Funding Roundup: Spaceship, JABU, clicOH and Others Raise Early-Stage Deals

May 27, 2022

It has been an outstanding week for startups in the e-commerce, logistics and supply chain space. In this week’s Ecosystem Funding Roundup, we are thrilled to feature 7 of their outstanding achievements:

clicOH Series A Funding

Founded in 2018, clickOH is a startup that provides fulfillment solutions through innovation and technology for digital companies in Latin America. The Argentina-based company raised $25M in Series A funding in a round led by Tiger Global. With clickOH’s growing demand, it aims to utilize the funds to continue to expand into the Latin America market, “including entering Colombia, on technology development and expanding its logistics network”.

  • Year Founded: 2018

  • Founders: Agustin Novillo Saravia, Emiliano Segura, Juan Altamirano

  • Location: Cordoba, Argentina

  • Latest Funding: $25M Series A

  • Lead Investors: Tiger Global 

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Nomagic Series A Funding

Nomagic, a Polish startup that develops pick-and-place warehouse robots, has secured $22M in Series A funding led by Khosla Ventures and Almaz Capital. Nomagic’s robotic solutions are utilized in warehouses to pick small consumer electronics, accessories, multi-SKU batches and so on. Having raised $8.6M in seed funding in February 2020, the robotics company aims to further grow its business and technological capabilities to cater to a wider variety of product categories.

  • Year Founded: 2017

  • Founders: Kacper Nowicki, Marek Cygan, Tristan d’Orgeval 

  • Location: Warszawa, Poland

  • Latest Funding: $22M Series A

  • Lead Investors: Berlin’s Almaz Capital, Khosla Ventures

Spaceship Pre-Series A Funding

Hong Kong-based cross-border logistics startup, Spaceship, has raised $6M in Pre-Series A funding by Paragon Investment, 500 Global and SparkLabs Taipei. Founded in 2019, Spaceship provides a one-stop solution for a wide range of logistics needs. The fund will be utilized in “growing our presence in the APAC market to offer Spaceship and Spaceship Pro to more individual and business users and helping these users effectively tackle their current logistic and operational challenges.”, mentioned Duncan Hui, General Manager of Spaceship Taiwan. 

  • Year Founded: 2019

  • Founders: Wun Chi Lam, Kam Hei Wong

  • Location: Hong Kong

  • Latest Funding: $6M Pre-Series A

  • Lead Investors: Paragon Investment, 500 Global, SparkLabs Taipei

JABU Series A Funding

JABU, a last-mile distribution e-commerce company based in Namibia closed a $15M Series A funding. The round will enable JABU to deepen its presence in Southern Africa and expand to new markets like Botswana and Eswatini later this year. JABU works on logistics issues, letting merchants order, stock and pay for products using Jwallet, and then offering same-day delivery. The company also provides data-driven services like sales metrics and agent performances through dashboards. 

  • Year Founded: 2020

  • Founders: David Akinin

  • Location: Windhoek, Namibia

  • Latest Funding: $15M Series A

  • Lead Investors: Tiger Global

Firework Series B Funding

Firework, the San Mateo live-streaming commerce company, secured $150M in Series B funding led by SoftBank Vision Fund 2. The latest raise values the short-video commerce platform at $750M. The funds will be utilized to expand the company’s teams as well as improve the company’s entire platform. Noted by Firework’s Chief Revenue Officer, “The capital will not only help us continue building success stories but also ensure that Firework never loses step with the bleeding edge of next-generation customer experience,”.

  • Year Founded: 2017

  • Founders: Vincent Yang, Jerry Luk

  • Location: San Mateo, United States

  • Latest Funding: $150M Series B 

  • Lead Investors: SoftBank Vision Fund 2 

Nowports Series C Funding

Nowports has bagged a $150M in a recent  Series C just six months after a $60M Series B. Founded in 2019 in Mexico, Nowports is a digital freight forwarder that leverages digital tools to improve communication and efficiencies in the shipping process. The company plans to “expand financing services to companies that import or export” and expand into more cities including Brazil, Mexico, and Chile.

  • Year Founded: 2019

  • Founders: Alfonso De los Ríos, Maximiliano Casal

  • Location: Monterrey, Mexico

  • Latest Funding: $150M Series C 

  • Lead Investors: SoftBank Latin America Fund

Budbee Series C Funding

Stockholm-based Budbee, a delivery startup that focuses on sustainability, and maximizing customer satisfaction and efficiency of the ‘last-mile’ delivery, secured €38.1M in a fresh round of venture funding by its existing investors Kinnevik, H&M and CNI Nordics. Prior to this round, Budbee had raised $56M in a funding round in January, 2021. Budbee strives to continuously enhance customer delivery experience through expanding its network of parcel lockers and home delivery services tailored to the needs of its customers.

  • Year Founded: 2015

  • Founders: Fredrik Hamilton

  • Location: Stockholm, Sweden 

  • Latest Funding: €38.1M Venture

  • Lead Investors: Kinnevik, H&M and CNI Nordics

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

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