funding raise

Optym lands strategic investment from industry backer Venture 53

Optym, a provider of solutions for enhancing efficiency, on Tuesday announced it has secured a strategic investment from Venture 53, an industry fund. This investment will support Optym in further developing optimization tools to address the intricate challenges faced across various modes of transportation. Terms of the investment were not disclosed.

“When choosing a capital partner, it’s important to work with a team who can provide strategic advice with a deep understanding of your industry,”...

https://www.freightwaves.com/news/optym-lands-strategic-investment-from-industry-backer-venture-53

Zerobroker raises $6.5M to bring shippers closer to carriers

FreightTech platform Zerobroker announced Wednesday it has raised a $6.5 million seed round to support the company’s technological and customer growth as it aims to bring shippers and carriers closer together.

The round saw participation from freight forwarder Flexport, FundersClub, Streamlined Ventures and other undisclosed contributors. The company has raised close to $7 million since being a part of YCombinator’s (YC) winter 2021 cohort.

The Zerobroker product launched in February to oversee...

https://www.freightwaves.com/news/zerobroker-raises-6-5m-to-bring-shippers-closer-to-carriers

Transfix looks to raise Series F with 60% devaluation, source suggests

The weak freight market has taken its toll on FreightTech valuations.

FreightWaves late Monday obtained a release showing digital freight marketplace Transfix is looking to raise a $50 million Series F at a $376 million valuation, a 60% reduction from the $940 million the New York City-based company was valued at in its last funding round in March 2020. A source attributed the valuation drop to “largely market forces.”

Transfix reportedly has secured $30 million in financing from New Enterprise...

https://www.freightwaves.com/news/transfix-looks-to-raise-series-f-with-60-devaluation-source-suggests

Nimble Robotics raises $65M in pursuit of fully autonomous fulfillment network

Plenty of logistics experts have spoken of the benefits of warehouse automation, things like more efficient workers, faster fulfillment speeds and lower operating costs, to name a few.

So why is the adoption rate for warehouse automation still so low? In short, the problem for most brands is getting started: For many of them, adding automation means high upfront costs and the scrapping of existing infrastructure.

Nimble Robotics, a San Francisco Bay Area-based autonomous logistics firm, wants to...

https://www.freightwaves.com/news/nimble-robotics-raises-65m-in-pursuit-of-fully-autonomous-fulfillment-network

Wingcopter raises $42M to expand beyond medical drone deliveries

Wingcopter drone delivery company office

A drone delivery company known for transporting medical supplies like blood and vaccines is hungry for a new direction.

Wingcopter, a drone delivery firm headquartered just outside of Frankfurt, Germany, on Tuesday announced a $42 million series A extension that will help the company transition beyond medical drone deliveries into categories like grocery.

The extension more than tripled Wingcopter’s total equity raise to over $60 million, and it attracted some interesting investors. The most...

https://www.freightwaves.com/news/wingcopter-raises-42m-to-expand-beyond-medical-drone-deliveries

Bezos invests in overseas supply chain platforms Beacon and Ula

Digital supply chain platform Beacon announced on Monday it has raised over $50 million in an oversubscribed Series B round led by Northstar.vc with participation from Upper90 and existing investors 8VC, Expa, Amazon founder and Executive Chair Jeff Bezos, and founder, Chairman and CEO of Salesforce Marc Benioff. 

“At Northstar, we back technologies that have the potential to alter the trajectory of their respective industries, and Beacon’s game-changing platform has the potential to transform...

https://www.freightwaves.com/news/bezos-invests-in-overseas-supply-chain-platforms-beacon-and-ula

3G secures $15M financing round to expand technology solutions

Transportation management system provider 3G has completed a $15 million financing round led by Sumeru Equity Partners, Hercules Capital and several existing investors.

Paul Brady, CEO of 3G, said the company will use the funds to expand its technology offerings to service its “growing client base.”

“Accelerating development will broaden our capacity to best arm customers with resources that scale their business,” Brady said in a statement. “3G will continue to provide best-in-class solutions...

https://www.freightwaves.com/news/3g-secures-15m-financing-round-to-expand-technology

Online grocery platform Misfits Market nabs $225 million Series C-1

Misfits Market gets new Series C-1 funding round of $200 million, raises valuation to $2 billion

During online grocery’s brief history in the marketplace, three power players have emerged. Walmart, Instacart and Uber, a trio of well-established companies with dedicated user bases, are currently leading the race, but as the grocery delivery wars heat up, there’s a fourth player that looks ready to throw its hat into the ring.

Online grocery platform Misfits Market on Tuesday announced that it had closed a $225 million Series C-1 funding round, bringing the company’s total funding to $526.5...

https://www.freightwaves.com/news/online-grocery-platform-misfits-market-nabs-225-million-series-c-1

Relay Payments plans to raise $60M for lumper remittance platform

After quietly raising $43 million over the last six months of 2020, Relay Payments is on its way to raising an additional round for its electronic payment platform.

According to a filing with the U.S. Securities and Exchange Commission last week, the Atlanta-based company is looking to raise $60 million, noting it has already raised $44.7 million from four investors since earlier this month.

Relay aims to provide a more efficient and safe process for shippers, brokers, fleet managers and drivers...

https://www.freightwaves.com/news/relay-payments-plans-to-raise-60m-for-lumper-payment-platform

ParcelLab raises $112M to improve final-mile communication

ParcelLab, a final-mile fulfillment software service based in Germany, announced this week it has raised $112 million in a Series C funding round led by Insight Partners with participation from Capnamic Ventures, coparion and Endeit Capital. The company’s last raise took place in 2019 for an undisclosed amount.

“ParcelLab’s team is the perfect example of internet entrepreneurs that we want to support – entrepreneurs who can drive the change to make Europe more competitive and who have the...

https://s29755.pcdn.co/news/parcellab-raises-112m-to-improve-final-mile-communication

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