Funding Roundup: Transfix, Vo...

Funding Roundup: Transfix, Vopero, Inteluck, and Others Shine Bright with Funding Success

Oct 27, 2023
Funding Roundup: Transfix, Vopero, Inteluck, and Others Shine Bright with 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:

Inteluck Series C Funding

Inteluck, a Singaporean supply chain solutions provider, operates a digital B2B platform offering technology-driven supply chain services to enterprises across Southeast Asia. These services include full truckload transportation, warehouse management, international freight forwarding, distribution, and customized supply chain solutions.The company recently raised $34M in a Series C funding round led by Navegar, where it will be used to expand its regional presence and enhance its capabilities.

  • Year Founded: 2014

  • Founder(s): Kevin Zhang

  • Location: Singapore

  • Latest Funding: $34M

  • Lead Investor(s): Navegar

Neo Mobility Seed Funding

Dubai-based electric vehicle startup Neo Mobility currently offers last-mile solutions through a captive EV infrastructure business model. It aims to revolutionize last-mile logistics with its innovative all-electric vehicle solutions, emphasizing eco-conscious and sustainable transportation. With $10M raised in a seed funding led by multiple investors, Neo Mobility plans to  scale its fleet of 5,000 two-wheeler and four-wheeler EVs by 2025, supporting UAE's sustainability goals.

  • Year Founded: 2020

  • Founder(s): Abhishek Shah and Anish Garg

  • Location: Dubai, United Arab Emirates

  • Latest Funding: $10M

  • Lead Investor(s): Delta Corp Holdings and Pyse Sustainability Fund

Transfix Series F Funding

New York’s digital freight marketplace Transfix has raised $40M in a Series F funding round led by New Enterprise Associates and G Squared. The company connects shippers to over 30,000 carriers and focuses on optimizing its tech-enabled brokerage and software solutions for the freight industry. Transfix aims to optimize its core business and provide innovative solutions for shippers and carriers which contributes to its continued momentum in the freight industry. The funding will enhance its financial position and support its path to profitability.

  • Year Founded: 2013

  • Founder(s): Jonathan Salama and Drew McElroy

  • Location: New York, United States

  • Latest Funding: $40M

  • Lead Investor(s): New Enterprise Associates and G Squared

Vision AI Seed Funding

Based in Germany, VisionAI uses AI to improve e-commerce search results and cross-selling opportunities for online retailers, helping them compete with e-commerce giants. The company's solutions focus on ensuring customers find the right products quickly, with its cross-selling tool reportedly helping partner shops increase sales by over 10%. The company recently secured €5M in seed funding led by HV capital. The funding will support its product enhancements to empower retailers with tools that enhance product discovery and cross-selling.

  • Year Founded: 2021

  • Founder(s): Berkan Cinar, Melvin Schwarz, and Julian Meyer

  • Location: Bielefeld, Germany

  • Latest Funding: €5M

  • Lead Investor(s): HV Capital

Vopero Funding

Latin-American startup Vopero aims to capture Latin America’s $40 bullion resale market with an end-to-end solution it calls "resale-as-a-service." Its mobile application offers buyers the chance to shop for second-hand clothing and accessories from popular brands. The platform also empowers sellers to request a kit for their clothing, which is then picked up, processed, and listed on the platform. After securing $4M in funding, the fresh capital will be used for growth, franchising, and increasing awareness of resale practices among top fashion brands.

  • Year Founded: 2020

  • Founder(s): Alejandro Esperanza, Maggie Ferber and Ignacio Cattivelli

  • Location: Uruguay

  • Latest Funding: $4M

  • Lead Investor(s): Cencosud Ventures and Grupo Axo

Showroom B2B Pre-Series A Funding

Showroom B2B, a fashion and apparel supply chain platform, offers a unique proposition by combining digital and physical markets for manufacturers and retailers in the apparel industry, covering categories like men's, women's, and children's wear. The platform has partnered with over 500 garment manufacturers and 3,000 retailers nationwide. Raising $6.5M in a pre-series A funding round led by Jungle Ventures, the funds will scale its distribution model and open additional experience stores in India's tier II and III markets. 

  • Year Founded: 2021

  • Founder(s): Abhishek Dua and Shubham Gupta

  • Location: Noida, India

  • Latest Funding: $6.5M

  • Lead Investor(s): Jungle Ventures

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