Funding Roundup: Dronamics, S...

Funding Roundup: Dronamics, Spreetail, Una Brands and Others Bank Fresh Capital

Mar 03, 2023

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 6 of their notable achievements:

Dronamics Pre-Series A Funding

Dronamics, the world’s first cargo drone airline, has bagged $40M in pre-Series A funding to introduce middle-mile drone deliveries in Europe. The round saw participation from several investors from 12 countries, including Speedinvest and the Strategic Development Fund (SDF), which is the investment arm of the Tawazun Council of Abu Dhabi. SDF's investment will pave the way for a UAE-based joint venture that will expand Dronamics' capacity and support its operations in the Middle East and North Africa region. 

  • Year Founded: 2014

  • Founder(s): Konstantin Rangelov and Svilen Rangelov

  • Location: London, United Kingdom

  • Latest Funding: $40M Pre-Series A

  • Lead Investor(s): Undisclosed

Spreetail Venture Funding

Founded in 2006, Spreetail is a global e-commerce accelerator that provides manufacturers with logistics and channel management services. In its latest news, the company has raised $208M in a venture funding round supported by McCarthy Capital, internal management and other investors. The fresh capital will be used to ramp up technology efficiencies, strengthen brand relationships and invest in channel partnerships. 

  • Year Founded: 2006

  • Founder(s): Brett Thome and Vitali Lapko

  • Location: Lincoln, United States

  • Latest Funding: $208M Unknown Series

  • Lead Investor(s): McCarthy Capital Equity & Debt Funding is the supply chain tech innovator behind the world’s first purpose-built orchestration platform for shippers and logistics service providers. The platform helps connect different systems, automate processes and orchestrate teams, while seamlessly managing structured and unstructured datasets to propel the global freight industry forward. Last week, successfully closed yet another venture funding round, where it secured $24M from investors including Goldman Sachs, Blumberg Capital, among others.

  • Year Founded: 2017

  • Founder(s): Christopher Kirchner, Raj Patel and Varun Dodla 

  • Location: Dallas, United States

  • Latest Funding: $24M Equity + Debt Financing

  • Lead Investor(s): Goldman Sachs

Una Brands Pre-Series C Funding

Una Brands is a leading multi-channel e-commerce aggregator that specializes in acquiring successful online businesses and driving them towards worldwide expansion. With its headquarters in Singapore, the company has extended its reach to the United States and multiple countries in Southeast Asia. Just five months after its Series B last September, the firm just closed a $30Mpre-Series C, with Northstar Group providing sole support for the round.

  • Year Founded: 2020

  • Founder(s): ​​Adrian Johnston, Kiren Tanna, Kushal Patel, Srinivasan Shridharan and Tobias Heusch

  • Location: Singapore

  • Latest Funding: $30M Pre-Series C

  • Lead Investor(s): Northstar Group

FreshToHome Series D Financing

FreshToHome is an e-commerce grocery marketplace that specializes in selling a variety of seafood and meat to its customers. Established in 2015, the platform leverages its robust supply chain network and state-of-the-art processing plants to streamline the sourcing infrastructure of these products. According to TechCrunch, the company has nabbed a whopping $104M in the latest Series D financing round led by Amazon-backed Smbhav Venture Fund, taking its all-time raise to over $250M.

  • Year Founded: 2015

  • Founder(s): Shan Kadavil 

  • Location: Bengaluru, India

  • Latest Funding: $104M Series D

  • Lead Investor(s): Amazon’s Smbhav Venture Fund

Mily Technologies Pre-Seed Funding 

Munich-based Mily Technologies offers businesses a consolidated data source to enable data-driven decisions. Its delivery analytics platform merges business analytics with location intelligence, empowering parcel delivery firms to optimize their performance. Earlier this week, the startup secured €1M as part of its pre-seed funding, which will go towards driving its European expansion plans and recruiting efforts.

  • Year Founded: 2021

  • Founder(s): Aleksandar Buha and Miloš Zlatković

  • Location: Munich, Germany 

  • Latest Funding: €1M Pre-Seed

  • Lead Investor(s): South Central Ventures

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