, and customized supply chain solutions.The company recently raised $34M in a Series C funding round led by Navegar, where it will be used to expand its regional presence and enhance its capabilities.
Year Founded: 2014
Founder(s): Kevin Zhang
Location: Singapore
Latest Funding: $34M
Lead Investor(s): Navegar
Neo Mobility Seed Funding
Dubai-based electric vehicle startup Neo Mobility currently offers last-mile solutions through a captive EV infrastructure business model. It aims to revolutionize last-mile logistics with its innovative all-electric vehicle solutions, emphasizing eco-conscious and sustainable transportation. With $10M raised in a seed funding led by multiple investors, Neo Mobility plans to? scale its fleet of 5,000 two-wheeler and four-wheeler EVs by 2025, supporting UAE's sustainability goals.
Year Founded: 2020
Founder(s): Abhishek Shah and Anish Garg
Location: Dubai, United Arab Emirates
Latest Funding: $10M
Lead Investor(s): Delta Corp Holdings and Pyse Sustainability Fund
Transfix Series F Funding
New York’s digital freight marketplace Transfix has raised $40M in a Series F funding round led by New Enterprise Associates and G Squared. The company connects shippers to over 30,000 carriers and focuses on optimizing its tech-enabled brokerage and software solutions for the freight industry. Transfix aims to optimize its core business and provide innovative solutions for shippers and carriers which contributes to its continued momentum in the freight industry. The funding will enhance its financial position and support its path to profitability.
Year Founded: 2013
Founder(s): Jonathan Salama and Drew McElroy
Location: New York, United States
Latest Funding: $40M
Lead Investor(s): New Enterprise Associates and G Squared
Vision AI Seed Funding
Based in Germany, VisionAI uses AI to improve e-commerce search results and cross-selling opportunities for online retailers, helping them compete with e-commerce giants. The company's solutions focus on ensuring customers find the right products quickly, with its cross-selling tool reportedly helping partner shops increase sales by over 10%. The company recently secured €5M in seed funding led by HV capital. The funding will support its product enhancements to empower retailers with tools that enhance product discovery and cross-selling.
Year Founded: 2021
Founder(s): Berkan Cinar, Melvin Schwarz, and Julian Meyer
Location: Bielefeld, Germany
Latest Funding: €5M
Lead Investor(s): HV Capital
Vopero Funding
Latin-American startup Vopero aims to capture Latin America’s $40 bullion resale market with an end-to-end solution it calls "resale-as-a-service." Its mobile application offers buyers the chance to shop for second-hand clothing and accessories from popular brands. The platform also empowers sellers to request a kit for their clothing, which is then picked up, processed, and listed on the platform. After securing $4M in funding, the fresh capital will be used for growth, franchising, and increasing awareness of resale practices among top fashion brands.
Year Founded: 2020
Founder(s): Alejandro Esperanza, Maggie Ferber and Ignacio Cattivelli
Location: Uruguay
Latest Funding: $4M
Lead Investor(s): Cencosud Ventures and Grupo Axo
Showroom B2B Pre-Series A Funding
Showroom B2B, a fashion and apparel supply chain platform, offers a unique proposition by combining digital and physical markets for manufacturers and retailers in the apparel industry, covering categories like men's, women's, and children's wear. The platform has partnered with over 500 garment manufacturers and 3,000 retailers nationwide. Raising $6.5M in a pre-series A funding round led by Jungle Ventures, the funds will scale its distribution model and open additional experience stores in India's tier II and III markets.?
Year Founded: 2021
Founder(s): Abhishek Dua and Shubham Gupta
Location: Noida, India
Latest Funding: $6.5M
Lead Investor(s): Jungle Ventures
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