Funding Roundup: Moova, Impul...

Funding Roundup: Moova, Impulse Space, Verity and Others Fuel Expansion with New Investments

Jul 28, 2023

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:

Verity Series B Funding

Verity, a Swiss startup that specializes in drone-based inventory management, has deployed its drones in warehouses across 13 countries. Its drones are designed to scan and inventory shelves in warehouses, offering a solution for hard-to-reach areas with extending scaffolding systems. In a Series B funding round led by A.P Moller Holding, Verity has secured a total of $43M for its international expansion and meeting the demand for its autonomous and automated inventory management technology.

  • Year Founded: 2014

  • Founder(s): Markus Waibel and Raffaello D'Andrea

  • Location: Zurich, Switzerland

  • Latest Funding: $43M Series B

  • Lead Investor(s): A.P. Moller Holding

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GoRamp Seed Funding

GoRamp, a Lithuanian SaaS solution, tackles manufacturing supply chain challenges with automation and data-driven decision-making. The company has a loyal customer base in over 20 countries and aims to drive rapid global growth in the logistics digitization era. With €2.7M raised in a late seed round led by Lead Ventures, GoRamp aims to accelerate its growth in key European markets and strengthen its presence in the US market.

  • Year Founded: 2017

  • Founder(s): Jevgenij Polonis, Marius Repecka and Ugne Palionyte

  • Location: Vilnius, Lithuania

  • Latest Funding: €2.7M

  • Lead Investor(s): Lead Ventures

Impulse Space Series A Funding

Space logistics startup Impulse Space raised $45M in a Series A funding round led by RTX Ventures. They are developing orbital transportation vehicles like Mira and Helios for last-mile payload delivery. Impulse plans on on-orbit refueling missions and partnerships with other space companies, with future missions to Mars. The funding will be used to develop the Helios vehicle further, enabling direct access to geostationary orbit.

  • Year Founded: 2021

  • Founder(s): Tom Mueller

  • Location: El Segundo, California

  • Latest Funding: $45M Series A

  • Lead Investor(s): RTX Ventures

Mydawa Funding

Kenyan-based e-health startup MyDawa aims to open up its technology infrastructure to support other businesses in the health sector to scale. MyDawa started as an e-pharmacy and has now diversified to offer online and in-person consultations, laboratory services, and its own branded products. MyDawa secured $20M in recent funding led by Alta Semper Capital to expand its services and product offerings and become a comprehensive health platform.

  • Year Founded: 2015

  • Founder(s): Neil O'Leary

  • Location: Nairobi, Kenya

  • Latest Funding: $20M

  • Lead Investor(s): Alta Semper Capital

Moova Funding

Moova, an Argentinean logistics technology platform, aims to revolutionize logistics in Latin America by utilizing idle capacity and leveraging digitalization and artificial intelligence. The company handles one million shipments per month across nine Latin American nations. It recently secured a $5M investment in its latest funding round led by Toyota Tsusho Corporation. The funding will enhance Moova's technology and market reach as it expands in the region.

  • Year Founded: 2018

  • Founder(s): Antonio Migliore and Marcos Amaro Detry

  • Location: Buenos Aires, Argentina

  • Latest Funding: $5M

  • Lead Investor(s): Toyota Tsusho Corporation

Baskit Seed Funding

Baskit, a supply-chain startup based in Indonesia, aims to empower SMEs by providing digital tools to streamline operations and access better pricing. Currently, the platform offers virtual salespeople and inventory management support to distributors and wholesalers in Indonesia. Baskit recently secured a $3.3M in seed funding led by Betatron Venture Group, where the fresh funding will be used to expand revenue streams, enhance technology, and secure contracts with brand principals and manufacturers.

  • Year Founded: 2022

  • Founder(s): Yann Schuermans

  • Location: Jakarta, Indonesia

  • Latest Funding: $3.3M

  • Lead Investor(s): Betatron Venture Group

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