Funding Roundup: Growth Opportunities Secured by Swiftly, Brightflow AI, Prewave and Others
It has been a fantastic 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:
Swiftly Series C Funding
Grocery-tech company, Swiftly, achieved unicorn status after its recent $100M raisein a Series C funding round led by BRV Capital Management. The Seattle-based company delivers omnichannel tools for retailers to enhance the shopping experience in a brick-and-mortar store, making it easier and more engaging. The newly injected funds will be channeled to support Swiftly's rapid growth and to expand its product offerings into new geographies.
Year Founded: 2018
Founders: Daniel Kim, Henry Kim, Karen Ho, Sean Turner
Location: Seattle, United States
Latest Funding: $100M Series C
Lead Investors: BRV Capital Management
Bainbridge Growth Seed Funding
BainbridgeGrowth, a Boston-based software startup, bagged $4M in a Seed funding round led by Vinyl Capital, Las Olas Venture Capital. The startup provides data, analytics and finance offerings in an integrated SaaS solution for Direct-to-Consumers and e-commerce companies. The new capital will be utilized on expanding the team, focusing on areas of engineering, sales and marketing and customer success.
Year Founded: 2021
Founders: Ben Tregoe, Austin Gardner-Smith
Location: Boston, United States
Latest Funding: $4M Seed
Lead Investors: Vinyl Capital, Las Olas Venture Capital
1MRobotics Series A Funding
1MRobotics launches out of stealth with its latest Series A funds closed at $16.5M. Headquartered in Tel Aviv, Israel, the startup develops the next-generation robotic dark stores, also known as robotic nano-fulfilment centres, to meet the ever-growing need for rapid delivery and optimal unit economics. The funds will be leveraged for expansion into new global markets and enterprise clients, as well as the growth of the team.
Year Founded: 2021
Founders: Eyal Yair, Roee Tuval
Location: Tel Aviv, Israel
Latest Funding: $16.5M Series A
Lead Investors: Ibex Investors
Brightflow AI Series A Funding
San Francisco-based startup, Brightflow AI, raised $15M in Series A dollars, led by Haymaker Ventures. Founded in 2019, Brightflow AI is a financial intelligence platform that empowers small businesses to take control of their cash flow and make data-backed decisions. Plans for the capital infusion include hiring more employees to join the team, as well as accelerating product development to provide additional growth opportunities for customers.
Year Founded: 2019
Founders: Robbie Bhathal
Location: San Francisco, United States
Latest Funding: $15M Series A
Lead Investors: Haymaker Ventures
Cargobase Growth Funding
Singapore’s leading logistics software firm, Cargobase, inked its latest growth funding round led by Trestle Partner. The company is well-known for its Transport Management Software (TMS) which offers spot-buy procurement, freight management and analytics, and real-time shipment tracking in 55 countries. As such, the investment will be put towards accelerating product development and global growth for Cargobase.
Year Founded: 2013
Founders: Wiebe Helder
Location: Singapore
Latest Funding: Undisclosed
Lead Investors: Trestle Partner
Prewave Series A Funding
Supply chain risk intelligence platform Prewave has concluded a fresh Series A funding amounting to €11M. Prewave leverages its AI-powered platform to analyze, categorize and directly address the risks that might impact supply chains. Risk alerts are then sent directly to businesses that can contact their suppliers to resolve issues and mitigate disruptions. The investment will be used to expand the platform’s supply chain analysis capabilities and drive customer acquisition in new European markets.
Year Founded: 2017
Founders: Dr. Lisa Smith, Harald Nitschinger
Location: Vienna, Austria
Latest Funding: €11M Series A
Lead Investors: KOMPAS, Ventech
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