Funding Roundup: Airhouse, Sourceful, Pi Beam Electric and Other Early-Stage Deals

It has been yet another great week for startups in the e-commerce, logistics and supply chain space. In this week’s Ecosystem Funding Roundup, we are happy to feature 7 of their amazing achievements:
Sourceful Series A Funding
Sourceful is a supply chain transparency startup that helps brands minimize the environmental damage associated with product sourcing choices. For its initial push, the company is focusing on packaging, an area that is notorious for having high carbon emissions. Their platform allows brands to experiment with different design variations and see in real-time how those choices impact the carbon footprint of each order. The $20M Series A funding will help fuel its expansion into international markets and also double the size of its team within the next two years.
Year Founded: 2020
Founders: Sharon C., Wing Chan
Location: Manchester, United Kingdom
Latest Funding: $20M Series A
Lead Investors: Index Ventures, Coatue, Eka Ventures
- Did you know that 59% of shoppers would buy more for free shipping?Sign up now to unlock all our data-driven reports!
Kwik Series A Funding
Kwik is a Nigerian logistics and delivery company connecting businesses to independent delivery riders, also known as Kwisters. Founded in mid-2019, Kwik has rapidly expanded both in terms of customer base and services, with 100,000 merchants to-date. Through the $2M funding from its recent Series A, the company will add financial services to its existing last-mile offerings, bringing it one step closer to its goal of becoming the prime app choice for African vendors and merchants.
Year Founded: 2019
Founders: Romain Poirot-Lellig
Location: Lagos, Nigeria
Latest Funding: $2M Series A
Lead Investors: XBTO Ventures
Dispatch Series A Funding
Dispatch, the leading B2B last-mile delivery platform, has completed a $50M Series C round to support its expansion into 50 additional markets across the country. Through the combination of its software and on-demand last-mile delivery network, Dispatch is satisfying an intense need for rapid, seamless deliveries in today’s marketplace. According to the CEO and Co-Founder Andrew Leone, “partnering with SpeakSpan is a win-win” as the firm not only understood their product and mission but also aligned with their core values.
Year Founded: 2016
Founders: Andrew Leone, Ryan Hanson
Location: Minnesota, United States
Latest Funding: $50M Series C
Lead Investors: PeakSpan Capital
Parcelly Series A Funding
UK’s Parcelly is a carrier agnostic logistics tech platform that allows e-commerce companies to hire excess storage space in real estate. Since its inception in 2014, the company has worked with global clients including DHL Express, Delivroo and UberEats. Through its proprietary mobile app technology, Parcelly is revolutionizing the world of urban logistics to meet the growing consumer expectations, along with efficiency and sustainability goals. The team hopes to use the $6.7M from its latest equity investment to accelerate its platform development, as well as its strategic expansion in the U.S. and continental Europe.
Year Founded: 2014
Founders: Sebastian Steinhauser
Location: London, United Kingdom
Latest Funding: $6.7M Series A
Lead Investors: Scania Growth Capital
Yami Series B Funding
Yami is the largest direct-to-consumer (DTC) online marketplace in North America specializing in Asian food, products and household goods. For 15 years now, the company has brought the world closer by providing authentic experiences of Asian culture to consumers across the region. Following the $50M Series B led by Altos Ventures and Balsam Bay Partners, Yami is looking to invest in emerging technologies and further its US expansion by setting up another warehouse in New Jersey.
Year Founded: 2013
Founders: Alex Zhou
Location: California, United States
Latest Funding: $50M Series B
Lead Investors: Altos Ventures, Balsam Bay Partners
Pi Beam Electric Pre-Series A Funding
Pi Beam Electric is an Indian logistics and transportation startup that offers end-to-end sustainable EV solutions with data-driven analytics to enhance productivity in last-mile logistics space. With climate change concerns taking center stage globally, Pi Beam has become a key player in the country’s aggressively growing EV ecosystem. The $1.7M injection from the latest financing round will enable the company to further develop the technology and infrastructure needed to empower the millions of stakeholders in the industry.
Year Founded: 2013
Founders: Visakh Sasikumar
Location: Chennai, India
Latest Funding: $1.7M Pre-Series A
Lead Investors: Inflection Point Ventures
Airhouse Series A Funding
Airhouse is a next-generation fulfillment firm helping brands manage their logistics. By connecting its intuitive software with warehouse management systems of its 3PL partners, Airhouse makes it easier for businesses to get up and running. With the $11M from the DNX Ventures-backed Series A, the company will be ramping up investments in “building a best-in-class e-commerce operations platform for high-growth, modern brands.”
Year Founded: 2018
Founder: Kevin Gibbon, Sarah Siwak
Location: California, United States
Latest Funding: $11M Series A
Lead Investors: DNX Ventures
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