Top 10: Logistics Management software

2023. Logistics startup Slync raises $24M



Supply chain management software startup Slync has secured $24 million in funding. Slync's core objective is to streamline supply chain operations by connecting disparate shipping and logistics systems, allowing for the ingestion and processing of data to automate repetitive processes. By leveraging various data sources, including enterprise resource management systems, customer relationship management systems, transport management systems, visibility service providers, email, PDFs, and spreadsheets, Slync aims to extract and highlight critical information for users. The platform provides collaboration tools and role-based workflows to facilitate effective communication and information sharing among stakeholders. Slync's comprehensive approach aims to enhance visibility, efficiency, and collaboration within supply chain management.


2022. Leta, a Kenyan supply chain and logistics SaaS provider, raises $3M



Leta, a B2B supply chain and logistics SaaS provider based in Kenya, has recently secured $3 million in pre-seed funding. Since its launch last year, Leta has been focused on optimizing fleet management and now aims to expand its operations in West Africa while continuing to scale in its existing markets. Leta's advanced route and load optimization technology is specifically designed to enhance the efficiency of goods delivery and reduce the number of vehicles required for distribution, resulting in cost savings and improved competitiveness. Moreover, the platform offers real-time tracking capabilities, allowing businesses to monitor drivers, track specific goods, optimize truck loading, measure journey time, and calculate distances traveled. This comprehensive solution empowers companies to streamline their logistics operations and make data-driven decisions to maximize efficiency and customer satisfaction.

2021. Locus raises $50 million for its logistics management business



Locus, a startup leveraging AI to assist businesses in optimizing their logistics operations, has secured $50 million in Series C funding. Locus specializes in automating various logistics tasks, including inventory planning, organization, transportation, tracking, and route optimization, which traditionally require significant human effort. The company targets industries where logistics costs make up a substantial portion of the cost of goods sold and where profit margins are thin. In sectors like distribution and e-commerce, logistics expenses can account for up to 40% of the total cost. This creates a strong incentive for companies to seek improvements and optimize their supply chain networks. Locus aims to address this growing need for logistics optimization by providing AI-driven solutions to streamline operations and increase efficiency.


2021. Fulfilment startup Cubyn raises €35M



Cubyn, the logistics startup based in Paris, has secured an additional €35 million in funding. Cubyn offers e-merchants the opportunity to outsource their fulfillment and delivery logistics operations. The company provides a comprehensive solution that encompasses the entire fulfillment process, including inventory management in Cubyn's warehouses. With the surge in e-commerce driven by various factors such as the pandemic, direct-to-consumer (D2C) trends, and the growth of online marketplaces, Cubyn has positioned itself to capitalize on this market expansion. Notable marketplaces such as Back Market, Rakuten, Mirakl, and Fnac are among Cubyn's current clients, benefiting from its fully integrated logistics solution.


2020. India’s logistics SaaS startup FarEye bags $13 million



India-based logistics startup FarEye has successfully concluded its Series D financing round by raising an additional $13 million, bringing the total funding to $37.5 million. FarEye specializes in assisting companies with orchestrating, tracking, and optimizing their logistics operations. For instance, when you order a pizza from Domino's, FarEye's service seamlessly integrates into the system to provide real-time updates to the customer regarding the estimated delivery time. Leveraging artificial intelligence, FarEye analyzes over a billion data points to identify the most efficient logistical solutions. Over the past year, the company has honed its algorithm to handle both last-mile and long-haul deliveries, offering a comprehensive suite of services to its clients. With more than 150 e-commerce and delivery companies globally utilizing FarEye's service, they can determine the optimal approach for shipping items to their customers.


2020. Shipamax scores $7M to digitise the logistics back-office



Shipamax, a startup dedicated to streamlining back-office processes for freight forwarders and logistics companies, has successfully raised $7 million in funding. Initially, Shipamax aimed to create an online brokerage platform for bulk shipping but later transitioned to offering a Software-as-a-Service (SaaS) solution for bulk shippers. Recognizing the genuine need for digitization in the industry, the startup further pivoted its focus to develop a comprehensive toolkit for automating back-office processes within the global logistics sector. This strategic shift allows Shipamax to cater to the wider logistics market by providing efficient and scalable solutions for process automation.


2019. Whitebox raises $5M for its e-commerce logistics platform



Whitebox, a startup focused on empowering the direct-to-consumer economy, has secured $5 million in Series A funding. The company collaborates with both startups and established brands, equipping them with the necessary tools to operate direct-to-consumer e-commerce businesses. Notable customers of Whitebox include McCormick, Starbucks, KitchenAid, Bare Bones, and Super Coffee-maker Kitu. The services provided encompass various aspects such as listing products on different online marketplaces, leveraging advertisements to promote those listings, and handling product shipment to customers once purchases are made.