Funding Roundup: New Growth O...

Funding Roundup: New Growth Opportunities for Jurugan Material, Duhqa, McEasy and Other Deals

Jul 08, 2022

It has been an extraordinary 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 outstanding achievements:

McEasy Series A Funding 

Indonesia-based McEasy, a logistics software-as-a-service firm, has raised $6.5M in Series A round led by East Ventures. Founded in 2017, McEasy has provided solutions to more than 200 companies with its real-time vehicle tracking software, a transportation management system, and a fleet management app. With that, the new capital will be used on developing products for SMEs and establishing a stronger foothold in Indonesia’s Tier 2 and Tier 3 cities. 

  • Year Founded: 2017

  • Founders: Raymond Sutjiono, Hendrik Ekowaluyo

  • Location: Surabaya, Indonesia

  • Latest Funding: $6.5M Series A

  • Lead Investors: East Venture

Juragan Material Seed Funding 

Construction technology company, Jurugan Material, has bagged $4M in seed funding led by Go-Ventures. The Indonesian firm is one of the fastest-growing construction technology companies in its market, with over 9,000 SKUs and over 180 brands onboarded on its platform. The newly injected funds will be channeled to grow its team and improve its product ecosystem to enhance the market penetration of its business-to-business market.

  • Year Founded: 2021

  • Founders: Graceila Putri, Tito Putra, Meichael Surja, Ricky Fernando

  • Location: Jawa Barat, Indonesia

  • Latest Funding: $4M Seed 

  • Lead Investors: Go-Ventures

Logiwa Series B Funding 

Logiwa, a cloud fulfillment platform, raised $16.4M in Series B funding to expand its AI-powered technology solution that powers the shipping operations for direct-to-consumer (D2C) businesses. Since 2004, Logiwa continues to enhance its cloud-based warehouse management system platform, increasing warehouse order processing capacity by 200% and labor efficiency by more than 40%.

  • Year Founded: 2004

  • Founders: Erhan Musaoglu

  • Location: Chicago, United States

  • Latest Funding: $16.4M Series B

  • Lead Investors: NewRoad Capital Partners

Kardinal Series A Funding 

The Parisian route optimization solution company, Kardinal, secured $10M in Series A funding led by Benhamou Global Ventures. With this Series A, Kardinal strives to become the European leader in optimizing last-mile logistics and improving its environmental impact. The company will expand into more European countries and double its workforce to support this expansion.

  • Year Founded: 2015

  • Founders: Jonathan Bouaziz, Hugo Farizon, Cédric Hervet

  • Location: Paris, France

  • Latest Funding: $10M Series A

  • Lead Investors: Benhamou Global Ventures 

Flexe Series D Funding 

Seattle-based logistics firm, Flexe hits unicorn after its latest $119M in Series D funding. The programmatic logistics leader aims to accelerate its logistics program adoption which helps large retailers and other brands with e-commerce fulfillment, scalable warehousing solutions and retail distribution. 

  • Year Founded: 2013

  • Founders: Karl Siebrecht

  • Location: Seattle, United States

  • Latest Funding: $119M Series D

  • Lead Investors: BlackRock, Tiger Global 

Duhqa Seed Funding 

Kenyan B2B logistics startup Duhqa has raised $2M in seed funding to scale its service offering within Kenya and East Africa, as well as expand its merchant network and provide more digital tools. Founded in 2021, Duhqa continues to empower informal African merchants to digitally source and pay for inventory, get delivery conveniently and access short-term financing

  • Year Founded: 2021

  • Founders: Victor Maina, Davis Angwenyi, Dudu Moilwa 

  • Location: Nairobi, Kenya

  • Latest Funding: $2M Seed

  • Lead Investors:  CrossFund, Roselake Ventures, and Mo Angels

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