Funding Roundup: Rush, Instabox, Convoy, Zubale, Celcius and Outshifter Raise Capital

Apr 22, 2022

It has been a great 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:

Rush Seed Funding

Rush is a Blugarian shipment tracking software that creates better e-commerce experiences by optimizing the post-purchase process for its merchants. In a short span of time, it has grown its client base to over 1200 Shopify stores of all sizes. The team will use the €2.5M seed funding to ramp up its development, as well as expand its network with top agencies, technology platforms and warehouse solutions. 

  • Year Founded: 2020

  • Founders: Kiril Kirilov, Slav Stankov

  • Location: Sofia, Bulgaria

  • Latest Funding: €2.5M Seed

  • Lead Investors: Eleven Ventures, LAUNCHub Ventures

  • Did you know that 59% of shoppers would buy more for free shipping?
    Sign up now to unlock all our data-driven reports!

Instabox Growth Equity Funding

Automated parcel locker service provider Instabox has closed a $190M growth equity round led by Verdane. Founded just seven years ago, Instabox is now the most well-funded parcel locker startup in all of Europe. The fresh capital will allow the company to broaden its reach internationally, upgrade its tech stack and invest in sustainability solutions to continue transforming the world of last-mile deliveries.

  • Year Founded: 2015

  • Founders: Alexis Priftis, Johan Lundin, Staffan Gabrielsson

  • Location: Stockholm, Sweden

  • Latest Funding: $190M Growth Equity

  • Lead Investors: Verdane

Convoy Series E Funding

Convoy is a digital freight network that is “transporting the world with endless capacity and zero waste.” Using technology and data, Convoy helps shippers and drivers increase earnings by solving problems of inefficiency and waste in the $800M trucking sector. Following its recent $260M Series E, the company is looking to scale up initiatives that will further push the industry into new ground. 

  • Year Founded: 2015

  • Founders:  Dan Lewis, Grant Goodale

  • Location: Seattle, United States

  • Latest Funding: $260M Series E

  • Lead Investors: Baillie Gifford, T. Rowe Price

Zubale Series A Funding

Zubale is the leading tech firm that simplifies e-commerce fulfillment for brands and retailers across Latin America. With its proprietary embedded software and gig collaboration marketplace, Zubale enables its clients to offer best-in-class shopping experiences through their digital channels. The $40M raised from the latest Series A will support the company’s plans to accelerate its growth and expand abroad.

  • Year Founded: 2018

  • Founders: Alison Campbell, Sebastian Monroy

  • Location: Mexico City, Mexico

  • Latest Funding: $40M Series A

  • Lead Investors: QED Investors

Celcius Series A Funding

Celcius claims to be India’s one and only cold-chain aggregator platform that delivers end-to-end cold-chain logistics solutions to companies. As part of the larger Series A, the firm has acquired $4.5M in a bridge funding round led by Mumbai Angels. On top of strengthening teams across tech, sales, and operations, the investment will also go towards development programmes to assist small-scale and regional transporters in the country.

  • Year Founded: 2020

  • Founders: Arbind Jain, Rajneesh Raman, Swarup Bose

  • Location: Mumbai, India

  • Latest Funding: $4.5M Series A

  • Lead Investors: Mumbai Angels

Outshifter Pre-Seed Funding

Outshifter is a Norwegian e-commerce startup that “lets suppliers share access to their product data with multiple third parties simultaneously.” Just the other day, the team completed a €1.2M pre-seed with the Nordic fund as its lead investor. Their ultimate goal is to level the playing field for e-commerce by enabling access and synchronization of product data through one universal format.

  • Year Founded: 2019

  • Founders: Angelo Sepulveda, Danielle Tschudi, Georg Michelet

  • Location: Oslo, Norway

  • Latest Funding: €1.2 M Pre-Seed

  • Lead Investors: Nordic fund 

A huge congratulations to all and we are looking forward to witnessing your growth in the months to come!

For more exclusive reports, insights, and interviews on the latest updates in e-commerce and logistics, follow us on LinkedIn or join our community as a member.

Share this with your network

Also worth your time

Follow us on LinkedIn
Stay connected with us

Track your parcel here

More discoveries

Unpacking Supply Chain Digitization for Micro-Retailers

Jul 04, 2022

Business Wire: Convoy Strategically Expands Alliance with MercuryGate

Jul 01, 2022

Funding Roundup: Fresh Funds Raised by Solv, ShopUp, Nautical Commerce and Others

Jul 01, 2022

TechCrunch: Pinterest Elects Google Exec, Bill Ready, as New CEO

Jun 30, 2022

Tech in Asia: Zomato Signs Acquisition Deal with Blinkit for $578M

Jun 29, 2022

Supply Chain Quarterly: Walmart Inducts High-Tech Tablets in Freight Trucks

Jun 28, 2022

State of E-Commerce in Germany 2021

Jun 28, 2022

Guest Post: 5 Effective Ways Technology Enhances Customer Retention

Jun 27, 2022

Alcott Global Podcast: Supply Chain Tech is Here to Stay

Jun 27, 2022

Business Wire: Shipbob Appoints Kamal Sundar As New Supply Chain Leader

Jun 24, 2022

Guest Post: Ultimate E-Commerce Strategies for the Summer Season

Jun 24, 2022

Guest Post: 9 Important Practices for Proper Inventory Management for Startups

Jun 23, 2022

Logistics Management: Fedex and Fourkites Join Forces for New Supply Chain Capabilities

Jun 23, 2022

Retail Dive: Simon Pilots Innovative Search Tool for Shoppers

Jun 22, 2022

Top E-Commerce Trends to Watch this Summer

Jun 21, 2022

Your Story: Delhivery Introduces Same-Day Deliveries for D2C Companies

Jun 21, 2022

Guest Post: Artificial Intelligence in E-Commerce: What’s Next

Jun 21, 2022

Guest Post: How Digital Marketing & Advertising Can Help Grow Your eCommerce Business

Jun 20, 2022

Funding Roundup: New Funds Secured by Zoovu, Cartlow, Khazenly and Others

Jun 17, 2022

Guest Post: 11 Ways to Optimize Your Online Store for Better Conversions

Jun 17, 2022

Apex Insight: Doddle Rolls Out Automated Returns Kiosks

Jun 17, 2022

Unpacking Returns Management in E-Commerce

Jun 17, 2022

Interview with Wilfred Lam: Omnichannel Logistics at LUXASIA

Jun 16, 2022

Fashion Network: Pimberly Strengthens Board with New Member, Dr. Beatrice Lafon

Jun 16, 2022

Yahoo News: Amazon Sets to Launch Prime Air Drone Deliveries

Jun 15, 2022