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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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