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Analytics E-Commerce Information Technology North America Retail Technology Supply Chain Management

Inventory optimization startup Flieber bags $12M, aims to help retailers avoid out-of-stock, overstock moments

– Flieber, a predictive inventory optimization platform, raised $12m in Series A funding.
– The round was led by GGV Capital and Monashees to bring the company’s total funding to $20m since CEO Fabricio Miranda co-founded Flieber in 2019 with CTO Jair Vercosa.
– The company plans to use the funding to continue developing its inventory optimization platform that uses analytics and machine learning to give multi-channel brands a leg up when it comes to determining what the ideal stock level would be across all of the sales channels and inventory locations.
– The company’s predictive platform puts users in the driver’s seat for sales, supply chain operations and inventory decisions so that they can keep up with the pace of sales so that they avoid having too much, or not enough, inventory.

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Artificial Intelligence Machine Learning North America Predictive Analytics Procurement SaaS Software Supply Chain Management

LevaData Raises $47M in Series C Funding

– LevaData announced a $47m Series C funding round.
– The round was led by Banneker Partners with participation from Tola Capital.
– The investment comes after the company experienced significant global revenue growth during the first half of 2021.
– LevaData offers supply management teams the predictive insights needed to act before cost and events negatively impact margins or speed to market.
– Many of the world’s largest brands rely on LevaData.
– The investment and partnership will help LevaData accelerate its growth strategies at a time when its customers and primary markets are most vulnerable and need them most.
– Areas of investment priorities include the continuous improvement of their integrated platform capabilities, a deeper physical presence in key global markets, and the creation of hundreds of new jobs.

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Logistics Software South Asia Supply Chain Management

Elixia Tech Raises USD 1M in Pre-Series A Funding

– Elixia Tech from Mumbai is a supply chain tech startup.
– Company raised USD1M in Pre-Series A funding.
– The round was led by Rajasthan Venture Capital Fund.
– The company intends to use the funds to scale up its presence in both domestic and international markets.

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Business Intelligence Logistics North America Software Supply Chain Management

Trax Receives Growth Financing From Accel-KKR Credit Partners

– Trax Technologies, an Irving, Texas-based global transportation spend management and payments company serving global shippers with logistics ecosystems, received debt financing from Accel-KKR Credit Partners.
– Led by Hamp Wall, CEO, Trax is a global leader in Transportation Spend Management solutions combining cloud-based applications with expert services to allow customers to manage and control their global transportation costs and drive enterprise-wide efficiency.
– The financing will support Trax’ next stage of growth.

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B2B Logistics Marketplace Mining North America Software Supply Chain Management

Felux Raises $5.1M in Seed Funding

– Felux is a B2B marketplace and supply chain platform for the steel and industrial industry.
– Company raised $5.1m in seed funding.
– The round was led by Expa, with participation from 8VC and Lightbank.
– The new investment will be used to continue expanding operations and business reach.

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Cannabis Information Technology Logistics Manufacturing North America Supply Chain Management

California Cannabis Startup Radiant Canna Raises $6M, Targets Multi-State Expansion

– Radiant Canna closed a $6M Seed Round investment.
– The round was led by D4 Investments, the investment arm of D4 LLC, part of the family office of James Kinsella and Robert McNeal. Other investors in the seed round include Donald Kivowitz and Charles Putnam, as well as Emles Venture Partners and West Creek Investments.
– The company provides tech-forward manufacturing and distribution services in California to multi-award-winning brands, including Mendocino Grasslands, Ahti Hash, SOG Army, Wonder Extracts, Arcanna, Woodstock Heritage Strains, Ridgetop Botanicals, Madame Munchie, and its own in-house extracts brand, Cosmic.

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Construction Logistics North America Software Supply Chain Management

Construction procurement platform Agora nabs $30M

– Agora, a construction procurement platform, raised an additional $33m series B funding, bringing total investment to $44m.
– Investors include Tiger Global, 8VC, Tishman Speyer, Suffolk Construction, Jerry Yang, Michael Ovitz, LeFrak, and Kevin Hartz.
– The company helps contractors streamline the paperwork required for ordering and tracking construction materials, an area expected to see an uptick in the wake of the new infrastructure bill in the U.S.
– The company’s software complements other construction digital twins tech by improving the material management aspects to increase time on tools.
– The investment will help boost its staff and R&D efforts.

