Funding Roundup: eTaily, CloudFret, Fillogic and Others Secure New Funding Successfully
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:
Awfar Funding
Egyptian e-commerce startup Awfar provides integrated technology solutions for retail businesses, including cloud-based services, point of sale systems, and delivery management. The company recently received a six-figure funding from Value Maker Studio (VMS), to support its expansion into Saudi Arabia. This collaboration between Awfar and VMS is poised to significantly impact the Saudi Arabian startup landscape by providing resources, mentorship, and guidance to entrepreneurs.
Year Founded: 2020
Founder(s): Abdelrahman Galal
Location: Cairo, Egypt
Latest Funding: Undisclosed
Lead Investor(s): Value Maker Studio
Fillogic Series A Funding
Fillogic, a New York-based logistics tech platform, revolutionizes traditional logistics by optimizing retail spaces in malls for sustainable, efficient middle-mile operations. The company, known for its eco-friendly solutions, partners with major shopping malls to offer cost-effective logistics, cutting costs by up to 50%. With $13M raised from a Series A funding round led by Revelry Venture Partners, the funding will accelerate product development and national expansion.
Year Founded: 2018
Founder(s): William Thayer
Location: New York, United States
Latest Funding: $13M
Lead Investor(s): Revelry Venture Partners
CloudFret Funding
Moroccan-based logistics startup CloudFret, using an AI-driven platform, optimizes empty truck returns across Mediterranean shores by connecting shippers and carriers. The platform not only reduces empty truck runs and increases efficiency but also offers services like fast payment, fuel discounts, and cargo insurance. CloudFret recently raised $2.1M in a funding round led by AfriMobility and Azur Innovation Fund, aiming to double its workforce and expand its clientele and services, which include a B2B SaaS marketplace.
Year Founded: 2021
Founder(s): Driss Jabar
Location: Paris, France
Latest Funding: $2.1M
Lead Investor(s): AfriMobility and Azur Innovation Fund
Voyage Freight Pre-Seed Funding
Voyage Freight, a digital freight forwarding company based in Pakistan, aims to streamline export logistics processes with its technology-driven platform, enhancing transparency and efficiency. The platform consolidates all shipping operations onto a single dashboard, offering clients real-time visibility and control over their cargo. After securing $1M in pre-seed funding, Voyage Freight is set to provide an end-to-end global shipping solution using modern technology.
Year Founded: 2022
Founder(s):Omar Mukhtar and Bilal Latif
Location: Lahore, Pakistan
Latest Funding: $1M
Lead Investor(s): Indus Valley Capital
Stockoss Seed Funding
Stockoss, a French logistics tech firm, aims to digitally transform the logistics industry with its software, enhancing efficiency and automation in over 35,000 independent warehouses across Europe. Stockoss provides small warehouse owners with a tool to compete against larger firms and offers customers an Amazon-like experience. After raising €4M in seed funding led by London VC Pi Labs, the investment will support the company's growth into new markets and enhance team development for improved product delivery.
Year Founded: 2018
Founder(s): Laurent Bonnet and Franck Nussbaumer
Location: Paris, France
Latest Funding: €4M
Lead Investor(s): London VC Pi Labs
eTaily Seed Funding
eTaily, a Philippine e-commerce platform enabler, has raised $17.8M in Series A funding led by SKS Capital. This investment will support the company's expansion in Southeast Asia, enhancing its distribution platform and brand portfolio. Leveraging an asset-light model and data-driven insights, eTaily will utilize the fresh capital to improve its proprietary technology stack, focusing on data analytics and AI.
Year Founded: 2020
Founder(s): Alexander Friedhoff
Location: Philippines
Latest Funding: $17.8M
Lead Investor(s): SKS Capital
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