Prewave, Pando, Amify and Oth...

Prewave, Pando, Amify and Others Secure Early-Stage Funding Triumph

Jun 02, 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:

Cocoli Funding

Berlin-based platform Cocoli recently raised $3.2M in a funding round led by Ship2B Ventures, IBB Ventures Invest, and Adevinta Ventures. Cocoli operates a marketplace for pre-owned designer furniture, offering a variety of items up to 70% off the original prices. With its strong customer traction, Cocoli aims to become a leader in the European pre-loved furniture market. The funding will support Cocoli’s growth, improve its financial performance, enhance sustainability measures, and streamline backend operations.

  • Year Founded: 2021

  • Founder(s): Gemma Comabella, Frank Stehle, Greta Schindler and Stefano Uliari

  • Location: Berlin, Germany

  • Latest Funding: $3.2M

  • Lead Investor(s): Ship2B Ventures, IBB Ventures Invest and Adevinta Ventures

Zero44 Funding

Zero44, a Berlin-based SaaS startup, helps shipping industry players develop effective CO2 reduction strategies. Their platform provides shipping companies with real-time updates on CO2 emissions, EU certificates, and cash flow, enabling easy sustainability planning. Zero44 secured €2.5M in funding led by Atlantic Labs to support their CO2 management platform for merchant ships. The funds will be utilized for product development and company expansion.

  • Year Founded: 2022

  • Founder(s): Friederike Hesse and Nils Obermann

  • Location: Berlin, Germany

  • Latest Funding: €2.5M

  • Lead Investor(s): Atlantic Labs

Amify Series B Funding

Amify successfully raised $10M in a recent Series B funding round led by Mercury Fund, Cindy Tech, and SAAS Ventures. They specialize in technology-enabled Amazon optimization and advertising, helping businesses succeed on the competitive marketplace. Amify’s solutions include real-time monitoring, pricing strategies, advertising performance, and competitor analysis. With the funding, they will enhance their platform, invest in their team, and meet growing e-commerce market demand.

  • Year Founded: 2019

  • Founder(s): Ethan McAfee 

  • Location: Cincinnati, Ohio, United States

  • Latest Funding: $10M Series B

  • Lead Investor(s): Mercury Fund, Cincy Tech and SAAS Ventures

Shopstory Funding

Austria's Shopstory provides an automation platform for online shops, improving processes and performance. They achieved €1M in annual recurring revenue within 24 months and operate in four European countries. Recently, they raised €1M in funding led by Calm/Storm Ventures and Hardlymountain Capital. The capital will be used for product enhancements, team expansion, and creating a no-code platform for knowledge sharing and process automation in e-commerce.

  • Year Founded: 2020

  • Founder(s): Sebastian Schwelle and Robert Böhm

  • Location: Vienna, Austria

  • Latest Funding: €1M 

  • Lead Investor(s): Calm/Storm Ventures and Hardlymountain Capital

Pando Series B Funding

Pando, an AI-backed supply chain platform, raised $30M in a Series B funding round led by Iron Pillar. The platform streamlines order fulfillment processes for manufacturers, retailers, and logistics companies. With partnerships with Fortune 500 companies, Pando competes globally with industry players like Turvo and Slync. The fresh capital will support Pando in leveraging Iron Pillar’s network and expanding its operations worldwide.

  • Year Founded: 2017

  • Founder(s): Abhijeet Manohar and Nitin Jayakrishnan

  • Location: Chennai, Tamil Nadu, India

  • Latest Funding: $30M Series B

  • Lead Investor(s): Iron Pillar

Prewave Series A+ Funding

Austria-based startup, Prewave, offers a holistic supply chain risk platform that monitors and analyzes risks throughout the supply chain, including natural disasters, political unrest, and legal obligations. It uses its proprietary “crawler” to gather publicly available information in multiple languages and provides a dynamic supplier risk score. They recently raised $20M in a Series A+ funding led by Creandum. The funding will support team expansion and platform development.

  • Year Founded: 2017

  • Founder(s): Dr. Lisa Smith and Harald Nitschinger

  • Location: Vienna, Austria

  • Latest Funding: $20M Series A+

  • Lead Investor(s): Creandum

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