eCommerce Fundraising News
CognitOps raises $11M with new approach to warehouse visibility
I don’t get the sense they are trying to replace a WMS system. That would be difficult.
Ruby Has acquires Boss Logistics
This gives Ruby Has more availability in the Lexington, KY area which is always a hot market. Expect to see more consolidation in this market.
PlusOne Robotics raises Series B in North America + Europe expansion
$33M in the till led by McRock Capital. Looks like a lot of interesting players and technology. For some reason, I still feel this is an underinvested space.
Freight rolls on with Logixboard Series A
Logixboard gives freight-forwarders their own platform for transparency & service w/ their consumers. Just raised $13M. Possible they get scooped up by a larger player like Convoy or Transfix later.
Minnow contactless pickup pods raises $3M seed
The biggest applications are for college dorms, multi-family residential settings, apartments, etc. They could be an acquisition target by someone like goPuff with a similar consumer segment target.
AfterShip raises $66M to track shipments which … already have tracking numbers?
2021 fundraising trick: put “ship” in your name. It will be interesting to see if Shopify keeps investing in this space too.
Chain.io raises $5M to connect accelerate connection of the digital supply chain
I think this idea could have legs. Every 3PL and participant in the supply chain ecosystem needs a connectivity solution.
AxleHire raises $20M for last-mile logistics delivery same-day
Led by Ajax Strategies which claims to be investing to solve climate change. Last mile delivery is solving climate change?
Nuvocargo raises $12M to grow US-Mexico digital cross-border logistics provider
Interesting take on the cross-border space to rollup not just technology but services in one place.
Deliverr raises another $170M to tackle supply chain
They continue to have a lot of momentum in the market. Can they keep it going?