Funding Roundup: Pathao, Cohora & Others Secure Fresh 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 5 of their notable achievements:
Pathao
As part of its strategy move towards fintech, Pathao, the largest consumer technology company in Bangladesh, has secured $12 million in a pre-series B funding round. This investment raises Pathao’s total capital to upwards of $50 million – the greatest amount for a pre-series B start-up in Bangladesh. Pathao, which leads the industry in food delivery, logistics, and ride-sharing, has already made significant progress in the fintech sector with the launch of Pay Later. It is a digital wallet as well as Bangladesh's first and biggest buy now pay later option. Over the last two years, Pathao has grown into a financially stable and successful company, and it now intends to use fintech products to provide comprehensive customer service.
Year Founded: 2015
Founder(s): Hussain Elius, Fahim Saleh, Shifat Adnan
Location: Dhaka, Bangladesh
Latest Funding: US$12M Pre-series B
Lead Investor(s): VentureSouq
Cohora
Cohora, a customer activation and engagement platform business with its headquarters in Massachusetts, is led by CEO Manu Mathew. Fostering loyalty from the very first transaction helps e-commerce businesses promote consumer mobility. The business has successfully secured $2.5 million in a follow-up fundraising round led by PJC and Volition Capital. Cohora plans to use the money to help its early customers in the travel, fashion, and cosmetics industries, increase sales and marketing initiatives, and continue improving its products.
Year Founded: 2018
Founder(s): Manu Mathew
Location: Massachusetts, United States
Latest Funding: US$2.5M
Lead Investor(s): Volition Capital and PJC
Ecomtent
Pre-seed investment of $850,000 has been completed by Toronto-based artificial intelligence and e-commerce firm Ecomtent MaRS Investment Accelerator Fund (MaRS IAF) led the round, with participation from Techstars, eBay Ventures, and an unidentified group of angel investors, including executives from the retail and tech industries. Ecomtent's growth will be accelerated by this most recent funding round, which will enable the firm to grow its workforce, improve its AI technology, and scale operations in order to satisfy the increasing demand from companies navigating the world of AI-powered search.
Year Founded: 2022
Founder(s): Max Sinclair
Location: Toronto, Canada
Latest Funding: US850K Pre-seed
Lead Investor(s): MaRS Investment Accelerator Fund
Quicktron Intelligent Technology
After 10 years of concentrating on the smart mobile robotics industry, Quicktron Robotics, a technological business, announced the conclusion of its Series D funding, raising more than $100 million US dollars. As a pioneer in intelligent warehousing and logistics solutions worldwide, Quicktron Robotics is dedicated to offering its clients flexible and effective logistics automation services via its in-house mobile robots and smart systems. The business is still at the forefront of the global warehouse and logistics sector's automation and digitization.
Year Founded: 2014
Founder(s): Yang Wei
Location: Shanghai, China
Latest Funding: US$100M Series D
Lead Investor(s): Golden Oriole Capital, FarGlory Group, the Wuxi Liangxi Technology Innovation Fund, Weifang Yuanfei Industrial Fund
Retraced
A €15 million Series A funding round has been successfully completed by Retraced, a platform that helps fashion and textile businesses digitize and trace their supply chains. Partech, one of the biggest tech investment platforms in Europe, led the round with participation from prior investors Alante Capital, Alstin Capital, Samaipata, and F-Log Ventures. With this fresh capital, Retraced will further its goal of improving sustainability management accessibility and effectiveness for global fashion and textile sector businesses.
Year Founded: 2019
Founder(s): Lukas Pünder, Peter Merkert, Philipp Mayer
Location: Düsseldorf, Germany
Latest Funding: US15M Series A
Lead Investor(s): Partech
