Series B

E-commerce funding platform 8fig raises $140M

8fig, a provider of funding and supply chain management software for e-commerce enterprises, has announced the closing of $140 million in new funding.

The financing consists of $40 million in a Series B round along with $100 million in a credit facility.

The funding round was led by Koch Disruptive Technologies, with participation from existing investors Battery Ventures, Localglobe, Hetz, the Jesselson family and Silicon Valley Bank, a division of First Citizens Bank.

8fig will use the funding to...

https://www.freightwaves.com/news/texas-based-e-commerce-funding-platform-8fig-raises-140m

Dray Alliance raises $40M for data-driven supply chain solutions

Drayage digital platform Dray Alliance announced last week it has closed on a $40 million series B round led by Headline with participation from Craft Ventures, Matrix Partners, Quiet Capital and Harpoon Ventures to continue building a solution to make the shipment of containers from ports to nearby warehouses more systematic.

The drayage technology company was co-founded by Steve Wen, who grew up around port drivers in California while helping his immigrant parents with their importing company...

https://www.freightwaves.com/news/dray-alliance-raises-40m-for-data-driven-supply-chain-solutions

CloudTrucks secures $115M to ‘lower the barrier of entry’ for drivers

Technology-enabled trucking company CloudTrucks announced Tuesday it raised $115 million in series B funding led by Tiger Global with participation from Menlo Ventures and previous investors including Caffeinated Capital, Craft Ventures, Khosla Ventures, Abstract, BTV and Kindred Ventures. 

The round also included investment from freight forwarder Flexport and angel investors Eric Wu, CEO of Opendoor, and Michael Ovtiz, former president of The Walt Disney Co. 

The trucking company has raised a...

https://www.freightwaves.com/news/cloudtrucks-secures-115m-to-lower-the-barrier-of-entry-for-drivers

Orderful raises $19M to simplify EDI integrations for logistics community

Cloud platform Orderful announced Friday it has recently closed a $19 million Series B funding round led by GLP Capital Partners with participation from Andreessen Horowitz and Initialized Capital to help all supply chain actors gain visibility into their networks through electronic data interchange (EDI).

“While the front end of commerce has seen significant innovation over the past decade, much of the back end of the supply chain is built on disparate systems and manual processes. We see...

https://www.freightwaves.com/news/orderful-raises-19m-to-simplify-edi-integrations-for-logistics-community

Ikea joins Series B investment in Canada-based Bolt Logistics

Technology-driven logistics and last-mile delivery provider Bolt Logistics announced Monday it has raised about $92 million in Series B financing led by a new investor, Yaletown Partners, with participation from new investors Ingka Investments, Northleaf Capital Partners, Bank of Montreal, Kensington Capital, and existing investors Whitecap Venture Partners, Intact Ventures, MIG and Michael Hyatt.

Bolt Logistics has raised a total $121 million since its founding in 2017.

The Canada-based company...

https://www.freightwaves.com/news/ikea-joins-series-b-investment-in-canada-based-bolt-logistics

Cart.com’s $98M raise to build out end-to-end e-commerce service

cart.com ecommerce company raises $98 million series B funding end-to-end

It’s high tide for e-commerce, and Cart.com is swimming in it. With the meteoric rise of online shopping, the end-to-end e-commerce-as-a-service provider recently announced a series B funding raise of $98 million, bringing its total funding to over $140 million since launching just eight months ago.

The new round was led by venture growth equity fund Oak HC/FT, which invests primarily in tech-enabled health care and financial services companies. Other key investors include PayPal Ventures (NASDAQ...

https://www.freightwaves.com/news/cart-coms-98m-raise-to-build-out-end-to-end-e-commerce-service

Waybridge raises $30M for raw materials supply chain visibility

Waybridge, a supply chain platform for raw materials, recently announced it has raised $30 million in Series B funding. The round was led by Rucker Park Capital and Craft Ventures with participation from past investor Venrock. The company has raised a total of $40 million since 2019.

Waybridge’s platform offers transparency and order management for companies to buy and sell raw materials, keep track of inventory, and manage the supply chain process of those materials.

Much like the transportation...

https://www.freightwaves.com/news/waybridge-raises-30m-for-raw-materials-supply-chain-visibility

Zencargo raises $42M to expand internationally

Zencargo, a U.K.-based digital logistics company, announced on Monday that it has raised $42 million in a Series B round led by Digital+ Partners with participation from existing investor HV Capital. The company has raised a total of $66.4 million since 2017.

“This marks an exciting next step for Zencargo,” a statement by co-founder and CEO Alex Hersham and co-founder and COO Richard Fattal on the company’s website said. “With this investment, we’re able to add even greater resources to the...

https://www.freightwaves.com/news/zencargo-raises-42m-to-expand-internationally

Idelic raises $20M to expand driver analytics solution

Idelic Inc., a Pittsburgh-based software solutions provider for commercial fleets, has raised $20 million in Series B funding led by Highland Capital Partners and including AXA Venture Partners, Birchmere Ventures, Origin Ventures, TDF Ventures and SaaS Venture Capital. 

Idelic also announced Craig Driscoll of Highland Capital Partners will be joining the company’s board of directors.

“Together we can revolutionize how trucking fleets — and their insurance carriers — think about the risks they...

https://www.freightwaves.com/news/idelic-raises-20m-to-expand-driver-analytics-solution

Logistics orchestration platform Slync.io scores $60M in funding

Slync.io, a Dallas-based company that offers an automated orchestration operating platform for global logistics, announced the close of its $60 million Series B funding round.

Venture firm Goldman Sachs Growth led the Series B investment with participation from ACME Ventures, 235 Capital Partners, Correlation Ventures and other existing investors. 

The new funding brings the total amount raised for Slync.io to more than $70 million over the last year. The company announced a Series A round of...

https://www.freightwaves.com/news/slync-raises-60m-in-series-b-funding