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E-Commerce Logistics SaaS Software Southeast Asia Supply Chain Management

Parcel Perform Raises US$20M in Series A Funding

– Parcel Perform from Singapore develops a cloud-based delivery experience platform for e-commerce businesses worldwide.
– The company raised $20m in Series A funding.
– The round was led by Cambridge Capital, with participation from new investor SoftBank Ventures Asia and existing investors Wavemaker Partners and Investible.
– The new investment will be used to establish a regional headquarters in North America and grow to 150 employees globally by the end of the year.

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Information Technology Internet Logistics Marine Technology Marine Transportation Sub-Saharan Africa Supply Chain Management Transportation

Nigerian digital freight provider MVX lands $1.3M to help shippers move cargoes faster

– MVX, a Nigerian-based digital freight company, raised $1.3m in seed funding.
– MVX raised money for its seed round from Africa-focused firms Kepple Africa, The Continent Venture Partners, Founders Factory, Launch Africa, and Capital Oak.
– Some angel investors in the U.S., Japan, Nigeria, and South Africa also participated.
– MVX plans to use the funding to expand its operations in Nigeria and other African countries.

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Artificial Intelligence Information Services North America Software Supply Chain Management

SupplyHive Closes $2M Seed Funding

– SupplyHive, a Chicago, IL-based provider of Supplier Performance Management Technology, closed a $2m seed funding round.
– The round was led by Loud Capital with participation from Revolution’s Rise of the Rest Seed Fund and Cleveland Avenue-CAST US.
– The company intends to use the funds to expand its sales and marketing efforts and further product development and integrations.

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Artificial Intelligence Cyber Security North America Risk Management SaaS Supply Chain Management

Interos Raises $100M in Series C Financing

– Interos is an Arlington, VA-based supply chain risk management and operational resilience technology company.
– The company raised $100m in Series C funding.
– The round was led by NightDragon with participation from current investors Kleiner Perkins and Venrock.
– The new investment will be used to expand operations and business reach.

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B2B E-Commerce Internet Logistics Marketplace Southeast Asia Supply Chain Management

Indonesian B2B marketplace GudangAda raises more than $100M in new funding

– GudangAda, a Jakarta-based marketplace that brings wholesalers closer to retail stores and other buyers, announced it has closed a Series B of more than $100 million.
– The company says the round was oversubscribed, passing its initial target of $75 million.
– The funding was led by Asia Partners and Falcon Edge, with participation from Sequoia Capital India, Alpha JWC and Wavemaker Partners.
– This brings GudangAda’s total raised so far to about $135 million.
– Its last funding was a $25.4 million Series A last year, led by Sequoia Capital India and Alpha JWC.
– Founded in January 2019, GudangAda is now used by half a million SMEs and covers 500 cities in Indonesia.

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Information Services Internet Logistics South Asia Supply Chain Management Transportation

India’s BlackBuck valued at $1 billion in $67 million fundraise

– BlackBuck, a freight and logistics startup, raised $67m in Series E funding.
– The round was led by Tribe Capital, IFC Emerging Asia Fund and VEF.
– It brings the startup to a valuation of $1.02bn.
– The startup has developed a simplified app for truck drivers in India, who are typically not very literate, to help them accept work and easily navigate to their destination using Google Maps.
– On the client side, businesses can fire up a similar app to place orders.

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Delivery Service Food and Beverage Food Delivery Marketing Restaurants Supply Chain Management Western Europe

Choco Raises $100M in Series B Funding

– Choco, a Berlin, Germany-based technology company building a connected global food system, raised $100m in Series B funding.
– The round was led by Left Lane Capital and joined by venture capital and private equity firm Insight Partners, with further participation from existing investors Coatue Management and Bessemer Venture Partners.
– The new investment will be used to continue expanding operations, development efforts, continue adding new functionalities that respond to real-time changes in the food services industry, and its business reach growing its existing customer footprint in its six current markets: the United States, Germany, France, Spain, Austria, and Belgium.

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B2B Financial Services FinTech Mobile Apps Mobile Payments Southeast Asia Supply Chain Management

Singapore-based Tinvio raises $12M Series A to build financial services for supply chain merchants

– Singapore-based startup Tinvio raised $12m in Series A funding.
– The round was led by AppWorks Ventures, with participation from strategic investor MUFG Innovation Partners, a venture capital firm for collaborations between startups and Mitsubishi UFJ Financial Group.
– All of Tinvio’s existing investors — Sequoia Capital India’s Surge, Global Founders Capital and Partech Ventures — also returned for its Series A, which brings Tinvio’s total raised to $18.5 million.
– Tinvio’s last funding announcement was a $5.5 million seed round in April 2020.

