Funding Roundup: Nuvocargo, Dexory, CADDi and Others Celebrate Recent Funding
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:
Nuvocargo Series B Funding
Nuvocargo, a cross-border freight startup, raised $36.5M in Series B funding led by QED Investors. Nuvocargo's unique expertise and innovative technology position them as a leader in the industry, driving the technological revolution in cross-border freight operations between the two countries. The funds will support the expansion of operations to major US-Mexico border crossings and the integration of artificial intelligence into their products.
Year Founded: 2019
Founder(s): Deepak Chhugani
Location: New York, United States
Latest Funding: $36.5M Series B
Lead Investor(s): QED Investors
Dexory Series A Funding
Warehouse solutions provider Dexory aims to embed accurate and real-time data into customers' supply chains, setting a new standard for future warehouses. enables quick warehouse scans, enhanced inventory visibility, and optimized performance. It recently raised $19M in a Series A funding led by Atomico, where the funding will support international expansion, doubling Dexory's workforce, and developing forecasting and simulation technology.
Year Founded: 2015
Founder(s): Andrei Danescu, Adrian Negoita and Oana Jinga
Location: London, United Kingdom
Latest Funding: $19M Series A
Lead Investor(s): Atomico
Shop Zetu Pre-Seed Funding
Kenyan e-commerce company Shop Zetu, aims to be Africa's top fashion and lifestyle marketplace, offering centralized services for vendors, content creation, marketing, and warehousing. It has seen impressive growth with a 400% increase in monthly orders and over 30,000 customers. In a pre-seed funding round led by Chui Ventures, the company raised $1M to support customer base expansion in Kenya, onboard 1,000 brands, and enter new product categories.
Year Founded: 2019
Founder(s): Marvin Kiragu and Wandia Gichuru
Location: Nairobi, Kenya
Latest Funding: $1M
Lead Investor(s): Chui Ventures
Boxhub Series A Funding
Based in New York, BoxHub operates as an e-commerce and logistics platform facilitating the purchase, sale, and delivery of shipping containers. The platform facilitates the purchase, sale, and delivery of shipping containers, repurposing them for various uses like portable storage and upcycling projects. BoxHub recently raised $12.4M in a Series A funding round led by AlleyCorp to support international expansion and product development.
Year Founded: 2017
Founder(s): Maximilian Birner and Philip Skov
Location: New York, United States
Latest Funding: $12.4M Series A
Lead Investor(s): AlleyCorp
NOMU Group Seed Funding
Riyadh-based food-tech supply chain platform, NOMU Group, aims to revolutionize the food and beverage supply chain in the MENA region, emphasizing sustainability and healthy economics. Their platform streamlines inventory management for HoReCa businesses (hotels, restaurants, and cafes) and emphasizes sustainability. Currently operating in four countries, NOMU plans to expand to 50 cities by 2025. In a seed funding led by multiple investors, it successfully raised $5M to expand offerings, develop a Software-as-a-Service solution, and create an AI assistant.
Year Founded: 2022
Founder(s): Salman Attieh, Shehab Mokhtar, Yassir El Ismaili and Ahmed Eldemerdash
Location: Riyadh, Saudi Arabia
Latest Funding: $5M Seed Funding
Lead Investor(s): DIV Capital, Shurfah, Core Vision, Purity for Information Technology, Altoukhi Family Office and Bakr Family Office
CADDi Series C Funding
CADDi, a B2B marketplace for manufacturing, addresses supply chain challenges faced by equipment manufacturers. It recently secured $89M in a Series C funding round led by Globis Capital Partners and DCM Ventures. It offers solutions such as CADDi Manufacturing and CADDi Drawer, for parts procurement and drawing data management to improve pricing, delivery, and quality. The funding will support workforce expansion and platform enhancement, aiming to achieve revenue targets by 2030.
Year Founded: 2017
Founder(s): Yushiro Kato and Aki Kobashi
Location: Chicago, Illinois, United States
Latest Funding: $89M Series C
Lead Investor(s): Globis Capital Partners and DCM Ventures
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