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