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

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
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!
For more exclusive reports, insights, and interviews on the latest updates in e-commerce and logistics, follow us on LinkedIn or join our community as a member.
Also worth your time
Track your parcel here
Event Highlights
North America
Logistics & Supply Chain
ProMat 2023
Mar 20 - 23, 2023 | McCormick Place
Oceania
Retail & E-Commerce
All Star Bash
Mar 16, 2023 | Melbourne
Middle East
Logistics & Supply Chain
Materials Handling Saudi Arabia
Mar 03, 2023 | Jeddah, KSA
North America
Logistics & Supply Chain
LINK2023 Retail Supply Chain Conference
Feb 19 - 22, 2023 | Gaylord Palms Resort and Convention Center
North America
Logistics & Supply Chain
Manifest 2023
Jan 31 - Feb 03, 2023 | Caesars Forum, Las Vegas
More discoveries
Unpacking Supply Chain Digitization for Micro-Retailers
Jul 04, 2022
Business Wire: Convoy Strategically Expands Alliance with MercuryGate
Jul 01, 2022
Funding Roundup: Fresh Funds Raised by Solv, ShopUp, Nautical Commerce and Others
Jul 01, 2022
TechCrunch: Pinterest Elects Google Exec, Bill Ready, as New CEO
Jun 30, 2022
Tech in Asia: Zomato Signs Acquisition Deal with Blinkit for $578M
Jun 29, 2022
Supply Chain Quarterly: Walmart Inducts High-Tech Tablets in Freight Trucks
Jun 28, 2022
State of E-Commerce in Germany 2021
Jun 28, 2022
Guest Post: 5 Effective Ways Technology Enhances Customer Retention
Jun 27, 2022
Alcott Global Podcast: Supply Chain Tech is Here to Stay
Jun 27, 2022
Business Wire: Shipbob Appoints Kamal Sundar As New Supply Chain Leader
Jun 24, 2022
Guest Post: Ultimate E-Commerce Strategies for the Summer Season
Jun 24, 2022
Guest Post: 9 Important Practices for Proper Inventory Management for Startups
Jun 23, 2022
Logistics Management: Fedex and Fourkites Join Forces for New Supply Chain Capabilities
Jun 23, 2022
Retail Dive: Simon Pilots Innovative Search Tool for Shoppers
Jun 22, 2022
Top E-Commerce Trends to Watch this Summer
Jun 21, 2022
Your Story: Delhivery Introduces Same-Day Deliveries for D2C Companies
Jun 21, 2022
Guest Post: Artificial Intelligence in E-Commerce: What’s Next
Jun 21, 2022
Guest Post: How Digital Marketing & Advertising Can Help Grow Your eCommerce Business
Jun 20, 2022
Funding Roundup: New Funds Secured by Zoovu, Cartlow, Khazenly and Others
Jun 17, 2022
Guest Post: 11 Ways to Optimize Your Online Store for Better Conversions
Jun 17, 2022
Apex Insight: Doddle Rolls Out Automated Returns Kiosks
Jun 17, 2022
Unpacking Returns Management in E-Commerce
Jun 17, 2022
Interview with Wilfred Lam: Omnichannel Logistics at LUXASIA
Jun 16, 2022
Fashion Network: Pimberly Strengthens Board with New Member, Dr. Beatrice Lafon
Jun 16, 2022
Yahoo News: Amazon Sets to Launch Prime Air Drone Deliveries
Jun 15, 2022