Funding Roundup: Fair Supply, Shippeo, and Others Received Fresh Capital
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 5 of their notable achievements:
Fair Supply
Fair Supply, a technology business that automates supply-chain environment, social, and governance (ESG) compliance, has announced a capital raising of "more than $12 million" so far. Local VC AirTree led the round, which also included Tidal Ventures, Dr Andrew Forrest's Minderoo Foundation, and Queensland Investment Corporation (QIC), an early adopter. The new funds will be used to introduce new products and extend into international markets in order to address ESG reporting as authorities in the UK, EU, Australia, and Japan seek to avoid corporate greenwashing.
Year Founded: 2019
Founder(s): Kimberly Randle and Dr. Arne Geschke
Location: Sydney, Australia
Latest Funding: US$12M
Lead Investor(s): Sydney-based Five V Capital
Shippeo
Shippeo is a global leader in real-time multimodal transportation visibility. Recently, the business has announced a $30 million strategic funding round led by Woven Capital, Toyota's growth fund, with existing investors including Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good, and Yamaha Motor Ventures. This fresh capital will help Shippeo speed up its development into North America and APAC, as well as drive improvements to its industry-leading Real-Time Transportation Visibility Platform. With this round, Shippeo's total funding has surpassed $140 million.
Year Founded: 2014
Founder(s): Pierre Khoury & Lucien Besse
Location: Paris, France
Latest Funding: US$30M
Lead Investor(s): Woven Capital, Toyota's growth fund
Overhaul
Overhaul, the industry leader in active supply chain risk management and intelligence, today announced the successful completion of a $55 million equity funding round led by Springcoast Partners ("Springcoast"), a growth equity firm focused on partnering with market-leading software and technology companies, with additional participation from existing investors Edison Partners and Americo. Springcoast's expansion investment will help Overhaul continue to progress in artificial intelligence and support its planned acquisition path.
Year Founded: 2016
Founder(s): Barry Conlon and David Broe
Location: Texas, United States
Latest Funding: US$55M
Lead Investor(s): Springcoast Partners
Pipe17
Pipe17 is a Seattle business that developed a platform for managing e-commerce operations. It has revealed that the business has acquired $15.5 million in Series A funding and appointed its first chief operations officer. This financing has highlighted the company's quick expansion and strategic aim to improve commerce operations. "We are at a pivotal moment in commerce, where businesses are under immense pressure to adapt to an increasingly complex and fragmented landscape," said Mo Afshar, CEO and Co-Founder of Pipe17. "Pipe17 is well positioned to solve these difficulties and influence the future of commerce. This funding round, together with Kelly Goetsch's appointment, heralds the next stage of our expansion. We will continue to create and grow the infrastructure that businesses require to integrate their operations and achieve new levels of efficiency.
Year Founded: 2019
Founder(s): Mohamad Afshar
Location: Seattle, United States
Latest Funding: US$15.5M Series A
Lead Investor(s): LFX Venture Partners
PrettyDamnQuick
PrettyDamnQuick (PDQ), the operational data platform for successful commerce, has announced closing a $25 million Series A round led by Peakspan Capital, with participation from current investors TLV Partners and Moneta. The business will utilize the capital to expand its market presence and accelerate the development of its superior checkout and shipping personalization engine, allowing businesses to increase customer growth, establish loyalty, and compete more effectively with global giants such as Amazon. This round takes the overall funding for PDQ to $38 million since its inception in 2020.
Year Founded: 2020
Founder(s): Avi Moskowitz
Location: Tel Aviv, Israel
Latest Funding: US$25M Series A
Lead Investor(s): Peakspan Capital
