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:

Have you been keeping up with the latest industry news?
Sign up for free to stay in the loop!

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

For more exclusive reports, insights, and interviews on the latest updates in e-commerce and logistics, follow us on LinkedIn or join our community as a member.

Share this with your network

Also worth your time

Follow us on LinkedIn
Stay connected with us

Track your parcel here

More discoveries

Planning for Peak Season 2022: E-Commerce Shopping Trends in the United States

Aug 16, 2022

Retail Dive: Online Retail Sales in the United States to Hit $1.6 Trillion Mark by 2027

Aug 16, 2022

Funding Roundup: Major Wins for CleverTap, Locad, ReturnLogic and Others

Aug 12, 2022

PR Newswire: Purolator Transforms Transportation Sector With Its New Sortation Facility in Toronto

Aug 12, 2022

Alcott Global Podcast: Carbon Neutrality in a Shipping Company

Aug 11, 2022

FreightWaves: FedEx to Apply Peak Season Surcharges As Early As September

Aug 11, 2022

E-Commerce Logistics Race in Latin America: Which Country Performed the Best in H1 2022?

Aug 10, 2022

The Business Times: A.P. Moller - Maersk Purchases Martin Bencher Group for US$61M

Aug 10, 2022

Funding Roundup: Bizongo, Homzmart, Vetted and Others Secured Early-Stage Deals

Aug 05, 2022

How Peak Season 2022 in Europe Might Look Like

Aug 05, 2022

TechCrunch: Shopify Invests $100 Million in a Marketing Automation Startup, Klaviyo

Aug 05, 2022

ITLN: Xpressbees Names Suraj Bangera as Senior Vice President of Cross-Border Business

Aug 04, 2022

Retail Dive: Amazon Launches Same-Day Shipping for Pacsun, GNC, SuperDry, and Diesel Customers

Aug 03, 2022

E-Commerce Logistics Race in Europe: Which Country Performed the Best in Q1 2022?

Aug 02, 2022

Supply Chain Dive: OnTrac and LaserShip Introduce Transcontinental Delivery Service to Prepare for Peak Season

Aug 02, 2022

Alcott Global Podcast: Importance of Supply Chain in Stationery Industry

Aug 01, 2022

Guest Post: 10 Ways Retailers Can Inspire Customers During Peak Season

Aug 01, 2022

Funding Roundup: Early Funding Rounds Secured by Cartona, DealCart and Others

Jul 29, 2022

Vogue: Glossier Launches into Wholesale Partnership with Sephora

Jul 29, 2022

E-Commerce Logistics Race 2022: Canada vs the United States

Jul 28, 2022

Macau Business: DHL Express Names Phil Corcoran as Australia’s Managing Director

Jul 28, 2022

Top E-Commerce Retailers in the United States 2022

Jul 27, 2022

Logistics Manager: InPost Now Has 4000 Parcel Lockers in the UK

Jul 27, 2022

Marketing Interactive: L'Oréal Appoints Kenny Ng as Regional E-Commerce Director

Jul 26, 2022

Guest Post: Why Logistics and Supply Chain Management Is Important

Jul 26, 2022