Funding Roundup: Sabi, PartsTech, XB Fulfillment and Others Attain Early-Stage Funding Success
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:
Sabi Series B Funding
Lagos-based B2B e-commerce startup Sabi connects informal retailers in Africa's informal economy with manufacturers and wholesalers. With 300,000+ merchants and $1 billion in annual GMV, Sabi has experienced substantial growth in its operations. Recently, they raised $38M in Series B funding, allowing expansion into new markets and service enhancements for agents and last-mile merchants.
Year Founded: 2021
Founder(s): Abdulaziz Yesuf
Location: Lagos, Nigeria
Latest Funding: $38M Series B
Lead Investor(s): CommerzVentures, Norrsken22, Fluent Ventures, Proof VC, CRE Venture Capital and Janngo Capital
XB Fulfillment Private Equity Funding
XB Fulfillment, a San Diego-based e-commerce third-party logistics provider, specializes in customized fulfillment and warehousing services to fast-growing US-based e-commerce and omnichannel brands. They operate advanced fulfillment centers in Mexico, providing efficient fulfillment, duty savings, and access to low-cost labor. With the recent $100M private equity funding backed by Caprice Capital Partners LLC, the funding will support its expansion, including a 60% increase and geographical expansion.
Year Founded: 2014
Founder(s): Peter Resnick and Miguel Ruiloba
Location: San Diego, California
Latest Funding: $100M Private Equity Banking
Lead Investor(s): Caprice Capital Partners LLC
PartsTech Series C Funding
PartsTech, a B2B marketplace for auto repairs, has raised $35M in a Series C funding round led by OpenView. The platform currently connects 15,000 repair shops to 30,000 parts suppliers nationwide, aiming to enhance efficiency with digital solutions. The funding will support the expansion of PartsTech's procurement platform, enabling shops to source parts and tires more efficiently.
Year Founded: 2013
Founder(s): Gregory Kirber and Erik St. Pierre
Location: Cambridge, Massachusetts, United States
Latest Funding: $35M Series C
Lead Investor(s): OpenView
Logik.io Series A Funding
Chicago-based company Logik.io has raised $16M in Series A funding led by Emergence Capital, ServiceNow Ventures and Salesforce Ventures. Logik.io aims to bridge the gap between complex B2B sales processes and the need for simpler, consumer-like experiences. Its technology enables businesses to connect buyers with personalized solutions through intelligent product discovery, configuration, and recommendation experiences across multiple channels. The funding will fuel expansion in its marketing, e-commerce, sales, and service.
Year Founded: 2021
Founder(s): Christopher Shutts and Godard Abel
Location: Chicago, Illinois, United States
Latest Funding: $16M Series A
Lead Investor(s): Emergence Capital
Agraga Series A Funding
Indian logistics startup Agraga has raised $8.5M in a Series A funding round led by IvyCap Ventures. Agraga aims to revolutionize the delivery process by offering various logistics services and has gained the trust of 200 customers and over 500 digitally connected partners. The fresh capital will support the company’s expansion to 15+ cities in India and exploration of Southeast Asian markets.
Year Founded: 2021
Founder(s): Venkatesh Narayanaswamy and Anoop Raghavan
Location: Jakarta, Indonesia
Latest Funding: $8.5M Series A
Lead Investor(s): Ivycap Ventures
Ripplr Series B Funding
Indian tech distribution and logistics platform, Ripplr, aims to tackle the challenges of reach and visibility in offline distribution and supply chains for FMCG brands. Their AI-powered platform optimizes efficiencies through inventory tracking, buying patterns, and predictive analytics. They recently secured a $40M funding in a Series B funding round led by Fireside Ventures. The funds will be used to enhance the tech platform, expand the team, and establish a nationwide presence.
Year Founded: 2019
Founder(s): Abhishek Nehru and Santosh Dabke
Location: Bengaluru, Karnataka, India
Latest Funding: $40M Series B
Lead Investor(s): Fireside Ventures
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