Funding Roundup: Elenas, FlapKap, Konvy and Others Closed Early-Stage Deals

It has been a remarkable week 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:

Piktina Seed Funding

Piktina is a Ho Chi Minh-based fashion re-commerce firm that has secured $1Mseed funding from Touchstone Partners. Established in June 2022 by the former CEO of ride-hailing company Be Group, Piktina aims to “raise awareness of overconsumption and instill sustainability values in the community to reduce fashion waste, carbon emissions, and conserve the environment.” Using the investment from the recent funding round, the company plans to grow its team and further develop the business model of its re-commerce application.

• Year Founded: 2022

• Founder(s): Nguyen Hoang Phuong

• Location: Ho Chi Minh, Vietnam

• Latest Funding: $1M Seed

• Lead Investor(s): Touchstone Partners

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Konvy Series A Funding

Konvy is an e-commerce startup that is focused on helping beauty brands meet the needs of local consumers. Dubbed as “Thailand’s No.1 Online Beauty Retailer”, the platform currently carries more than 1000 brands, including big names like L’Oréal, Shiseido and La Roche-Posay. Following the recent $10MSeries A led by Insignia Ventures Partners, the company is looking to accelerate its omnichannel and international distribution.  

• Year Founded: 2012

• Founder(s): Leon Huang, Pornsuda Vangvidhayakul and QingGui Huang

• Location: Bangkok, Thailand

• Latest Funding: $10M Series A

• Lead Investor(s): Insignia Ventures Partners

FlapKap Seed Funding

FlapKap is a tech-enabled revenue-based financing platform (RBF) that is revolutionizing e-commerce growth in the MENA region. The company, which presents e-commerce businesses with bank and venture capital financing, has closed a $3.6Mseed round featuring Bolt by QED, Include and a few others. “Having invested and worked with similar companies to FlapKap across other regions such as Europe and Latin America, we are confident this team can attain similar success,” said Gbenga Ajayi, a partner at QED.

• Year Founded: 2022

• Founder(s): Ahmad Coucha, Khaled Nassef, Sherif Bichara and Adel Hodroj

• Location: Cairo, Egypt

• Latest Funding: $3.6M Seed  

• Lead Investor(s): Bolt by QED

Assiduus Global Series A Funding 

Delaware's Assiduus Global is a leading cross-border e-commerce accelerator that provides D2C brands with intelligence, analytics and data with actionable insights. With services ranging from product listing and optimization to inventory management, Assiduus has helped several brands scale their presence over 12 global marketplaces such as Amazon, Walmart and eBay. The $15M injection from its latest Series A will allow the company to enhance technological architecture and deepen its global footprint.

• Year Founded: 2018

• Founder(s): ​​Dr Somdutta Singh

• Location: Wilmington, United States

• Latest Funding: $15M Series A

• Lead Investor(s): Pulsar Capital 

Almacena Seed Funding 

Almacena is a B2B marketplace for agricultural products that “offers digital tools and physical world services to create more efficient, transparent and traceable supply chains.” Since its inception in 2018, the Dutch startup has helped individuals overcome challenges in the coffee supply chain, such as the lack of transparency and consistency. According to EU-Startups, the €3.5M seed funding will enable Almacena to scale up its operations, as well as extend its services to American buyers.

• Year Founded: 2018

• Founder(s): Dimo Yanchev and Karl Robijns

• Location: Amstelveen, the Netherlands

• Latest Funding: €3.5M Seed

• Lead Investor(s): Eleven Ventures

Elenas Series B Funding 

Elenas is a social commerce company that empowers Latin American women to launch online businesses and earn extra income by selling items via social media sites like Whatsapp and Facebook. Having raised $20M in its Series B, the firm can now aid even more women in selling online without having to worry about product sourcing, deliveries or collection of payments. On top of expanding its seller network, Elenas will utilize some funds to build out additional core features like customer relationship management tools and product recommendation services.

• Year Founded: 2018

• Founder(s): Zach Oschin

• Location: Bogota, Colombia

• Latest Funding: $20M Series B

• Lead Investor(s): DILA Capital

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