Nowlun, Vooma, and Others Successfully Closed New Funding Rounds
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 5 of their notable achievements:
Nowlun
Nowlun, founded in 2021 by Moataz Khamis, Mahmoud Khaled, and Ahmed Emara, is an online freight forwarding platform that allows customers to evaluate different services and pricing based on their needs. Nama Ventures and A15 led the startup's seed round of $1.7 million, which also included Sanabil 500 Global and famous angel investors. This fresh capital will be used to support Nowlun's expansion goals and speed up the development of its platform, which provides immediate, transparent, and competitive ocean freight rates, automated shipment management, and real-time insight into cargo movements. "Motivated by a sense of duty, my team and I are dedicated to improving the industry through cutting-edge technology. This funding will allow us to simplify the shipping process further and make shippers' lives easier," said Moataz Khamis, CEO and co-founder of Nowlun.
Year Founded: 2021
Founder(s): Moataz Khamis, Mahmoud Khaled, and Ahmed Emara
Location: Al Iskandariyah, Egypt
Latest Funding: US$1.7M Seed
Lead Investor(s): Nama Ventures and A15
Vooma
Vooma, a strong and rapidly developing AI platform developed for freight brokers and carriers of all sizes, has recently announced a $13 million Series A funding round headed by Craft Ventures. The Series A follows Index Ventures' earlier $3.6 million seed round, which included angel investors, including Motive, Project44, Ryder, and Uber Freight founders and executives. Since its launch in 2023, Vooma has attracted many of the logistics industry’s top brokers and carriers as customers, including Echo, MODE, Arrive Logistics, and NFI. The investments in Vooma, which are driven by strong customer demand, highlight the company's market potential and technology, as well as speed its path to further growth.
Year Founded: 2023
Founder(s): Jesse Buckingham and Mike Carter
Location: San Francisco, United States
Latest Funding: US$13M Series A
Lead Investor(s): Craft Ventures
Kamereo
Kamereo, a business-to-business (B2B) food supply e-commerce platform in Vietnam, has announced a $7.8 million Series B funding round. Sumitomo Corporation, Inspire Co., Ltd., SMBC Venture Capital Co., Ltd., Mitsubishi UFJ Capital Co., Ltd., Reazon Holdings, Inc., and other individual investors contributed the funds, which will be used to expand operations in several cities across Vietnam. This includes increasing the product offering, diversifying activities, launching new services, and improving product features. With this latest funding, the total amount raised has surpassed $15 million.
Year Founded: 2018
Founder(s): Taku Tanaka
Location: Ho Chi Minh City, Vietnam
Latest Funding: US$7.8M Series B
Lead Investor(s): Sumitomo Corporation, Inspire Co., Ltd., SMBC Venture Capital Co., Ltd., Mitsubishi UFJ Capital Co., Ltd., Reazon Holdings, Inc.
Enterpret
Enterpret, the AI-powered customer feedback intelligence platform for product development and CX teams, has secured $20.8 million in Series A funding. Canaan Partners led the round, with participation from several angel investors. Founded in 2020, the business specializes in offering advanced analytics to ecommerce enterprises. Its platform provides information to assist companies to streamline their operations and improve the customer experience. The fresh capital will also go toward Enterpret's employment initiatives.
Year Founded: 2020
Founder(s): Varun Sharma and Arnav Sharma
Location: San Francisco, United States
Latest Funding: US$20.8 Series A
Lead Investor(s): Canaan Partners
Cerve
Cerve is a Gothenburg-based startup that develops tools to integrate, optimize, and improve sustainability in the food and beverage supply chain. The business has raised £3.5 million in a seed round led by SuperSeed. The funds will be utilized to improve the data infrastructure and API capabilities. Cerve intends to use this financing to grow its operations in the United Kingdom, Europe, and North America, as well as increase its R&D capabilities. To fulfil increased demand and continue its purpose of digitizing the food supply chain, the business plans to hire more engineering, product, and technical support staff.
Year Founded: 2019
Founder(s): Dan Mazig
Location: Gothenburg, Sweden
Latest Funding: €3.5M Seed
Lead Investor(s): SuperSeed
