Funding Roundup: Cogoport, Productsup, Wholesum and Many More Score Funding 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:

Packfleet Seed Funding

Packfleet is a London-based logistics company that claims to bring the technology used by food delivery platforms to all forms of package delivery. Founded in 2021 by ex-Monzo employees, Packfleet is focused on helping smaller, independent businesses compete with (and beat) the likes of Amazon. The startup has now raised $10.8M seed funding to grow its team and scale up operations to support its recent growth.

• Year Founded: 2021

• Founders: Hugo Cornejo, Josh Garnham, Robin Bilgil, Tristan Thomas

• Location: London, United Kingdom

• Latest Funding: $10.8M Seed

• Lead Investors: Creandum

Wholesum Series A Funding

Wholesum, a South Korean e-commerce aggregator, has completed a $50M Series A round led by Antler Global, Kingsway Capital and Widus Partners. On top of helping brands accelerate sales and expand profit margins, Wholesum also plays a vital role in creating long-term value for stakeholders. The company is currently working with five local brands and has plans to acquire an additional 15 to 20 across various categories by the end of 2022.

• Year Founded: 2021

• Founders: Andrew Vincent Joo, Kyung Beom Ham

• Location: Seoul, South Korea

• Latest Funding: $50M Series A

• Lead Investors: Antler, Kingsway Capital, Widus Partners

Productsup Series B Funding

Productsup is a product-to-consumer (P2C) platform that enables retailers to better navigate the e-commerce space. Since its inception in 2010, the Berlin-based startup has grown to more than 250 employees across different offices and has worked with over 900 brands such as IKEA, Redbubble and Sephora. With the $70M funding from the latest Series B, the company will be able to fortify its presence in the market and also develop more e-commerce business management tools.

• Year Founded: 2010

• Founders: Johannis Hatt, Kai Seefeldt, Marcel Hollerbach

• Location: Berlin, Germany

• Latest Funding: $70M Series B

• Lead Investors: Bregal Milestone 

Go North Seed Funding

Go North is a Swedish e-commerce company which acquires and scales businesses on Amazon and beyond. In just a few months Go North has already built a portfolio of 11 promising brands and has big aspirations for the near future. Following the recent $8.3M seed round featuring eEquity, the team is looking to extend its operations and business reach in nearby geographies.

• Year Founded: 2020

• Founders: Johan Hallenby

• Location: Gothenburg, Sweden

• Latest Funding: $8.3M Seed

• Lead Investors: eEquity

Peeba Seed Funding

Peeba is a B2B wholesale marketplace that connects local retailers in Asia with unique brands from around the world. The startup has secured $4.2M seed funding from Headline Ventures to double its headcount and enhance local language support across 11 Asian markets. According to the Co-Founder Kevin Cho, the company will also bolster its machine learning engine and proprietary technology to improve the automation of credit checks for its retailers.

• Year Founded: 2020

• Founders: Jacky Lai, Kevin Cho

• Location: Kowloon, Hong Kong

• Latest Funding: $4.2M Seed

• Lead Investors: Headline Ventures

Cogoport Series B Funding

Cogoport is a fast-growing tech-driven logistics firm that is simplifying global logistics, one shipment at a time. By leveraging cutting-edge technology and real-time data, Cogoport assists clients with their end-to-end freight logistics management. The $50M injection from the Tiger Global-backed Series B will thus ensure the most efficient utilization of their capacities to serve the needs of their customers.

• Year Founded: 2016

• Founders: Shekhar Purnendu, Anurag Dabral, Harsh Kumar, Kunal Rathod, Nishant Dalmia

• Location: Mumbai, India

• Latest Funding: $50M Series B

• Lead Investors: Tiger Global Management

Fetch Rewards Series E Funding

As its name suggests, Fetch Rewards is a mobile shopping platform that offers free rewards for customers who submit receipts of their purchases via its app. With Fetch Rewards, brand partners have access to a one-stop digital loyalty and marketing platform that allows them to have a 360-degree view of consumer insights and shopping habits. The team at Fetch Rewards hopes to fuel its aggressive growth with the $240M raised in its recent Series E round.

• Year Founded: 2013

• Founders: Tyler Kennedy, Wes Schroll

• Location: Great Lakes, United States

• Latest Funding: $240M Series E

• Lead Investors: Hamilton Lane

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

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