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Logistics North America Public Safety Supply Chain Management

Verve Motion Raises $15M in Series A Funding

– Verve Motion is a wearable robotics startup based in Cambridge, MA.
– The company raised $15M in Series A funding.
– The round was led by Construct Capital with participation from Founder Collective, Pillar VC, Safar Partners, OUP and a number of angel investors.
– The new investment will be used to expand operations and business reach.

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AgTech North America SaaS Software Supply Chain Management

Specright Raises $30M in Series B Funding

– Specright from Tustin develops Specification Management software to manage and share supply chain data across suppliers, manufacturers, and retailers.
– Series B $30m round was led by Sageview Capital with participation from VMG Catalyst, Pritzker Venture Capital Group, Okapi Venture Capital, Fika Ventures, and Mucker Capital.
– The new investment will be used to double the company’s headcount by early 2022 and expand operations globally.

Source
E-Commerce Logistics Supply Chain Management Western Europe

byrd Raises €16M in Series B Funding

– byrd, a Vienna-based tech-driven digital logistics and fulfilment platform, raised €16m in Series B funding.
– The round was led by new investors Mouro Capital, with participation from Speedinvest, Verve Ventures, Rider Global and VentureFriends.
– The company intends to use the funding to hire talent and scale offices already serving existing markets in Austria, France, Germany, and the UK, and expand its fulfilment network into five new geographies in eastern, northern and southern European markets.

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Developer APIs E-Commerce Last Mile Transportation Logistics Marketplace Shipping Software Supply Chain Management Warehousing Western Europe

ShippyPro Raises $5M in Series A Funding

– ShippyPro from Florence, Italy raised $5m in Series A funding.
– The round was led by Five Elms Capital.
– The company plans to use the funds to continue hiring and reach 150 employees in the next 12 months, to execute on its product roadmap, which includes releasing new features to help customers optimize their fulfillment processes and save budget on logistics spend, including functionality that will focus on the CO2 impact of deliveries.

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E-Commerce Logistics Southeast Asia Supply Chain Management

E-commerce logistics startup Locad gets $4.9M seed round led by Sequoia Capital India’s Surge

– Locad, a startup that wants to help with what it describes as an “end-to-end solution” for cross-border e-commerce companies, announced it has raised a $4.9 million seed round.
– The funding was led by Surge (Locad is currently a part of the program’s fifth cohort), with participation from firms like Antler, Febe Ventures, Foxmont, GFC and Hustle Fund.
– It also included angel investors Alessandro Duri, Alexander Friedhoff, Christian Weiss, Henry Ko, Huey Lin, Markus Bruderer, Dr. Markus Erken, Max Moldenhauer, Oliver Mickler, Paulo Campos, Stefan Mader, Thibaud Lecuyer, Tim Marbach and Tim Seithe.

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Cannabis Logistics North America Software Supply Chain Management

Nabis Secures $23M in Series B Funding

– Nabis is a licensed cannabis wholesale marketplace platform.
– Company raised $23m in Series B funding.
– The round was led by FJ Labs, Artemis Growth Partners, Silverleaf Venture Partners, Liquid 2 Ventures and Stanley Tang (Co-Founder, DoorDash).
– Investors in the $5m Series A raise, which closed less than a year ago, included Y Combinator and Babel Ventures.

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Digital Marketing North America Software Supply Chain Management

Tenovos Raises $8M in Series A-1 Funding

– Tenovos is a NYC-based Digital Asset Management (DAM) company for brands to tell stories that matter.
– The company secured an $8m Series A-1 funding round.
– The round was led by Progress Ventures with participation from previous investors including Bertelsmann Digital Media Investments (BDMI), Revel Partners and Dublin Capital and introduces new personal investors including Jeff Lunsford, CEO of Tealium.
– The new investment will be used to accelerate product development and advance the intelligent features of its platform.

