Funding Roundup: Convelio, Instafreight, Swiftly Raised Series B Funding and Other Deals

Mar 11, 2022

It has been a phenomenal week for startups in the e-commerce, logistics and supply chain space. In this Ecosystem Funding Roundup, we are happy to feature 7 of their outstanding achievements:

Captain Fresh Series C Funding

Captain Fresh is a business-to-business (B2B) marketplace leveraging technology to deliver the fastest farm-to-retail in the industry. According to TechCrunch, the company has more than doubled its valuation to $500M in a span of three months. With the fresh $50M from its latest Series C round, the Bengaluru-based startup plans on expanding into Southeast Asia and Africa. 

  • Year Founded: 2019

  • Location: Bengaluru, India

  • Latest Funding: $50M Series C

  • Lead Investors: Prosus Ventures and Captain Fresh

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Convelio Series B Funding

Paris-based Convelio is a global logistics firm that specializes in shipping bulky, fragile and luxury goods. Founded by entrepreneurs Clément Ouizille and Edouard Gouin, the company is known for its algorithm-based technology that enables the automation of quotes and workflows for its clients. Even amidst the pandemic, the startup successfully secured $35M in a recent Series B, which is reportedly the largest investment in art logistics to date.

  • Year Founded: 2017

  • Location: Paris, France

  • Latest Funding: $35M Series B

  • Lead Investors: Forestay and Mundi Ventures

Calico Seed Funding

Calico is a supply chain management platform that received the attention of tennis pro, Serena Williams. With Serena Ventures as the lead investor, the $2.1M seed round saw participation from other VC firms including Maple VC and Inovia Capital. Through the combination of artificial intelligence and its network of vetted factory partners, Calico hopes to simplify the supply chain operations of direct-to-consumer (D2C) fashion brands.

  • Year Founded: 2020

  • Location: Toronto, Canada

  • Latest Funding: $2.1M Seed Funding

  • Lead Investors: Serena Ventures

CityMall Series C Funding

CityMall is a social commerce startup known for empowering and providing income opportunities to budding entrepreneurs in India. Focused on Tier II-and-beyond locations in the country, the platform allows individuals to open their own virtual stores and aggregate demand. Following the recent $75M Series C, the company is looking to ramp up its growth initiatives, market expansion and recruitment of new talent.

  • Year Founded: 2019

  • Location: Gurgaon, India

  • Latest Funding: $75M Series C

  • Lead Investors: Norwest Venture Partners and Citius VC

Kicks Crew Series A Funding

Kicks Crew is a global e-commerce platform that aims to address the gap in the current sneakers and apparel market that is hyper-focused on limited editions and luxury offerings. Having worked with big brands like Amazon, eBay and JD.com, the startup is growing at a rapid pace. In fact, it has raised a $6M Series A which will allow it to strengthen its foothold in the US. 

  • Year Founded: 2008

  • Location: Hong Kong

  • Latest Funding: $6M Series A

  • Lead Investors: Gobi Partners, Pacific Century Group and Complex China

Instafreight Series B Funding

Instafreight is a leading logistics tech company that is reinventing the overland transports industry today. With its digital solutions, the digital freight-forwarder offers efficient transport management solutions to both shippers and carriers. The company has just closed a $40M Series B, which is the largest funding round in its history. As per Instafreight’s announcement on Linkedin, the new capital will help with its “next big step” on its “journey to become the biggest digital logistics provider for land transport in Europe.”

  • Year Founded: 2016

  • Location: Berlin, Germany

  • Latest Funding: $40M Series B

  • Lead Investors: Heliad Equity Partners and the European Investment Bank (EIB)

Swiftly Series B Funding

Swiftly offers digital loyalty technology that enables brick-and-mortar grocery retailers to deliver enhanced customer experience and boost customer loyalty. The company works with numerous well-known retailers such as Hershey’s, Colgate, Dove, and Pyrex. The $100 million Series B funding will help the company to scale up as they look to deploy the software across million retail stores globally.

  • Year Founded:2018

  • Location: Seattle, United States

  • Latest Funding: $100M Series B

  • Lead Investors: Wormhole Capital

A huge congratulations to all and we are looking forward to witnessing your growth in the months to come!

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