Funding Roundup: Meolaa, Loop, Pickle and Others Achieve Capital Infusion
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:
Loop Series B Funding
San Francisco-based transportation logistics startup Loop, uses AI to provide visibility into costs, potential savings, and insights across the supply chain. This technology addresses issues in the transportation and logistics industry, such as manual processes and errors in shipping documents. Loop's platform automates audits and payments, streamlining the movement of money between shippers, carriers, and brokers. With a recent $35M investment from a Series B funding round, Loop aims to further develop its payment platform for supply chain management.
Year Founded: 2021
Founder(s): Shaosu Liu and Chase Ellsworth
Location: San Francisco, California, United States
Latest Funding: $35M
Lead Investor(s): J.P Morgan Growth Equity Partners and Index Ventures
MyDello Seed Funding
MyDello, an Estonian logistics platform, is revolutionizing traditional logistics processes by addressing transparency and communication issues in industrial and wholesale logistics management. It aims to introduce digitalization to international transport and claims to help companies reduce logistics costs by 15-20%. In a seed funding led by Superhero Capital, MyDello raised €1.25M to further expand its presence in various European markets.
Year Founded: 2021
Founder(s): Magnus Lepasalu, Joel Timm and Siimu Kaas
Location: Tallinn, Estonia
Latest Funding: €1.25M
Lead Investor(s): Superhero Capital
MarketLeap Funding
MarketLeap, a Luxembourg-based e-commerce platform, has secured €2.6M in funding led by multiple investors. The platform aims to simplify marketplace operations for brands, allowing them to concentrate on product development and sourcing. The company assists brands in selling their products in more than 30 countries, claiming that its customers achieve an average of 4x revenue growth within the first month of operations. The funding will support tech operations, new service offerings, and expansion in the US and UK.
Year Founded: 2022
Founder(s): Mamoun Benkirane and Mekki Mouaddeb
Location: Luxembourg
Latest Funding: €2.6M
Lead Investor(s): Notion Capital, Kima Ventures and Motier Ventures
Pickle Seed Funding
New York’s Pickle operates a fashion rental marketplace where users can rent items from others' closets. The platform focuses on middle-to-upper-tier brands and designers, with rental prices ranging from 10% to 20% of the retail value. Pickle has seen rapid growth, with a 55% month-over-month revenue increase and a 90% customer retention rate. The company recently secured $8M in seed funding to expand into new categories, U.S. markets, and potentially brick-and-mortar retail.
Year Founded: 2021
Founder(s): Julia O’Mara and Brian McMahon
Location: New York, United States
Latest Funding: $8M
Lead Investor(s): FirstMark Capital and Craft Ventures
Meolaa Seed Funding
Meolaa, an e-commerce startup from India, aims to redefine how consumers engage with brands and cater to the growing demand for sustainable products among Indian customers. Currently, the platform offers over 125,000 sustainable products from more than 1,500 brands across six categories, including beauty, personal care, babycare, and health supplements. Meolaa recently secured $2M in seed funding led by Turbostart, with the funding intended for further expansion of its sustainable e-commerce platform.
Year Founded: 2022
Founder(s): Ishita Sawant
Location: Bangalore, India
Latest Funding: $2M
Lead Investor(s): Turbostart
Velostics Seed+ Funding
Velostics, a logistics SaaS firm based in Houston, is addressing the scheduling challenges encountered by carriers, brokers, and freight forwarders. Their cloud-based solution streamlines inbound and outbound truck scheduling, spanning from vendors to end customers and covering manufacturing floors to distribution centers. In a recent seed+ funding round led by Starboard Star, Velostics secured $1.95M, which will play a pivotal role in expanding their unified scheduling platform for shippers.
Year Founded: 2019
Founder(s): Gaurav Khandelwal
Location: Houston, Texas, United States
Latest Funding: $1.95M
Lead Investor(s): Starboard Star
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