Conflicting signals about the direction of the logistics technology funding environment continue to emerge, with layoffs at certain companies and sizable funding injected into others.
Two more examples of the latter have surfaced recently, with on-demand warehousing logistics provider Flexe raising $119 million Wednesday, two weeks after logistics payment platform PayCargo raised $130 million.
And those rounds were far from the only activity into logistics software vendors since venture capital and growth equity markets became more circumspect about investments across all industries in the wake of rising inflation and Russia’s invasion of Ukraine.
Supply chain integration specialist Chain.io raised $11 million in mid-June, warehousing software provider Stord raised $120 million in May, and transportation planning optimization platform Optimal Dynamics raised $33 million in April.
Source: joc.com
Sign up to the XL Anchor monthly newsletter to be the first to receive exclusive content and industry news.
