New venture capitalists have entered the supply chain technology space. Larger checks and higher valuations from Tiger Global and Softbank are changing the landscape, but mature startups and incumbents are also scaling their M&A capabilities.
Venture capital investment in supply chain technology startups remained robust in the third quarter of 2021, coming in at $7.8 billion for the United States and Europe. That number represents a cooling from the segment’s most recent peak in the first...
Software company SVT Robotics recently announced it has closed on a $25 million series A funding round led by Tiger Global Management with participation from Prologis Ventures to step up the company’s mission to make it easier for warehouses to invest and deploy robotics automation.
“With the seismic shifts we’ve seen in supply chain demands, warehouse operators want to adapt, but they need a way to quickly deploy fully integrated automation,” said William O’Donnell, managing director of...
E-commerce fulfillment technology company Deliverr announced Monday it has reached a $2 billion valuation after closing its $250 million series E round led by its newest investor, Tiger Global. Its existing investors, 8VC, Activant, GLP Capital Partners, Brookfield Technology Partners and Coatue, participated in the round as well.
Deliverr has raised a total of $490 million since 2018, supplying competitive fulfilment services to merchants that use marketplace platforms to sell its products,...
https://www.freightwaves.com/news/deliverr-breaks-2b-valuation-with-series-e
President Joe Biden plans to replace two U.S. Postal Service board of governors members in a move Washington insiders say could be a potential first step to removing Postmaster General Louis DeJoy.
Derek Kan, an executive with warehouse and delivery startup Deliverr, would replace John Barger, according to a White House announcement on Friday. Kan previously served in the Trump administration in the Office of Management and Budget and as an undersecretary at the U.S. Department of Transportation...
https://www.freightwaves.com/news/bidens-postal-service-nominees-could-mean-dejoy-ouster
Autonomous vehicle maker Nuro on Tuesday announced a $600 million financing round led by Tiger Global Management to develop and deploy its robot delivery network nationwide. Notably, the series D included new participation from Alphabet property Google (NASDAQ: GOOGL) and grocery retailer Kroger (NYSE: KR).
In total, Nuro has now raised over $2 billion to reach a valuation of about $8.6 billion, an anonymous source familiar with the round told TechCrunch. The robo-delivery company’s previous...
https://www.freightwaves.com/news/google-backs-av-maker-nuro-in-latest-600m-funding-round
Routing and dispatching technology provider Wise Systems announced Wednesday that after 300% year-over-year growth over the past two years, the company has raised $50 million in its recent Series C round led by Tiger Global Management with participation from Section 32, Valo Ventures, Gradient Ventures and Prologis Ventures.
The company plans to use the additional capital to expedite its product development supporting last-mile delivery operations, along with adding members to the team to...
https://www.freightwaves.com/news/wise-systems-raises-50m-to-expedite-last-mile-product-development
Scottsdale, Arizona-based digital freight marketplace Emerge announced Thursday morning that it has closed a $130 million Series B funding round led by 9Yards Capital, Tiger Global Management and The Spruce House Partnership. Existing investors New Road Capital Partners and Greycroft also participated in the round.
“We’ve been fortunate to experience explosive growth in the past few years, and this funding will be very useful to Emerge’s future success,” said founder and co-CEO Michael Leto....
https://www.freightwaves.com/news/emerge-raises-130m-series-b-to-scale-digital-freight-marketplace
U.S.-Isreali payment platform Melio announced Tuesday it had closed on an anticipated Series D round, raising $250 million co-led by Thrive Capital of New York and existing investor General Catalyst. Tiger Global Management, Accel, Bessemer, Coatue, Corner Ventures and Latitude participated in the round as well.
The company also confirmed its rumored $4 billion valuation, elevated since its $1.3 billion valuation in January.
Melio provides an online platform that enables businesses and their...
https://www.freightwaves.com/news/melios-have-it-your-way-payment-system-nets-4b-valuation
Locus Robotics announced Tuesday morning it has secured $50 million in additional funding from existing investor Tiger Global Management.
The funding follows a $150 million Series E round in February, led by Tiger Global Management and IT investment firm Bond. The new investment increases the total funding for Wilmington, Massachusetts-based Locus Robotics to $310 million.
More than 1 million warehouse robots will be installed worldwide over the next four years, with the number of warehouses...
https://www.freightwaves.com/news/big-game-hunting-locus-robotics-bags-50m-from-tiger-global
On Monday, JD Logistics, the supply chain spinoff of JD.com (NASDAQ:JD), set its Hong Kong IPO price between $HK39.36 and $HK43.36 for a total of 609.1 million shares. This pricing could lead to a $3.4 billion valuation for the company.
JD.com plans to hold 10% of JD Logistics’ shares, according to the new filing.
The listing would also provide an over-allotment option that would provide another 91 million shares, raising an additional $510 million.
Joint sponsors for the IPO include BofA...
https://s29755.pcdn.co/news/jd-logistics-sets-ipo-price-eyes-34b-valuation