Funding Roundup: Latest Funds Secured by Wheelocity, Syrup Tech and Others

Jul 15, 2022

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:

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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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