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Artificial Intelligence Big Data Food and Beverage Food Processing Information Technology Life Science Machine Learning North America SaaS Software Supply Chain Management

Native.AI Raises $1.75M in Strategic Pre-Seed Funding

– Native.AI is a real-time market and consumer intelligence platform provider.
– The company raised $1.75m in strategic pre-seed funding.
– Backers included current and former leaders at several top companies and government agencies including Blue Apron, The Kellogg Company, USDA and more.
– The new funding will be used to develop the company’s AI-powered platform to uncover, analyze and act on customer feedback to improve product offerings.

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Freight Service Logistics Real Time Shipping Software Supply Chain Management Transportation Western Europe

Forto Raises $240 Million in Funding Led by SoftBank Vision Fund 2 at $1.2 Billion Valuation

– Forto has successfully raised $240M in an investment round.
– The round was led by SoftBank Vision Fund 21, with participation from Citi Ventures and G Squared, and strong backing from existing investors including Northzone, Inven Capital, Cherry Ventures, and Unbound.
– With this round, Forto’s valuation now stands at $1.2B.

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Delivery E-Commerce Last Mile Transportation Latin America Logistics Supply Chain Management

Uello Raises USD 4M in Series A Funding

– Uello, a logtech startup from Sao Paulo, closed its $4m Series A funding.
– The round was led by Btomorrow Ventures (BTV), followed by Capital Lab and Invest Tech.
– The company intends to use the funds to develop of new products and an innovative technological solution to manage the logistics of companies that have their own operation, expand its geographical operations and hire a qualified team.

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Delivery Enterprise Enterprise Applications Enterprise Software Internet Logistics North Africa and the Middle East SaaS Software Supply Chain Management

Bringg, a delivery and fulfillment platform used by Walmart, nabs $100M

– Delivery logistics and fulfillment platform Bringg announced it has raised $100 million in a round of funding led by Insight Partners.
– The series E round gives Bringg a valuation of $1 billion.
– The raise comes as companies across just about every sector have been forced to change how they operate, with the retail industry in particular relying heavily on delivery and logistics infrastructure to continue trading during the pandemic.
– Founded in 2013, Bringg aims to help businesses compete with Amazon. To do so, Bringg’s modular platform enables retailers of any size to choose which tools they need — such as curbside pickup or last-mile delivery — to ensure they get goods from their warehouse to the consumer by tapping into local logistics providers.
– This includes real-time tracking and intelligent routing to optimize the path from seller to buyer.

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Artificial Intelligence Big Data Blockchain Logistics Machine Learning Risk Management Supply Chain Management Western Europe

Circulor Raises $14m Series A to Lead the Future of Sustainable Supply Chain Traceability

– Circulor, the leading provider of supply chain traceability and dynamic CO2 tracking, announced it has closed $14m in Series A funding to accelerate the company’s rapid growth.
The Westly Group led the round with participation from Salesforce Ventures, BHP Ventures, Future Positive Capital, 24Haymarket and Sky Ocean Ventures.
– Existing investors in the company include Boeing HorizonX, Volvo Cars Technology Fund, Jaguar Land Rover’s CVC arm, InMotion Ventures, SYSTEMIQ, Plug and Play and TotalEnergies Ventures.
– Steve Westly, Founder and Managing Partner of The Westly Group, will join the Circulor board.
– Circulor will use the investment to drive ongoing innovation and extend its presence in North America and Asia.

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Logistics North America Risk Management Supply Chain Management Transportation

Overhaul Raises $35M in Series B Funding

– Overhaul, an Austin TX-based company provider of software-based, supply-chain visibility, integrity, and security solution, raised $35M in Series B funding.
– The round was led by Macquarie Capital with participation from Edison Partners and Avanta Ventures (venture arm of CSAA Insurance Group).
– The company will use the funds to accelerate its roadmap in continuing to optimize its current products.

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Food and Beverage North America Packaging Services Supply Chain Management

ShelfLife Announces $3 Million in Seed Funding to Empower Food and Beverage Brands

– ShelfLife, the food and beverage industry’s procurement software and marketplace, announced a $3m Series Seed funding.
– This round was co-led by Switch Ventures and Kindred Ventures, with participation from NextView Ventures.
– ShelfLife will use the funding to grow its team, improve its product, and continue building its network of vetted suppliers.
– Focusing on the $150bn market for ingredients and packaging materials in the United States, ShelfLife connects food and beverage brands with wholesale suppliers.
– It allows brands to seamlessly discover, manage, and order from their suppliers – all in one place.
– With 50 new food and beverage brands launching in a given day, suppliers are offered a place to digitally display product catalogs and acquire new customers across a rapidly evolving landscape.

