Funding Roundup: Latest Funds Secured by Wheelocity, Syrup Tech and Others
It has been an amazing 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 noteworthy achievements:
Wheelocity Series A Funding
Fruits & vegetables (F&V) supply chain start-up Wheelocity has secured $12M in Series A funding to broaden its product offerings in farm side operations, scale its customer base and drive efficiencies within the F&V Supply Chain. Founded in 2021, Wheelocity helms a supply chain network for fresh foods that integrates collection centers, fulfillment, last-mile hubs, dark stores and logistics.
Year Founded: 2021
Founders: Amresh Singh, Senthil Kumar
Location: Chennai, India
Latest Funding: $12M Series A
Lead Investors: Lightspeed India Partners
Verishop Series B Funding
Luxury e-commerce site created by former Snapchat chief strategy officer Imran Khan, Verishop, closed a $40MSeries B funding led by Lion Capital. The funds will be utilized to offer better product-return solutions and a more engaging shopping experience. This is done through investments in data insights that can help retailers understand how their products are performing.
Year Founded: 2018
Founders: Imran Khan
Location: Los Angeles, United States
Latest Funding: $40M Series B
Lead Investors: Lion Capital
BlendAI Venture Funding
Founded in 2021, Sydney adtech startup BlendAI has bagged $1.5M in venture funding to fuel customer growth, product enhancements and acquire go-to-market-focused resources. Co-founded by Dean Krowitz and Michael Bezman, BlendAI simplifies and centralizes online advertising for e-commerce stores through machine learning and budget optimization tools.
Year Founded: 2021
Founders: Dean Krowitz, Michael Bezman
Location: Sydney, Australia
Latest Funding: $1.5M Venture Funding
Lead Investors: EVP
Syrup Tech Seed Funding
Syrup Tech, New York-based provider of an AI-powered predictive software platform, raised $6.3M in seed funding. The new funds will be funneled to service Syrup Tech’s new and existing demand from its customers, as well as develop new modules and features to enhance its inventory prediction capabilities.
Year Founded: 2020
Founders: Christopher Camenares, Ferdinand Stockmann, James Theuerkauf
Location: New York, United States
Latest Funding: $6.3M Seed
Lead Investors: Gradient Ventures
Hivery Series B Funding
AI-powered retail assortment solution Hivery has closed a $30MSeries B funding to support its fast-growing product development stages as well as expand its reach globally. Hivery’s flagship product, Curate, offers “space-aware” assortment optimization that provides an effective way for merchants to select the right mix of products to stock on store shelves.
Year Founded: 2015
Founders: Franki Chamaki, Jason Hosking, Matthew Robards, Menkes van den Briel
Location: New South Wales, Australia
Latest Funding: $30M Series B
Lead Investors: Tiger Global
Deuna Series A Funding
Led by Activant Capital, Silicon-valley startup, Deuna secured a $30MSeries A funding. Founded in 2020, Deuna is a software-as-a-service (SaaS) start-up built to deliver an online one-click checkout experience for customers. The new capital will be channeled to expand its team across Latin America and to further develop its digital payment capabilities.
Year Founded: 2020
Founders: Roberto Enrique Kafati Santos, Jose Maria Serrano
Location: Palo Alto, United States
Latest Funding: $30M Series A
Lead Investors: Activant Capital
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