Funding Roundup: eTaily, Clou...

Funding Roundup: eTaily, CloudFret, Fillogic and Others Secure New Funding Successfully

Nov 17, 2023
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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