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Artificial Intelligence Enterprise Software Information Technology Internet of Things Logistics Software Supply Chain Management Western Europe

Nexxiot Raises $25M in Funding

– Nexxiot, a Zurich, Switzerland-based supply chain digitization company, raised $25M in funding.
– The round was led by QVIDTVM.
– The new investment will be used to further improve the company’s technology and expand to North America.

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3D Technology Aerospace Artificial Intelligence Manufacturing North America Supply Chain Management

Relativity Space announces $650 million in funding to build a bigger 3D-printed rocket

– Relativity Space, a space venture that got its start in Seattle and is now working on 3D-printed rockets in California, says it’ll build a bigger launch vehicle with the aid of a similarly huge $650 million Series E funding round.
– The startup says its fully reusable, two-stage Terran R rocket will be capable of launching more than 20,000 kilograms (44,000 pounds) to low Earth orbit.
– The company says the newly announced funding round will help the company scale up production of the Terran R rocket at its 3D-printing facility in Long Beach, Calif.

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Fast-Moving Consumer Goods Green Consumer Goods Internet Supply Chain Management Western Europe

Cleanhub Raises Seed Funding

– Cleanhub from Berlin develops a digital solution that enables local communities in developing countries to create large-scale collection businesses for non-recyclable plastics.
– The company closed a seed funding round of undisclosed amount.
– The round was led by Lakestar and 468 Capital, joined by Übermorgen Ventures, Pirate Impact Capital, and angel investors Andreas Brenner, Marc Stöckli, Charles Songhurst, Erik Hahnloser, and Friedrich Neuman.
– The startup plans to use the capital to further establish its digital solution for businesses and expand its tracking technology for larger collection volumes.

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Data Integration North America Supply Chain Management Warehousing

Open Source Data Integration Company Closes $26 Million Series A Funding Round Led by Benchmark

– Airbyte, creators of the fastest-growing open source data integration platform, announced that it has raised more than $26 million in Series A funding led by Benchmark, with participation from additional investors including 8VC, Accel, SV Angel, and Y Combinator, as well as Shay Bannon, co-founder and CEO of Elastic, Auren Hoffman, co-founder of LiveRamp, and Dev Ittycheria, CEO of MongoDB.
Benchmark General Partner Chetan Puttagunta will also be joining the board of directors.
– Airbyte is establishing the new standard of moving and consolidating data from different sources to data warehouses, data lakes, or databases in a process referred to as extract, load, and, when desired, transform (ELT).

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Information Technology Logistics North America Productivity Tools Supply Chain Management

Waybridge Raises $30MM to Make Physical Commodities Supply Chains More Efficient and Resilient

– Waybridge, the supply chain platform for raw materials, announced it raised $30m in Series B funding co-led by Rucker Park Capital and Craft Ventures, with participation from Venrock.
– Waybridge solves fundamental inefficiencies in the supply chain, enabling clients to buy and sell commodities with less friction, have real-time visibility into their inventory, track shipments, and save time and money by turning many offline manual processes into automated digital processes.
– The new funding brings the company’s total funds raised to $40M.
– “The power of Waybridge is that we combine the financial, the logistical, and the technological into a single transactional platform that provides valuable insight for everyone in the supply chain,” said Brian O’Kelley, co-founder and CEO of Waybridge.

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Blockchain Logistics North America Supply Chain Management

Lucid Green Raises $3.1M in Funding

– Lucid Green Inc. from NYC develops an inventory management solution for cannabis distributors.
– The company raised $3.1M in funding.
– The round was led by Bravos Capital, Silverleaf Ventures, and existing investors FGCP and HALLEY Venture Partners.
– The new investment will be used to further adoption of LucidIDs throughout the entire cannabis supply chain and provide two-way transfer of data at every stop in the cannabis product lifecycle.

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Freight Service Logistics North America Software Supply Chain Management Warehousing

Stord Announces Series C Led by BOND to Enable Cloud-Powered Distribution for Every Retailer

– Stord announced $65m Series C funding led by BOND, bringing total investment in the company to $100m.
– Stord is the company delivering a cloud supply chain for retailers and ecommerce brands.
– Stord will use the funds to continue to build its technology platform and logistics infrastructure to help brands deliver products to their customers faster and more efficiently than they can do on their own.
– Stord more than doubled its headcount in response to significant revenue growth. This year, Stord expects to more than double its 2020 revenue and continue to expand its world class team.

