In a significant leap for the logistics and autonomous delivery sector, Bengaluru-based Airbound has raised $8.65 million in a seed funding round. The round, led by Lachy Groom, co-founder of Physical Intelligence, also saw contributions from Humba Ventures, Lightspeed, and notable industry figures from Tesla, SpaceX, and Anduril. The funding will propel the company’s ambitious…
In the labyrinthine world of freight brokerage and logistics, inefficiency has long been the silent profit killer. Fragmented systems, labor-intensive back-office processes, and error-prone workflows have hamstrung growth and squeezed margins for decades. Enter Mentium, an AI-native startup that aims to disrupt this status quo with its pioneering platform of “digital workers” designed to automate…
Berlin-based ground transportation marketplace Distribusion has successfully completed an oversubscribed $80 million Series C funding round, led by TQ Ventures and featuring significant participation from existing investor Lightrock. This new investment will further enhance Distribusion’s mission to revolutionize mass transport accessibility across the globe. Dr. Thomas Doering, CEO of Distribusion, emphasized the urgency of their…
In a remarkable stride for the wine and spirits sector, Ferovinum, a pioneering funding and supply chain platform, has successfully closed an oversubscribed £17.5 million Series A funding round. Founded in 2018 by Mitchel Fowler (CEO) and Daniel Gibney (CFO), the company has established a comprehensive digital platform designed to help businesses efficiently fund, produce,…
In a groundbreaking move for sustainability in fashion, Retraced, a leading platform for supply chain digitization and traceability, has successfully closed a €15 million Series A funding round. This round, spearheaded by Partech, a prominent European tech investment firm, also saw contributions from existing investors including Alante Capital, Alstin Capital, Samaipata, and F-Log Ventures. Retraced’s…
Tiptapp, the innovative Swedish platform revolutionizing urban logistics, has announced a significant €1 million funding boost aimed at enhancing its marketing initiatives across Berlin and broader Germany. This recent financial injection brings Tiptapp’s total funding to an impressive €8.5 million. Launched in 2016, Tiptapp offers a unique solution for urban dwellers by connecting individuals needing…
Global Spatial Technology Solutions (GSTS) has announced the successful closure of its CAD $11 million Series A funding round. The round, led by Fonds de solidarité FTQ and supported by Export Development Corporation (EDC), marks a significant step forward for the company’s global expansion efforts. This strategic investment will accelerate the international commercialization of GSTS’s…
Sunswap, a pioneering cleantech startup based in the UK, has successfully secured over €20 million in its latest funding round. The investment, spearheaded by BGF, marks a significant milestone for the company as it continues its mission to transform cold chain logistics through innovative zero-emission technologies. The funding round saw contributions from a diverse consortium…
Collo, a Tampere-based innovator specializing in IoT analyzers for industrial liquid processes, has successfully raised €5 million in growth funding. This investment round was co-led by SEB Greentech Venture Capital of Sweden and Dutch deep tech investor FORWARD.one, with participation from existing investor Scale Capital. Collo’s cutting-edge analyzer offers a transformative approach to managing liquid…
BBTruck, a vanguard in supply chain and logistics technology, has successfully completed a pre-Series A funding round, raising an impressive $6.5 million. This latest round, led by prominent investors Oasis Venture, H2U Corp., and StarWorks Entrepreneurial Venture Capital, marks a significant milestone in BBTruck’s journey toward global expansion and technological advancement. With this influx of…