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Delivery Service Logistics North America Supply Chain Management

Canadian white-label delivery service Tyltgo raises $2.3 million CAD in seed round

– Tyltgo raised $2.3m in a seed round led by San Francisco-based venture capital firm TI Platform Management.
– The company provides retailers with same-day delivery and the ability to customize their post-purchase delivery experience through custom messaging and branding.
– Tyltgo has scaled up to work with companies like Bloomex, Canada’s largest flower delivery service, and food technology startups like General Assembly, the world’s first pizza subscription service.
– Tyltgo has nine employees and plans to double the team size over the next two quarters.

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Enterprise Software Logistics North America Software Supply Chain Management

FourKites raises $100M for supply chain visibility

– Chicago, Illinois-based supply chain visibility platform FourKites today said that it raised $100 million in series D financing, bringing its total raised to over $200.5 million.
– The company says that the capital will be toward product development as FourKites expands its global reach.
– Supply chain challenges are myriad in the pandemic world. For retail, it’s estimated that inventory is accurate just 63% of the time, on average. But stakeholders with superior visibility into their supply lines consistently outperform the competition. Seventy-nine percent of companies with high-performing supply chains achieve revenue growth greater than the mean within their industries, according to Logistics Bureau.

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Asset Management Internet of Things Logistics North America Real Time SaaS Shipping Supply Chain Management

Roambee Completes $18+ Million in Series B1 Funding to Expand Real-Time Supply Chain Monitoring – Including Cold Chain Logistics Visibility for COVID-19 Vaccine Maker

– Roambee completed a $18+ million Series B1 funding round led by Reefknot Investments, a global top-tier logistics sector-focused venture capital fund.
– The completion of the fundraise positions Roambee for further expansion of its technology, services and global market penetration ahead of its Series C round targeted for Q2 2021.
– Roambee’s proven monitoring solution, as used by one of the largest US-based vaccine makers, is envisioned by the company as the first step towards transformation of multiple industries via unfettered access to verifiably better supply chain visibility at scale.

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B2B Cannabis CRM E-Commerce Marketplace North America Supply Chain Management Wholesale

Leaf Trade Closes $5.5M Series A Round Led by Artemis Growth Partners, Future Shape, HPA

– Leaf Trade closed its $5.5m Series A round led by Artemis Growth Partners with participation from Future Shape 1.5 and Hyde Park Angels.
– Total funding for Leaf Trade comes to $10m to date. This includes the conversion of the company’s earlier round and provides significant fresh capital to accelerate current growth in the company’s core 17 markets, as well as to expand into west coast markets while continuing to invest in their technology.
– Leaf Trade, a technology company whose platform facilitates wholesale ordering and fulfillment for cultivators and retailers, recently launched its integrated payments platform, Leaf Pay, which provides for seamless, end-to-end order processing and payment for all transactions.

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Analytics Artificial Intelligence Blockchain Consulting Information Technology Machine Learning North America Risk Management Supply Chain Management

Torch.AI Raises $30M to Scale Its AI-Driven High Speed Data Processing Platform

– Torch.AI, a leading global artificial intelligence (AI) firm that uses machine learning to enable massively scaled, ultra high performance data processing, today announced it raised $30m in Series A funding to accelerate its overall growth strategy.
– The funding, led by WestCap Group, a prominent San Francisco-based investment firm, will enable the company to rapidly scale its Nexus™ AI platform to meet increasing demand from clients including Fortune 100 companies and U.S. federal agencies charged with protecting national security.
– Founded in 2017, Torch.AI created a next-generation AI platform that instantaneously understands and richly describes any data in atomic detail, both in memory and in motion. The Nexus™ software creates an intelligent Synaptic Mesh™ across an organization’s data and systems, increasing the surface area of data for discovery and action.

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E-Commerce Europe Logistics Shipping Supply Chain Management

Fulfilment startup Cubyn raises €35M to expand across Europe

– Cubyn, a logistics startup, raised €35m funding.
– The round was led by Eurazeo and Bpifrance Large Venture, with participation from First Bridge Ventures and Fuse Venture Partners.
– Existing backers DN Capital, 360 Capital, Bpifrance Smart Cities fund and BNP Paribas Développement followed on.
– The company will use the new funding to double its team of 85 to more than 170 employees by the end of 2021, and deploy its service more internationally.
– First up is Spain and Portugal (launching next month), followed by Italy, the U.K. and Germany.

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Logistics North America Supply Chain Management Warehousing

Flowspace Raises $31 Million to Expand Fulfillment Platform

– Flowspace, the fulfillment technology platform that’s disrupting the way that e-commerce companies store and ship their products, today announced $31m in new funding.
– The new Series B investment was led by BuildGroup of Austin, Texas with participation from existing investors.
– Founded in 2017, Flowspace has now raised a total of $46m that includes investment from Canvas Ventures, Industrious Ventures, Moment Ventures, 1984 Ventures, eGateway Capital and Y Combinator.
– Flowspace helps businesses manage their warehousing and fulfillment through its proprietary software platform which now runs in hundreds of partnering fulfillment centers across the US.

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Food Delivery Food Processing Information Technology Logistics North America Supply Chain Management

Lineage Logistics Raises $1.9 Billion in New Equity to Fund Investment in Global Network Capacity and Industry-Leading Technology

– Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.9 billion in equity from new and existing strategic partners.
– Participating investors include BentallGreenOak, D1 Capital Partners, Oxford Properties, CenterSquare Investment Management, MS Tactical Value and Conversant Capital, OP Trust, Cohen & Steers, among others.

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Artificial Intelligence Automotive Information Technology Logistics North America Robotics Supply Chain Management

Delivery startup Refraction AI raises $4.2M to expand service areas

– Refraction AI, a company developing semi-autonomous delivery robots, today announced that it raised $4.2 million in seed funding led by Pillar VC.
– Refraction says that the proceeds will be used for customer acquisition, geographic expansion, and product development well into the next year.
– The worsening COVID-19 health crisis in much of the U.S. seems likely to hasten the adoption of self-guided robots and drones for goods transportation. They require disinfection, which companies like Kiwibot, Starship Technologies, and Postmates are conducting manually with sanitation teams. But in some cases, delivery rovers like Refraction’s could minimize the risk of spreading disease.

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Logistics North America Retail Supply Chain Management

Fillogic Raises $2.5M in Seed Funding

– Fillogic is a NYC-based Logistics-as-a-Service platform for retailers.
– The company raised $2.5m in seed funding from James McCann, Chairman and CEO of Food Retail Ventures who will be joining the Fillogic Board, with participation from Jamestown LP, GroundBreak Ventures, Revelry Ventures Partners, XRC Labs, Green Egg Ventures, and other strategic angels including Sandy Sigal.
– The new investment will be used to expand the Fillogic Hub Network nationwide to key strategic markets in the Mid-Atlantic, Atlanta, Los Angeles, Miami, Dallas, Phoenix and San Francisco.

Source
Data Integration North America Supply Chain Management Warehousing

Airbyte Secures $5.2M in Seed Funding

– Airbyte is a San Francisco, CA-based creator of an open-source data integration platform.
– The company raised $5.2m in seed funding.
– The round was led by Accel with participation from YCombinator, 8VC, Calvin French-Owen, co-founder of Segment, Charles Zedlewski, former general manager at Cloudera, Auren Hoffman, co-founder and CEO of LiveRamp and CEO Safegraph, Travis May, co-founder and CEO at Datavant, and Alain Rossmann, president at Machinify.
– The new investment will be used to expand operations and business reach.

Source
Clinical Trials Collaboration Europe Supply Chain Management

TrakCel Fuels Growth and Increased Market Access Through Strategic Investment Round

– TrakCel, a leading supplier of cellular orchestration solutions supporting the cell and gene therapy industry, today announces that it has closed its latest funding round led by AmerisourceBergen and Labcorp (NYSE: LH).
– These strategic investments enable further transformation of TrakCel’s cellular therapy orchestration solution, growth of its existing partner ecosystem, and continued global expansion.
– The company will use both the investment and the combined expertise gained from collaborations with the investors to further augment its offering to both clinical and commercial-stage cell and gene therapy developers as part of its drive toward industry standardization and future innovation.

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E-Commerce Furniture Logistics North America Sales Automation Supply Chain Management

FloorFound Raises $4M in Seed Funding

– FloorFound is a developer of a service that facilitates returns and resales of oversized products for e-commerce retailers.
– The company raised $4m in seed funding.
– The round was led by LiveOak Venture Partners.
– The new investment will be used to expand operations and business reach.

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B2B E-Commerce Logistics North America Software Supply Chain Management

Shippo raises $45M more at $495M valuation as e-commerce booms

– Shippo, a software company that provides shipping-related services to e-commerce companies, raised $45m funding.
– The round was led by D1 Capital and joined by previous investors, including Accel, First Round Capital, and Y Combinator.
– The company plans to use the new capital to continue to grow its customer base.

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Industrial Automation Logistics Manufacturing North America Robotics Supply Chain Management

Locus Robotics raises $150 million to scale its warehouse robotics platform

– Locus Robotics, a Wilmington, Massachusetts-based warehouse robotics startup, today announced it has raised $150 million in series E funding at a $1 billion post-money valuation.
– The company says the funding will allow it to accelerate product innovation and global expansion.
– Locus expects that in the next four years, over a million warehouse robots will be installed and that the number of warehouses using them will grow tenfold.
– Worker shortages attributable to the pandemic have accelerated the adoption of automation.
– According to ABI Research, more than 4 million commercial robots will be installed in over 50,000 warehouses around the world by 2025, up from under 4,000 warehouses as of 2018.

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Brand Marketing Consumer Goods E-Commerce North America Retail Supply Chain Management

Thrasio Raises $750 Million To Buy More Amazon FBA Businesses

– Thrasio is a private equity firm that invests in Amazon FBA businesses.
– The company raised $750m in equity funding.
– The round was led by Oaktree and Advent, and followed by Thrasio’s January debt financing.
– The company plans to use the funding to accelerate its acquisition activities in the Amazon FBA ecosystem.

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Logistics North America SaaS Shipping Supply Chain Management Warehousing

E-Commerce Fulfillment Company ShipMonk Raises $65 Million

– ShipMonk is a leading provider of e-commerce fulfillment and technology solutions.
– The company raised $65m in growth equity from Periphas Capital.
– ShipMonk’s total funding exceeds $365m, including previous funding from SJF Ventures, Grotech Ventures and Supply Chain Ventures.

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North America Procurement SaaS Supply Chain Management

Enterprise Supplier Data Optimization Company Tealbook Raises $14.4 Million

– Tealbook is a trusted source of supplier data.
– The company raised $14.4m in Series A funding.
RTP Global led the round and joined by BDC Capital, Grand Ventures, Reciprocal Ventures, Refinery Ventures, S&P Global, Stand Up Ventures and Workday Ventures.
– The company plans to use the funds to support the platform’s continued innovation, and drive sales and marketing initiatives further expanding the company’s global footprint.

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Logistics North America Software Supply Chain Management Warehousing

Time-Critical Logistics Company Airspace Raises $38 Million

– Airspace is a technology platform revolutionizing time-critical logistics.
– The company raised $38m in Series C funding.
Telstra Ventures and HarbourVest Partners led the round.
– Other participants in the round include return backers Scale Ventures, Defy Partners, Qualcomm Ventures, and Prologis Ventures.
– Including this round, the company has secured a total of over $70m through 3 funding rounds.

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Europe Logistics Shipping Supply Chain Management

Instabox Raises $90M in Series B Funding

– Instabox from near Stockholm, Sweden raised $90m in Series B funding.
– The round was led by EQT Ventures.
– The company intends to use the funds to further invest in technology that will enhance the value-chain for customers and merchants, plus expansion outside of Sweden.
– Instabox is a logistics startup that provides e-commerce deliveries across its locations in Sweden — with a maximum of six hours between the merchant and the consumer — through a smart locker network. The tech platform provides the team with real-time, end-to-end tracking of all deliveries, allowing for optimisation at each step of the way.

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Collaboration Enterprise Applications Enterprise Software Industrial Automation Intelligent Systems Internet Logistics North America Software Supply Chain Management

Slync.io Raises $60M Series B Funding

– Slync.io from Dallas develops a logistics operating process and system orchestration platform for global logistics providers and shippers.
– Series B $60m round led by Goldman Sachs Growth with participation from ACME Ventures, 235 Capital Partners, Correlation Ventures and other existing investors.
– The new investment will be aimed at expanding the company’s business reach in Europe and Asia.
– Goldman Sachs’ John Giannuzzi will also join Slync’s board of directors.

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